v3.26.1
Revenues (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]    
Schedule of Disaggregation of Revenue
The following table disaggregates revenues by principal offering and timing of transfer of control (in thousands):
 
    
Three Months Ended
December 31,
    
Six Months Ended
December 31,
 
    
2024
    
2025
    
2024
    
2025
 
Revenues by principal offering:
           
Custom products
   $ 147,099      $ 234,517      $ 280,176      $ 439,687  
Powertrain solutions
     14,063        46,373        19,895        111,784  
Standard products
     8,000        9,059        15,967        18,085  
Services
     6,176        6,455        13,313        10,122  
  
 
 
    
 
 
    
 
 
    
 
 
 
Revenues
   $ 175,338      $ 296,404      $ 329,351      $ 579,678  
  
 
 
    
 
 
    
 
 
    
 
 
 
Revenues by timing of recognition:
           
Over-time revenues
   $ 106,856      $ 173,290      $ 213,847      $ 335,512  
Point-in-time
revenue
     68,482        123,114        115,504        244,166  
  
 
 
    
 
 
    
 
 
    
 
 
 
Revenues
   $ 175,338      $ 296,404      $ 329,351      $ 579,678  
  
 
 
    
 
 
    
 
 
    
 
 
 
The following table disaggregates revenue by principal offering and timing of transfer of control (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
 
Revenues by principal offering:
        
Standard products
   $ 13,052      $ 21,310      $ 34,624  
Custom products
     51,426        152,386        590,646  
Powertrain solutions
     —            1,423        99,479  
Services
     —            6,191        28,439  
  
 
 
    
 
 
    
 
 
 
Total revenues
   $ 64,478      $ 181,310      $ 753,188  
  
 
 
    
 
 
    
 
 
 
Revenues by timing of recognition:
        
Over-time revenues
   $ 51,426      $ 125,273      $ 469,947  
Point-in-time
revenue
     13,052        56,037        283,241  
  
 
 
    
 
 
    
 
 
 
Total Revenue
   $ 64,478      $ 181,310      $ 753,188