
	Three Months Ended March 31, 2026
		IHT		MS		Total
		(unaudited)		(unaudited)		(unaudited)
Revenues		$	123,391	$	91,665	$	215,056
Adjusted operating expenses1		93,011		68,798		161,809
Adjusted selling, general and administrative expenses2		15,093		20,312		35,405
Adjusted EBITDA		$	15,287	$	2,555	$	17,842


	Three Months Ended March 31, 2025
		IHT		MS		Total
		(unaudited)		(unaudited)		(unaudited)
Revenues		$	113,621	$	85,034	$	198,655
Adjusted operating expenses1		85,054		63,193		148,247
Adjusted selling, general and administrative expenses2		14,905		20,385		35,290
Adjusted EBITDA		$	13,662	$	1,456	$	15,118

1 Represent operating expenses including direct depreciation and amortization but excluding severance cost.

2 Represent segment selling, general and administrative expenses excluding noncash share-based compensation, professional, legal and other non-recurring costs.


	Three Months Ended March 31,
		2026		2025
		(unaudited)		(unaudited)
IHT		$	15,287	$	13,662
MS		2,555		1,456
Segment adjusted EBITDA		17,842		15,118
Segment depreciation and amortization		(7,113)		(7,087)
Segment professional fees, severance and other		(1,300)		(449)
Corporate and shared support cost		(12,800)		(13,585)
Consolidated operating loss		(3,371)		(6,003)
Interest expense		(8,882)		(11,436)
Loss on debt extinguishment		—		(11,853)
Other income/(expense)		925		(204)
Loss before income taxes		$	(11,328)	$	(29,496)


	Three Months Ended March 31,
		2026		2025
		(unaudited)		(unaudited)
Capital expenditures1:
IHT		$	1,432	$	1,458
MS		1,053		667
Corporate and shared support services		214		14
Total capital expenditures		$	2,699	$	2,139

1 Excludes finance leases. Totals may vary from amounts presented in the consolidated statements of cash flows due to the timing of cash payments.


	Three Months Ended March 31,
		2026		2025
		(unaudited)		(unaudited)
Depreciation and amortization:
IHT		$	3,316	$	2,816
MS		3,797		4,271
Corporate and shared support services		1,340		1,315
Total depreciation and amortization		$	8,453	$	8,402