v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net loss $ (2,855) $ (15,314)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation, net 1,013 826
Bad debt expense 435 244
Amortization of deferred revenue (85) (86)
Depreciation and amortization expense 7,509 7,548
Amortization related to unfavorable solar renewable energy agreements (93) (748)
Accretion expense 86 80
Change in fair value of interest rate swaps (800) 6,237
Interest income related to SEMTH master lease agreement (4,344) (4,521)
Gain on disposal of assets (449) (335)
Change in operating right-of-use assets and lease liability (20) (20)
Amortization of debt discount and deferred financing costs 1,580 1,637
Changes in operating assets and liabilities:    
Accounts receivable, net (3,492) (5,285)
Deferred rent assets (91) (258)
Prepaid expenses and other current assets 298 1,566
Other assets (5) 0
Accounts payable (781) (212)
Accrued expenses and other current liabilities (745) (714)
Other long-term liabilities (5) 0
Deferred revenue 147 231
Net cash used in operating activities (2,697) (9,124)
Investing activities:    
Proceeds from sale of solar energy systems 1,442 1,357
Proceeds from investment related to SEMTH master lease agreement 3,892 4,527
Cash paid for acquisitions 0 (1,621)
Purchases of other property and equipment 0 (87)
Net cash provided by investing activities 5,334 4,176
Financing activities:    
Payment of deferred financing costs (1,908) 0
Repayments of non-recourse debt (8,178) (6,846)
Share repurchases 0 (808)
Capital distributions to noncontrolling interests (71) (77)
Net cash used in financing activities (10,157) (7,731)
Net change in cash and cash equivalents and restricted cash: (7,520) (12,679)
Cash and cash equivalents and restricted cash, beginning of period 93,145 109,148
Cash and cash equivalents and restricted cash, end of period 85,625 96,469
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 7,552 $ 6,275