The following table provides a reconciliation of cash, cash equivalents, and restricted cash as of June 30, 2026 and 2025 to cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows for the six months ended June 30, 2026 and 2025:


	June 30, 2026		June 30, 2025
Cash and cash equivalents	$	4,618	$	6,981
Restricted cash (1)		104,369		19,907
Total of cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	108,987	$	26,888

(1)

The balance as of June 30, 2026, includes $5.1 million of long-term restricted cash included within “Other assets” on the Company’s consolidated balance sheets. There was no long-term restricted cash balance as of June 30, 2025.

Restricted cash is primarily related to the Company’s energy incentive management business for its public utility clients and advances on certain programs.