v3.26.1
Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net consisted of the following (in thousands, except useful lives):
Estimated Useful Lives (Years)June 30, 2026December 31, 2025
LandN/A$1,638 $1,674 
Buildings and land improvements
15-39
29,657 12,482 
Manufacturing equipment747,499 43,650 
Furniture, fixtures and equipment
5-7
6,455 6,088 
Vehicles51,275 1,287 
Hardware
3-5
5,843 5,186 
Construction in progressN/A9,047 18,178 
Total101,414 88,545 
Less: accumulated depreciation(33,234)(30,320)
Property, plant and equipment, net$68,180 $58,225 

Depreciation expense was $2.7 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively, of which $2.0 million and $0.6 million, respectively, was included in Cost of product and service revenue and $0.7 million and $0.5 million, respectively, was included in Depreciation and amortization on the accompanying condensed consolidated statements of operations.

Depreciation expense was $5.1 million and $2.2 million for the six months ended June 30, 2026 and 2025, respectively, of which $3.7 million and $1.2 million, respectively, was included in Cost of product and service revenue and $1.4 million and $1.0 million, respectively, was included in Depreciation and amortization on the accompanying condensed consolidated statements of operations.