v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (308,363) $ (105,528) $ (18,715)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Depreciation and amortization 23,213 23,298 30,529
Amortization of deferred financing costs 1,858    
Loss on extinguishment of debt   246 631
Deferred taxes 57,258 (44,751) (12,341)
Change in fair value of earnout liability     (20,689)
Share based compensation 1,184 2,049 891
Gain on sale of assets (2,273) (3,439) (1,328)
Foreign currency remeasurement gain (49) (12) (109)
Loss (earnings) from equity method investments 1,291 415 (7,740)
TZC investment present value accretion   (3,367) (2,449)
Loss (gain) on trading securities, net (292) 224 (26)
Changes in assets and liabilities:      
Accounts receivable 23,070 9,924 (48,971)
Contract assets 116,841 70,713 (42,921)
Other current assets (11,001) 757 4,136
Right-of-use assets 4,374 (2,410) 4,402
Accounts payable, retainage payable and accrued liabilities 23,617 (3,652) 46,608
Contract liabilities 2,828 56,426 61,775
Operating lease liabilities (4,369) 2,538 (4,314)
Other noncurrent liabilities 89,069    
Other (1,675) (1,504) 367
Net cash provided by (used in) operating activities 16,581 1,927 (10,264)
Cash flows from investing activities:      
Purchase of property and equipment (3,846) (7,416) (10,846)
Proceeds from sale of property and equipment 6,549 6,513 8,813
Purchase of trading securities   (89)  
Proceeds from the sale of trading securities 403 401 61
Distributions received from equity method investees     7,000
Distributions received from investees 934 4,069  
Capital contribution to unconsolidated investments (915) (250)  
Capital contribution to equity method investees     (540)
Return of investment in limited liability company 267    
Net cash provided by investing activities 3,392 3,228 4,488
Cash flows from financing activities:      
Borrowings on revolving credit facility   5,000 8,000
Payments on revolving credit facility   (95,000) (13,000)
Borrowings on notes payable   168,127 115,265
Payments on notes payable (50,708) (89,781) (123,720)
Proceeds from financing obligations   42,500  
Payments of deferred financing costs (297) (7,982) (565)
Pre-payment premium   (246) (471)
Advances from (to) related parties (3) 12 (242)
Payments on finance lease and financing obligations (1,350) (5,481) (4,835)
Capital contributions from noncontrolling members   1,838  
Distribution to members (1,808)   (110)
Payment of taxes related to net share settlement of RSUs (120) (206)  
Proceeds from advancement of surety funds 14,135   17,088
Net cash provided by (used in) financing activities (40,151) 18,781 (2,590)
Effect of exchange rate on cash 85 (195) 195
Net increase (decrease) in cash and cash equivalents and restricted cash (20,093) 23,741 (8,171)
Beginning of period 87,561 63,820 71,991
End of period 67,468 87,561 63,820
Supplemental cash flow information      
Cash paid for income taxes 1,163 1,561 7,587
Cash paid for interest 35,281 28,047 18,277
Non-cash investing and financing activities:      
Lease assets obtained in exchange for new leases 12,088 18,718 13,875
Assets obtained in exchange for notes payable $ 6,723 27,365 10,884
Related party payable exchanged for note payable   3,797  
Conversion of promissory notes payable to equity   20,000  
Dissolution of joint venture   $ 276  
Issuance of post-merger earn out shares     35,000
Dividend financed with notes payable     $ 50,000