v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 15,724 $ 7,320
Accounts receivable, net 134,822 128,793
Unbilled receivables 22,526 22,133
Inventory 184,720 89,878
Insurance receivable 191 0
Other current assets 11,475 9,762
Total Current Assets 369,458 257,886
Property, plant and equipment, net 63,265 53,302
Goodwill 69,941 69,941
Other intangible assets, net 29,706 33,499
Deferred tax assets 434,758 438,027
Right-of-use operating lease assets 43,946 46,044
Other assets 5,826 5,402
Total Assets 1,016,900 904,101
Current Liabilities    
Accounts payable 65,981 64,875
Accrued expenses and other 35,270 22,215
Litigation settlement liability 4,499 0
Warranty liability—current portion 3,481 3,202
Deferred revenue 55,245 37,031
Total Current Liabilities 164,476 127,323
Revolving line of credit 196,750 136,750
Right-of-use operating lease liabilities 37,061 38,661
Warranty liability, less current portion 403 403
Other long-term liabilities 991 991
Total Liabilities 399,681 304,128
Commitments and Contingencies (Note 13)
Stockholders’ Equity    
Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 498,495 493,090
Treasury stock, at cost, 3,908,387 shares as of June 30, 2026 and December 31, 2025 (25,272) (25,272)
Retained earnings 143,994 132,153
Total Stockholders' Equity 617,219 599,973
Total Liabilities and Stockholders’ Equity 1,016,900 904,101
Common Class A    
Stockholders’ Equity    
Class A common stock, $0.00001 par value - 1,000,000,000 shares authorized; 172,196,879 and 171,358,711 shares issued; 168,288,492 and 167,450,324 outstanding as of June 30, 2026 and December 31, 2025, respectively $ 2 $ 2