v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents [1] $ 133,241 $ 24,408
Accounts receivable, net of allowances of $806 and $469, respectively [1],[2] 42,636 61,806
Restricted cash - current [1] 926 1,210
Contract assets [1] 6,782 8,276
Parts inventory [1] 12,201 10,964
Prepaid expense and other current assets [1] 17,615 16,018
Total current assets [1] 213,401 122,682
Property, plant, and equipment, net [1] 512,546 495,634
Investments in other entities [1] 224,282 231,223
Net investment in sales-type lease [1] 10,651 8,224
Restricted cash - non-current [1] 2,807 2,700
Goodwill [1] 54,608 54,608
Other long-term assets [1] 42,307 44,398
Total assets [1] 1,060,602 959,469
Current liabilities:    
Accounts payable [1],[3] 9,631 19,004
Contract liabilities [1] 5,070 6,296
Loan, current portion [1] 19,473 15,062
Accrued expenses and other current liabilities [1] 62,890 63,857
Total current liabilities [1] 97,064 104,219
Loans, net of debt issuance costs [1] 427,698 337,063
Other long-term liabilities [1] 23,946 20,430
Total liabilities [1] 548,708 461,712
Commitments and contingencies Note 12 [1]
Stockholders' equity (deficit)    
Retained earnings (accumulated deficit) [1] 19,632 (1,307)
Accumulated other comprehensive income (loss) [1] 184 (26)
Class A common stock in treasury, at cost; 1,635,783 as of March 31, 2026 and December 31, 2025 [1] (11,614) (11,614)
Total stockholders' equity (deficit) attributable to the Company [1] 8,219 (12,930)
Non-redeemable non-controlling interests [1] 10,208 2,789
Total stockholders' equity (deficit) [1] 18,427 (10,141)
Total liabilities, redeemable preferred, redeemable non-controlling interests and stockholders' equity (deficit) [1] 1,060,602 959,469
Redeemable preferred non-controlling interests    
Current liabilities:    
Redeemable non-controlling interests [1] 150,000 130,000
Redeemable non-controlling interests    
Current liabilities:    
Redeemable non-controlling interests [1] 343,467 377,898
Common Class A    
Stockholders' equity (deficit)    
Common stock [1] 3 3
Common Class B    
Stockholders' equity (deficit)    
Common stock [1] 12 12
Common Class C    
Stockholders' equity (deficit)    
Common stock [1] 0 0
Common Class D    
Stockholders' equity (deficit)    
Common stock [1] $ 2 $ 2
[1] Includes amounts related to consolidated VIEs, which are presented separately in the table below.
[2] Includes related‑party amounts of $15,327 and $13,318 as of March 31, 2026 and December 31, 2025, respectively.
[3] Includes related‑party amounts of $3,046 and $8,951 as of March 31, 2026 and December 31, 2025, respectively.