RESTRUCTURING CHARGES

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

From time to time, the Company has initiated various restructuring plans in an effort to better align its resources with its business strategy. For the three months ended March 31, 2026 and 2025, the charges incurred were primarily comprised of severance payments and termination benefits related to headcount reductions and are included in Other operating expense, net in the Condensed Combined Statements of Operations.

Activities resulting from restructuring plans are as follows:


Balance as of December 31, 2024	$	6,764
Charges	3,383
Utilization	(3,646)
Balance as of March 31, 2025	$	6,501

Balance as of December 31, 2025	$	13,775
Charges	3,727
Utilization	(11,799)
Balance as of March 31, 2026	$	5,703

All liabilities for restructuring charges under these plans are included in Other current liabilities in the Condensed Combined Balance Sheets as of March 31, 2026 as the Company expects to make cash payments to settle most of these liabilities throughout 2026.