| Accounts Receivable, net |
4.Accounts Receivable, net Accounts receivable, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
March 31, 2026 |
|
Accounts receivable |
|
$ |
161,827 |
|
|
$ |
277,639 |
|
Less: allowance for credit losses |
|
|
(1,857 |
) |
|
|
(3,047 |
) |
Accounts receivable, net |
|
$ |
159,970 |
|
|
$ |
274,592 |
|
|
Accounts receivable, net consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
June 30, |
|
|
|
2024 |
|
|
2025 |
|
Accounts receivable |
|
$ |
83,851 |
|
|
$ |
161,827 |
|
Less: allowance for credit losses |
|
|
(2,598 |
) |
|
|
(1,857 |
) |
Accounts Receivable, net |
|
$ |
81,253 |
|
|
$ |
159,970 |
|
The following is the activity of the allowance for credit losses on accounts receivable (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Predecessor |
|
|
|
Successor |
|
|
|
Period from
July 1, 2023 to
October 31,
2023 |
|
|
|
Period from
Inception to
June 30,
2024 |
|
|
Year Ended
June 30,
2025 |
|
Beginning balance |
|
$ |
(1,516 |
) |
|
|
$ |
— |
|
|
$ |
(2,598 |
) |
Acquisitions |
|
|
— |
|
|
|
|
(2,820 |
) |
|
|
— |
|
Recovery (provision) for credit losses |
|
|
79 |
|
|
|
|
169 |
|
|
|
207 |
|
Written-off |
|
|
16 |
|
|
|
|
53 |
|
|
|
534 |
|
Ending balance |
|
$ |
(1,421 |
) |
|
|
$ |
(2,598 |
) |
|
$ |
(1,857 |
) |
|