v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Mar. 05, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Current assets              
Cash and cash equivalents $ 16,849   $ 17,824 $ 18,449      
Restricted cash 1,400   10,616 1,393      
Accounts receivable, net 91,599   79,124 75,979      
Inventories, net 48,769   50,400 56,553      
Prepaid expenses 11,307   12,145 13,538      
Other current assets 1,375   2,044 2,919      
Total current assets 171,299   172,153 168,831      
Property and equipment, net 106,572   107,499 64,266      
Operating lease right-of-use assets, net 30,293   31,261 34,105      
Finance lease right-of-use assets, net 36   55 16      
Intangible assets, net 8,898   9,171 68,063      
Other long-term assets 557   536 4,183      
Total assets 317,655   320,675 339,464      
Current liabilities              
Accounts payable 44,448   39,070 43,564      
Accrued expenses 13,927   20,645 27,764      
Income taxes payable 381   465 356      
Current portion of long-term debt 1,606   4,760 6,310      
Current portion of operating lease obligations 12,695   11,695 13,409      
Current portion of finance lease obligations 37   55 6      
Total current liabilities 73,094   76,690 91,409      
Long-term liabilities              
Long-term debt 97,344   90,305 341,572      
Long-term operating lease obligations 17,188   18,389 21,352      
Other long-term liabilities 459   87 87      
Total liabilities 188,085   185,471 454,420      
Commitments and contingencies (Note 11)        
Stockholders’ equity (deficit)              
Predecessor common stock (120,000,000 shares authorized at $0.01 par value; 43,326,339 shares issued and outstanding at December 31, 2025) 139     433      
Additional paid-in capital 135,638     808,432      
Accumulated other comprehensive loss (64)   0 (5,187)      
Accumulated deficit (6,143)   0 (918,634)      
Total stockholders’ equity (deficit) 129,570 $ 133,983 135,204 (114,956) $ (81,737) $ (72,113) $ (66,064)
Total liabilities and stockholders’ equity (deficit) $ 317,655   $ 320,675 $ 339,464