v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following tables set forth certain financial information for each of the Company’s reportable segments for the periods indicated:
Successor
Year Ended December 31, 2025
Inspection and MitigationConsulting Engineering GeospatialCorporate and EliminationsTotal
Revenue$1,098,888 $300,145 $131,263 $— $1,530,296 
Cost of revenue$858,304 $157,660 $64,973 $— $1,080,937 
Gross profit$240,584 $142,485 $66,290 $— $449,359 
Depreciation and amortization$65,182 $3,040 $4,735 $105,373 $178,330 
Total assets$2,011,756 $1,173,971 $632,598 $577,984 $4,396,309 
Long-lived assets (1)$172,858 $10,702 $45,021 $27,044 $255,625 
(1) Long-lived assets consist of property and equipment, net as identified in “Note 7. Property and equipment.” As of December 31, 2025, 70.2% and 28.6% of the Company’s long-lived assets were located in the United States and Canada, respectively.
Successor
July 30 through December 31, 2024
Inspection and MitigationConsulting Engineering GeospatialCorporate and EliminationsTotal
Revenue$463,527 $— $— $— $463,527 
Cost of revenue$359,848 $— $— $— $359,848 
Gross profit$103,679 $— $— $— $103,679 
Depreciation and amortization$25,519 $— $— $21,794 $47,313 
Total assets$2,030,931 $— $— $176,808 $2,207,739 
Long-lived assets (1)$189,233 $— $— $— $189,233 
(1) Long-lived assets consist of property and equipment, net as identified in “Note 7. Property and equipment.” As of December 31, 2024, 63.1% and 36.9% of the Company’s long-lived assets were located in the United States and Canada, respectively.
Predecessor
January 1 through July 29, 2024
Inspection and MitigationConsulting Engineering GeospatialCorporate and EliminationsTotal
Revenue$633,866 $— $— $— $633,866 
Cost of revenue$471,881 $— $— $— $471,881 
Gross profit$161,985 $— $— $— $161,985 
Depreciation and amortization$22,345 $— $— $23,432 $45,777 
Predecessor
Year Ended December 31, 2023
Inspection and MitigationConsulting Engineering GeospatialCorporate and EliminationsTotal
Revenue$1,050,057 $— $— $— $1,050,057 
Cost of revenue$810,534 $— $— $— $810,534 
Gross profit$239,523 $— $— $— $239,523 
Depreciation and amortization$55,402 $— $— $39,416 $94,818 
Revenue from External Customers by Geographic Areas
Revenues, classified by the major geographic area in which the Company’s customers are located, were as follows:
Successor
Year Ended December 31, 2025
Inspection and MitigationConsulting Engineering GeospatialTotal
United States$601,105 $260,270 $122,654 $984,029 
Canada487,283 — 849 488,132 
Other foreign10,500 39,875 7,760 58,135 
Total segment revenues$1,098,888 $300,145 $131,263 $1,530,296 
Successor
July 30 through December 31, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
United States$266,831 $— $— $266,831 
Canada196,696 — — 196,696 
Other foreign— — — — 
Total segment revenues$463,527 $— $— $463,527 
Predecessor
January 1 through July 29, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
United States$363,119 $— $— $363,119 
Canada270,747 — — 270,747 
Other foreign— — — — 
Total segment revenues$633,866 $— $— $633,866 
Predecessor
Year Ended December 31, 2023
Inspection and MitigationConsulting Engineering GeospatialTotal
United States$643,492 $— $— $643,492 
Canada406,565 — — 406,565 
Other foreign— — — — 
Total segment revenues$1,050,057 $— $— $1,050,057 
Revenues by customer type were as follows:
Successor
Year Ended December 31, 2025
Inspection and MitigationConsulting Engineering GeospatialTotal
Public and quasi-public sector$40,470 $147,579 $106,396 $294,445 
Private sector1,058,418 152,566 24,867 1,235,851 
Total segment revenues$1,098,888 $300,145 $131,263 $1,530,296 
Successor
July 30 through December 31, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
Public and quasi-public sector$9,123 $— $— $9,123 
Private sector454,404 — — 454,404 
Total segment revenues$463,527 $— $— $463,527 
Predecessor
January 1 through July 29, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
Public and quasi-public sector$10,335 $— $— $10,335 
Private sector623,531 — — 623,531 
Total segment revenues$633,866 $— $— $633,866 
Predecessor
Year Ended December 31, 2023
Inspection and MitigationConsulting Engineering GeospatialTotal
Public and quasi-public sector$16,536 $— $— $16,536 
Private sector1,033,521 — — 1,033,521 
Total segment revenues$1,050,057 $— $— $1,050,057 
Revenues by contract type were as follows:
Successor
Year Ended December 31, 2025
Inspection and MitigationConsulting Engineering GeospatialTotal
Cost-reimbursable contracts$1,044,637 $271,226 $127,537 $1,443,400 
Fixed-unit price contracts54,251 28,919 3,726 86,896 
Total segment revenues$1,098,888 $300,145 $131,263 $1,530,296 
Successor
July 30 through December 31, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
Cost-reimbursable contracts$442,997 $— $— $442,997 
Fixed-unit price contracts20,530 — — 20,530 
Total segment revenues$463,527 $— $— $463,527 
Predecessor
January 1 through July 29, 2024
Inspection and MitigationConsulting Engineering GeospatialTotal
Cost-reimbursable contracts$614,774 $— $— $614,774 
Fixed-unit price contracts19,092 — — 19,092 
Total segment revenues$633,866 $— $— $633,866 
Predecessor
Year Ended December 31, 2023
Inspection and MitigationConsulting Engineering GeospatialTotal
Cost-reimbursable contracts$1,026,478 $— $— $1,026,478 
Fixed-unit price contracts23,579 — — 23,579 
Total segment revenues$1,050,057 $— $— $1,050,057