v3.26.1
Inventory, net (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2025
Inventory Disclosure [Abstract]    
Schedule of Inventory, Net
Inventory, net consisted of the following (in thousands):
 
    
June 30,
2025
   
December 31,
2025
 
Raw materials
   $ 85,528     $ 118,395  
Work in process
     23,549       33,650  
Finished goods
     11,169       13,483  
Less: allowance for slow-moving and excess inventory
     (2,669     (5,048
  
 
 
   
 
 
 
Inventory, net
   $ 117,577     $ 160,480  
  
 
 
   
 
 
 
Inventory consists of the following (in thousands):
 
    
Successor
 
    
June 30,
 
    
2024
   
2025
 
Raw materials
   $ 50,916     $ 85,528  
Work in process
     25,042       23,549  
Finished goods
     11,080       11,169  
Allowance for slow moving and excess
     (3,922     (2,669
  
 
 
   
 
 
 
Total Inventory, net
   $ 83,116     $ 117,577  
  
 
 
   
 
 
 
Schedule of Reserve for Slow Moving and Excess Inventory  
The following is the activity of the reserve for slow moving and excess inventory (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
   $ (1,457        $ —      $ (3,922
Acquisitions
     —             (3,638     —   
Provision for slow moving and excess
     —             (349     (9
Written-off
     —             65       1,262  
  
 
 
   
 
 
    
 
 
   
 
 
 
Ending balance
   $ (1,457        $ (3,922   $ (2,669