REVENUE AND GRANT INCOME RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenues and Grant Income by Customer Type

A summary of revenues and grant income by customer type is as follows (in thousands):


		Three Months Ended March 31,
		2026				2025
Customer type:
DOE		$	39,008			$	15,201
Services revenue			35,491				11,488
Grant income			3,517				3,713
Department of War			779				1,950
Commercial			3,636				3,653
Total revenues and grant income		$	43,423			$	20,804

A summary of revenues and grant income by contract type is as follows (in thousands):


		Three Months Ended March 31,
		2026				2025
Contract type:
Cost-based		$	40,930			$	17,365
Services revenue			37,413				13,652
Grant income			3,517				3,713
Fixed fee			335				940
Cost plus fixed fee			443				2,108
Time & materials			1,715				391
Total revenues and grant income		$	43,423			$	20,804

Schedule of Revenues and Grant Income by Geographic Location

Revenues and Grant Income by Geographic Location

The Company has revenues and grant income in the following geographic locations (in thousands):


		Three Months Ended March 31,
		2026				2025
Customer Location:
United States		$	43,423			$	20,440
International			-				364
Total revenues and grant income		$	43,423			$	20,804