v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 27, 2025
Current assets    
Cash and cash equivalents $ 230,283 $ 0
Prepaid and other current assets 50,381 0
Total current assets 891,575 6,655
Property and equipment, net 5,718 0
Restricted cash 6,145 0
Intangible assets, net 369,136 0
Goodwill 2,614,248 1,296,000
Right-of-use assets 32,204 0
Other non-current assets 18,060 0
Total assets 3,937,086 1,302,655
Current liabilities    
Accounts payable 37,772 0
Deferred revenue 71,314 0
Long-term borrowings - current portion 342 0
Current portion of lease liabilities 2,989 0
Total current liabilities 887,546 387,329
Convertible notes, net 224,953 0
Deferred tax liabilities 1,732 0
Lease liabilities 29,456 0
Other long-term liabilities 9,530 0
Total liabilities 1,298,217 387,329
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest 1,825,516 0
Shareholders’ equity:    
Preferred Stock par value $0.0001: 50,000,000 shares and 0 shares authorized at June 30, 2026 and September 27, 2025, respectively; 0 shares issued and outstanding at June 30, 2026 and September 27, 2025, respectively 0 0
Additional paid-in capital 829,743 915,326
Accumulated deficit (16,301) 0
Accumulated other comprehensive loss (100) 0
Total shareholders’ equity 813,353 915,326
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 3,937,086 1,302,655
Common Class A    
Shareholders’ equity:    
Common stock, value 3 0
Common Class B    
Shareholders’ equity:    
Common stock, value 8 0
Nonrelated Party    
Current assets    
Accounts receivable, net 109,609 6,655
Current liabilities    
Accrued expenses and other current liabilities 530,869 370,933
Related party    
Current assets    
Accounts receivable, net 501,302 0
Current liabilities    
Related party current liabilities 244,260 16,396
Notes payable - related party $ 145,000 $ 0