| Summary of Revenues, Net Income and Significant Expenses |
The following table summarizes the Company’s revenues, net income and significant expenses:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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|
(in thousands) |
|
Revenue |
|
$ |
471,500 |
|
|
$ |
345,251 |
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|
$ |
280,705 |
|
Expenses and other items: |
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Cost of goods sold: |
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Labor |
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|
(115,060 |
) |
|
|
(95,404 |
) |
|
|
(80,684 |
) |
Materials |
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|
(133,518 |
) |
|
|
(91,808 |
) |
|
|
(75,469 |
) |
Overhead |
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|
(21,587 |
) |
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|
(17,100 |
) |
|
|
(12,256 |
) |
Depreciation and amortization |
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|
(11,309 |
) |
|
|
(8,828 |
) |
|
|
(6,747 |
) |
Total cost of goods sold |
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|
(281,474 |
) |
|
|
(213,140 |
) |
|
|
(175,156 |
) |
General and administrative expenses |
|
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(85,656 |
) |
|
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(44,421 |
) |
|
|
(36,623 |
) |
Depreciation and amortization not included in cost of goods sold |
|
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(31,428 |
) |
|
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(24,130 |
) |
|
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(20,432 |
) |
Other income |
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|
4,147 |
|
|
|
1,502 |
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|
|
563 |
|
Interest expense, net |
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(44,567 |
) |
|
|
(50,733 |
) |
|
|
(47,867 |
) |
Income tax provision |
|
|
(15,156 |
) |
|
|
(1,628 |
) |
|
|
3,169 |
|
Net income |
|
$ |
17,366 |
|
|
$ |
12,701 |
|
|
$ |
4,359 |
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