June 30,
2025

December 31,
2024

(in thousands)

Land and buildings

$

6,611

$

—

Machinery and equipment (7-10 year assets)

74,568

59,669

Vehicles (5 year assets)

162

48

Office furniture and equipment (5-7 year assets)

1,316

1,253

Computer systems (3 year assets)

2,766

2,532

Leasehold improvements (life tied to lease duration)

17,402

14,201

Construction in process

9,200

10,129

Total property and equipment

112,025

87,832

Less accumulated depreciation

(32,753

)

(26,952

)

Property and equipment, net

$

79,272

$

60,880