v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 46,759 $ 56,903
Restricted cash included in funds held by trustee 5,315 4,628
Accounts receivable, net of expected credit losses of $1,259 as of December 31, 2025 and $923 as of December 31, 2024 24,494 20,878
Deferred costs of fulfillment, current portion 97,151 101,467
Prepaid expenses and other 29,375 21,506
Total current assets 203,094 205,382
Deferred costs of fulfillment, long-term portion 15,883 15,508
Restricted cash included in secured notes reserve funds 12,171 11,707
Property and equipment, net 281,955 331,049
Right of use lease asset 63,315 35,640
Total net book value 19,703 24,755
Balances 130,410 130,410
Other assets 4,378 4,345
Total Assets 730,909 758,796
Current liabilities:    
Accounts payable and accrued liabilities 35,272 40,236
Derivative instrument liability 75 1,270
Operating lease liability, current portion 5,771 5,150
Contract liabilities, current portion 131,581 135,649
Other current liabilities 20,765 17,546
Total current liabilities 330,427 199,851
Contract liabilities, long-term portion 21,354 21,155
Operating lease liability, long-term portion 57,823 25,899
Syndicated revolver 189,531 194,426
Notes payable 291,646 287,646
Other long-term liability 1,366 0
Deferred tax liability 2,962 2,963
Stockholders' deficit    
Share capital 38,308 36,581
Additional paid-in capital 23,526 19,241
Accumulated deficit (225,977) (150,158)
Accumulated other comprehensive Income (57) (964)
Total Equity (164,200) (95,300)
Total Liabilities and Equity 730,909 758,796
Series A Preferred Units [Member]    
Current liabilities:    
Redeemable preferred units - no par value, 33,333,333 units authorized; 15,243,600 units issued and outstanding as of December 31, 2025, current portion 136,963 0
Redeemable preferred units - no par value, 33,333,333 units authorized; 15,243,600 units issued and outstanding as of December 31, 2024, long-term portion $ 0 $ 122,156