v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 44,164 $ 46,759
Restricted cash 5,019 5,315
Accounts receivable, net of expected credit losses of 1313000 as of June 30, 2026 and 1259000 as of December 31, 2025 23,072 24,494
Deferred costs of fulfillment, current portion 99,725 97,151
Prepaid expenses and other 25,726 29,375
Total current assets 197,706 203,094
Deferred costs of fulfillment, long-term portion 16,389 15,883
Secured notes reserve funds 11,020 12,171
Property and equipment, net 268,383 281,955
Right of use lease asset 80,438 63,315
Intangible assets 18,755 19,703
Goodwill 130,410 130,410
Other assets 4,598 4,378
Total assets 727,699 730,909
Current liabilities:    
Accounts payable and accrued liabilities 36,125 35,272
Derivative instrument liability 171 75
Operating lease liability, current portion 6,896 5,771
Contract liabilities, current portion 133,474 131,581
Other current liabilities 21,564 20,765
Total current liabilities 345,677 330,427
Contract liabilities, long-term portion 21,877 21,354
Operating lease liability, long-term portion 74,481 57,823
Syndicated revolver 189,778 189,531
Notes payable 293,637 291,646
Other long-term liabilities 59 1,366
Deferred tax liability 2,961 2,962
Stockholders' deficit    
Common stock - no par value, 250,000,000 shares authorized; 11,134,174 and 11,111,453 shares issued and outstanding as of June 30, 2026 and December 31, 2025 39,205 38,308
Additional paid-in capital 24,709 23,526
Accumulated deficit (264,555) (225,977)
Accumulated other comprehensive loss (130) (57)
Total stockholders' deficit (200,771) (164,200)
Total liabilities and stockholders' deficit 727,699 730,909
Series A Preferred Units    
Current liabilities:    
Redeemable preferred units - no par value, 33,333,333 units authorized; 15,243,600 units issued and outstanding as of March 31, 2026 and December 31, 2025 $ 147,447 $ 136,963