v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 33,959 $ 11,530
Accounts receivable, net 78,716 55,220
Contract assets 156,298 107,222
Inventory 10,662 9,883
Prepaid and other current assets 11,768 17,856
Total current assets 291,403 201,711
Property, plant and equipment 134,793 87,832
Less accumulated depreciation (39,384) (26,952)
Net property, plant and equipment 95,409 60,880
Goodwill 352,513 225,146
Intangible assets, net 285,888 208,952
Operating lease right-of-use assets 6,021 6,071
Finance lease right-of-use assets 66,193 70,013
Other assets 6,669 1,187
Total other assets 717,284 511,369
Total assets 1,104,096 773,960
Current liabilities    
Accounts payable 31,632 28,296
Accrued payroll and related expenses 13,776 11,249
Contract Liabilities 22,814 29,868
Current portion of operating lease liabilities 1,815 1,533
Current portion of finance lease liabilities 4,401 3,980
Short term notes payable, net of debt issuance costs 3,836 7,140
Income taxes payable 5,299 20,054
Other current liabilities 5,094 12,487
Total current liabilities 88,667 114,607
Long-term liabilities    
Revolving line of credit 0 25,000
Long-term notes payable, net of current portion and net of debt issuance costs 495,312 326,920
Noncurrent operating lease liabilities, net of current portion 4,949 5,338
Noncurrent finance lease liabilities, net of current portion 76,995 77,957
Other liabilities 7,650 2,772
Deferred tax liabilities 47,832 25,370
Total long-term liabilities 632,738 463,357
Total liabilities 721,405 577,964
Commitments and contingencies (Note 14)
Equity:    
Preferred stock, $0.001 par value; authorized - 100,000,000 shares; issued and outstanding - none 0 0
Common stock; $0.001 par value; authorized - 1,000,000,000 shares; issued and outstanding - 132,322,435 and none, respectively 132 0
Additional paid in capital 373,455 204,258
Accumulated other comprehensive income 75 75
Retained earnings (accumulated deficit) 9,029 (8,337)
Stockholders' equity and members' equity, respectively 382,691 195,996
Total liabilities and equity $ 1,104,096 $ 773,960