v3.26.1
Debt, net (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The table below summarizes the Company’s debt:
As of March 31, 2026As of December 31, 2025
MaturityAmountsEffective interest rateAmountsEffective interest rate
Macquarie Term Loan2026$— $— $148,986 48.9 %
MUFG Equipment Financing2027396,567 12.1 %— — 
Keystone Equipment Financing203139,540 13.3 %— — 
Beal Equipment Financing20283,020 14.2 %— — 
Total debt$439,127 $148,986 
Less: Unamortized debt issuance costs and discount(17,831)(39,187)
Total debt, net$421,296 $109,799