v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 49,561 $ 65,272
Restricted cash 3,629 3,046
Accounts receivable (net of allowance for credit losses of $20.0 million and $23.0 million at March 31, 2026 and December 31, 2025 respectively) 259,424 234,288
Unbilled receivables 97,279 56,100
Inventory 24,277 20,662
Prepaid expenses and other current assets 56,529 61,534
Total current assets 490,699 440,902
Installation and service parts, net 30,304 27,081
Property and equipment, net 249,079 208,703
Operating lease assets 46,178 36,359
Intangible assets, net 98,685 168,641
Goodwill 676,826 741,610
Other non-current assets 24,420 22,366
Total assets 1,616,191 1,645,662
Current liabilities:    
Accounts payable 141,117 101,813
Deferred revenue 21,713 26,650
Accrued liabilities 60,345 69,851
Tax receivable agreement liability, current portion 5,257 5,257
Current portion of long-term debt 10,000 6,888
Total current liabilities 238,432 210,459
Long-term debt, net 1,024,657 1,021,157
Operating lease liabilities, net of current portion 46,664 31,338
Tax receivable agreement liability, net of current portion 33,418 38,418
Asset retirement obligation 18,898 17,789
Deferred tax liabilities, net 11,464 16,341
Other long-term liabilities 19,036 17,200
Total liabilities 1,392,569 1,352,702
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Class A common stock, $0.0001 par value, 260,000 shares authorized with 151,906 and 153,557 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 15 15
Additional paid-in capital 541,477 547,274
Accumulated deficit (308,124) (243,759)
Accumulated other comprehensive loss (9,746) (10,570)
Total stockholders' equity 223,622 292,960
Total liabilities and stockholders' equity $ 1,616,191 $ 1,645,662