v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 27,438 $ 11,530
Accounts receivable, net 57,902 55,220
Contract assets 133,590 107,222
Inventory 14,740 9,883
Prepaid and other current assets 8,382 17,856
Total current assets 242,052 201,711
Property, plant and equipment 112,025 87,832
Less accumulated depreciation (32,753) (26,952)
Net property, plant and equipment 79,272 60,880
Goodwill 301,840 225,146
Intangible assets, net 251,144 208,952
Operating lease right-of-use assets 6,697 6,071
Finance lease right-of-use assets 66,144 70,013
Other assets 6,780 1,187
Total other assets 632,605 511,369
Total assets 953,929 773,960
Current liabilities    
Accounts payable 28,056 28,296
Accrued payroll and related expenses 10,677 11,249
Contract Liabilities 19,897 29,868
Short term operating lease liabilities 1,641 1,533
Short term finance lease liabilities 4,165 3,980
Short term notes payable, net of debt issuance costs 2,816 7,140
Income taxes payable 15,104 20,054
Other current liabilities 5,803 12,487
Total current liabilities 88,159 114,607
Long-term liabilities    
Revolving line of credit 30,000 25,000
Long-term notes payable, net of current portion and net of debt issuance costs 365,847 326,920
Noncurrent operating lease liabilities, net of current portion 5,838 5,338
Noncurrent finance lease liabilities, net of current portion 75,477 77,957
Other liabilities 2,479 2,772
Deferred tax liabilities 24,652 25,370
Total long-term liabilities 504,293 463,357
Total liabilities 592,452 577,964
Equity:    
Preferred stock, $0.001 par value; authorized - 100,000,000 shares; issued and outstanding - none 0 0
Common stock; $0.001 par value; authorized - 1,000,000,000 shares; issued and outstanding - 132,174,593 and none, respectively 132 0
Additional paid in capital 367,598 204,258
Accumulated other comprehensive income 75 75
Accumulated deficit (6,328) (8,337)
Stockholders' equity and members' equity, respectively 361,477 195,996
Total liabilities and equity $ 953,929 $ 773,960