v3.26.1
Lease Accounting (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease Cost
The Company’s lease costs consisted of the following:

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Operating lease costs
Charging network cost of sales$3,767 $2,784 $7,337 $5,445 
Other cost of sales660 696 1,398 1,386 
General and administrative expenses1,322 953 2,477 2,082 
Variable lease costs
Charging network cost of sales602 653 1,170 1,183 
General and administrative expenses5 33 10 46 
Short-term lease costs9 — 18 — 
Total operating and variable lease costs$6,365 $5,119 $12,410 $10,142 
Schedule of Maturities of Operating Lease Liabilities
As of June 30, 2026, the maturities of operating lease liabilities for the periods ending December 31, were as follows:
(in thousands)
2026$10,563 
202721,565 
202821,756 
202921,911 
203021,449 
Thereafter93,251 
Total undiscounted operating lease payments190,495 
Imputed interest(72,190)
Total discounted operating lease liabilities$118,305 
Schedule of Other Supplemental and Cash Flow Information
Other supplemental and cash flow information consisted of the following:
Six Months Ended June 30,
(dollars in thousands)20262025
Weighted-average remaining lease term (in years)8.68.5
Weighted-average discount rate11.4 %9.4 %
Cash paid for amounts included in measurement of operating lease liabilities$8,808 $8,990 
ROU assets obtained in exchange for new operating lease liabilities$15,331 $10,073 
Schedule of Operating Lease Income
The Company’s operating lease income consisted of the following components:

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
AV and ancillary revenue
Operating lease income$146 $1,459 $1,255 $3,530 
Sublease income25 71 102 108 
$171 $1,530 $1,357 $3,638 
Schedule of Future Minimum Rental Payments Due to as Lessor Under Operating Leases (Including Subleases)
As of June 30, 2026, future minimum rental payments due to the Company as lessor under operating leases (including subleases) for the periods ending December 31, were as follows:
(in thousands)
2026$1,156 
20272,077 
20282,077 
20291,512 
2030946 
Thereafter4,218 
$11,986 
Schedule of the Charging Stations and Subleased Host Sites Leased to Third Parties
The components of charging stations and subleased host sites leased to third parties under operating leases, which are included within the Company’s property and equipment, net, and operating lease ROU assets were as follows as of:
(in thousands)June 30, 2026December 31, 2025
Charging stations$2,194 $13,018 
Accumulated depreciation(1,695)(3,151)
Property and equipment, net$499 $9,867 
Operating lease ROU assets$8,575 $2,090 
Schedule of Sales-Type Leases Income The following table presents amounts included in the condensed consolidated statements of operations related to income generated from sales-type leases:
(in thousands)Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Ancillary revenue$— $5,269 $17,176 $5,269 
Other cost of sales(86)(2,769)(12,941)(2,769)
Gross margin$(86)$2,500 $4,235 $2,500 
Schedule of Annual Minimum Discounted Lease Payment Receipts Under Our Sales-type Leases
Minimum discounted lease payments due under sales-type leases were as follows as of June 30, 2026 for the periods ending December 31:
(in thousands)
2026$1,440 
20272,879 
20282,879 
20292,879 
20302,879 
20312,214 
Thereafter2,646 
Total expected sales-type lease payments17,816 
Less: imputed interest(1,521)
Total net investment in sales-type leases$16,295 
Schedule of Sales-type Lease Activity Related Amounts Included in the Consolidated Balance Sheets
The following table presents amounts included in the condensed consolidated balance sheets related to sales-type leases:
(in thousands)June 30, 2026
Prepaid and other current assets
Net investment in lease, current$2,564 
Other assets
Net investment in lease, noncurrent13,731 
Total sales-type lease assets$16,295