v3.26.1
Contract Assets (Tables)
6 Months Ended
Jun. 30, 2026
Revenue Recognition [Abstract]  
Schedule of Outstanding Contract Assets
Contract assets are as follows (in thousands):
June 30, 2026December 31, 2025
Contract assets$83,060 $83,060 
Less accumulated amortization(24,982)(20,324)
Contract assets, net58,078 62,736 
Less current contract assets(9,485)(7,621)
Contract assets, long term$48,593 $55,115 
The table below reflects our estimated contract assets amortization per year (in thousands) based on the Company’s forecasted revenues from the ProFrac Agreement as of June 30, 2026.
Years ending December 31,Amortization
2026 (excluding the first six months)
$4,743 
20279,858 
202810,230 
202910,230 
203010,230 
Thereafter through May 203212,787 
Total contract assets$58,078