v3.26.1
Accounts Receivable, net (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2025
Receivables [Abstract]    
Schedule of Accounts Receivable, Net
Accounts receivable, net consisted of the following (in thousands):
 
    
June 30,
2025
   
December 31,
2025
 
Accounts receivable
   $ 161,827     $ 253,267  
Less: allowance for credit losses
     (1,857     (2,250
  
 
 
   
 
 
 
Accounts receivable, net
   $ 159,970     $ 251,017  
  
 
 
   
 
 
 
Accounts receivable, net consist of the following (in thousands):
 
    
Successor
 
    
June 30,
 
    
2024
   
2025
 
Accounts receivable
   $ 83,851     $ 161,827  
Less: allowance for credit losses
     (2,598     (1,857
  
 
 
   
 
 
 
Accounts Receivable, net
   $ 81,253     $ 159,970  
  
 
 
   
 
 
 
Schedule of the Allowance for Credit Losses  
The following is the activity of the allowance for credit losses on accounts receivable (in thousands):
 
    
Predecessor
   
 
    
Successor
 
    
Period from
July 1, 2023
to October 31,
2023
          
Period from
Inception to
June 30,
2024
   
Year Ended
June 30,
2025
 
Beginning balance
   $ (1,516        $ —      $ (2,598
Acquisitions
     —             (2,820     —   
Recovery (provision) for credit losses
     79            169       207  
Written-off
     16            53       534  
  
 
 
   
 
 
    
 
 
   
 
 
 
Ending balance
   $ (1,421        $ (2,598   $ (1,857