v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 46,894 $ 65,272
Restricted cash 3,212 3,046
Accounts receivable (net of allowance for credit losses of $20.0 million and $23.0 million at March 31, 2026 and December 31, 2025 respectively) 221,865 234,288
Unbilled receivables 82,687 56,100
Inventory 27,642 20,662
Prepaid expenses and other current assets 56,568 61,534
Total current assets 438,868 440,902
Installation and service parts, net 31,584 27,081
Property and equipment, net 225,879 208,703
Operating lease assets 43,777 36,359
Intangible assets, net 153,366 168,641
Goodwill 741,172 741,610
Other non-current assets 21,352 22,366
Total assets 1,655,998 1,645,662
Current liabilities:    
Accounts payable 114,258 101,813
Deferred revenue 24,428 26,650
Accrued liabilities 53,868 69,851
Tax receivable agreement liability, current portion 5,257 5,257
Current portion of long-term debt 34,130 6,888
Total current liabilities 231,941 210,459
Long-term debt, net 1,021,487 1,021,157
Operating lease liabilities, net of current portion 39,484 31,338
Tax receivable agreement liability, net of current portion 38,418 38,418
Asset retirement obligation 18,581 17,789
Deferred tax liabilities, net 15,883 16,341
Other long-term liabilities 18,204 17,200
Total liabilities 1,383,998 1,352,702
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Class A common stock, $0.0001 par value, 260,000 shares authorized with 151,906 and 153,557 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 15 15
Additional paid-in capital 541,507 547,274
Accumulated deficit (259,946) (243,759)
Accumulated other comprehensive loss (9,576) (10,570)
Total stockholders' equity 272,000 292,960
Total liabilities and stockholders' equity $ 1,655,998 $ 1,645,662