v3.26.1
Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Members' Equity
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2022 $ 177,596     $ 202,918 $ (25,397) $ 75
Distributions (788)     (788)    
Share-based compensation 1,291     1,291    
Net income 4,359       4,359  
Other comprehensive income (loss) 1         1
Ending Balance at Dec. 31, 2023 182,459     203,421 (21,038) 76
Distributions (156)     (156)    
Share-based compensation 993     993    
Net income 12,701       12,701  
Other comprehensive income (loss) (1)         (1)
Ending Balance at Dec. 31, 2024 195,996     204,258 (8,337) 75
Contributions 1,474     1,474    
Conversion of member's equity into common stock in initial public offering   $ 124 $ 207,018 (207,142)    
Conversion of member's equity into common stock in initial public offering, shares   123,754        
Issuance of common stock in initial public offering, net 154,836 $ 8 154,828      
Issuance of common stock in initial public offering, net, shares   8,421        
Issuance of common stock upon acquisition of Industrial Solid Propulsion 5,752   5,752      
Issuance of common stock upon acquisition of Industrial Solid Propulsion, shares   147        
Stock consideration issued for acquisition of Five Axis 5,857   5,857      
Stock consideration issued for acquisition of Five Axis, shares   69        
Share-based compensation 1,410     $ 1,410    
Net income 17,366       17,366  
Other comprehensive income (loss) 0          
Ending Balance at Dec. 31, 2025 $ 382,691 $ 132 $ 373,455   $ 9,029 $ 75
Ending balance, shares at Dec. 31, 2025   132,391