v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
Schedule of Lease Expense

The components of lease expense were as follows:

 

Schedule of Lease Expense

    Year Ended
December 31,
2025		     Year Ended
December 31,
2024		  
    (in millions)  
Finance lease costs:   $       $     
Depreciation     5.9       1.0  
Interest     3.8       1.8  
Operating lease costs     6.1       6.7  
Short-term lease costs     1.5       1.6  
Variable lease costs     2.0       2.3  
Total   $ 19.3     $ 13.4  

 

    December 31,
2025		   December 31,
2024		  
       
Weighted average remaining lease term – finance leases     40.2 months       50.0 months  
Weighted average remaining lease term – operating leases     73.6 months       77.3 months  
Weighted average discount rate – finance leases     17.1 %     16.7 %
Weighted average discount rate – operating leases     9.9 %     9.5 %
Schedule of Future Minimum Finance Lease Payments

Future minimum finance lease payments as of December 31, 2025 were as follows:

 

Schedule of Future Minimum Finance Lease Payments

Year ending December 31, (in millions)      
2026   $ 7.2  
2027     7.0  
2028     6.9  
2029     3.4  
Total future minimum lease payments     24.5  
Less: imputed interest     (6.4 )
Total   $ 18.1  
Schedule of Future Minimum Operating Lease Payments

Future minimum operating lease payments as of December 31, 2025 were as follows:

 

Schedule of Future Minimum Operating Lease Payments

Year ending December 31, (in millions)      
2026   $ 3.0  
2027     1.7  
2028     1.4  
2029     1.4  
2030     1.3  
Thereafter     3.3  
Total future minimum lease payments     12.1  
Less: imputed interest     (3.1 )
Total   $ 9.0  
Schedule of Lease Income from Operating Lease

Lease income from operating leases is not material for any of the periods presented. Lease income from sales type leases is as follows:

 

   Year Ended
December 31,
2025		   Year Ended
December 31,
2024		 
   (in millions) 
Interest receivable  $1.3   $1.0 
Profit recognized at commencement date of sales type leases   5.6    2.7 
Total  $6.9   $3.7 
Schedule of Future Minimum Sales Type Lease Receivables

Future minimum sales type lease receivables as of December 31, 2025 were as follows:

 

Schedule of Future Minimum Sales Type Lease Receivables

Year ending December 31, (in millions)      
2026   $ 7.7  
2027     4.9  
2028     2.2  
2029     0.3  
2030     0.1  
Total future minimum lease receivables     15.2  
Less: imputed interest     (1.0 )
Total   $ 14.2