v3.26.1
Unaudited condensed consolidated balance sheets - USD ($)
$ in Thousands
Jul. 03, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 1,213,898 $ 1,094,976
Accounts receivable, net of allowance of $2,164 and $2,078, respectively 444,711 417,043
Contract assets 607,382 533,257
Inventories 261,625 262,276
Section 45X credit receivable 311,560 352,598
Other current assets 189,070 186,406
Total current assets 3,028,246 2,846,556
Property and equipment, net 89,183 78,356
Goodwill 488,950 488,950
Other intangible assets, net 80,640 78,046
Deferred tax assets 509,009 511,815
Other assets 66,179 69,489
Total assets 4,262,207 4,073,212
Current liabilities:    
Accounts payable 535,974 533,490
Accrued expenses 112,955 130,133
Deferred revenue 319,837 307,492
Other current liabilities 157,596 192,747
Total current liabilities 1,126,362 1,163,862
Tax receivable agreement (TRA) liability 373,811 372,659
Long-term deferred revenue 113,007 102,493
Other liabilities 91,924 99,801
Total liabilities 1,705,104 1,738,815
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Additional paid-in-capital 4,361,372 4,305,726
Accumulated deficit (1,806,172) (1,971,527)
Accumulated other comprehensive income 1,888 183
Total stockholders’ equity 2,557,103 2,334,397
Total liabilities and stockholders’ equity 4,262,207 4,073,212
Common Class A    
Stockholders’ equity:    
Class A common stock, $0.0001 par value, 900,000,000 shares authorized, 151,654,811 shares and 149,391,483 shares issued and outstanding, respectively $ 15 $ 15