v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 117.0 $ 161.4
Short-term investments   44.1
Accounts receivable, net 296.5 44.2
Inventories, net 322.9 44.2
Income tax receivable 7.1 0.2
Deferred tax asset 37.7  
Prepaid expenses and other current assets 36.9 3.4
Total current assets 818.1 297.5
Property and equipment, net 572.0 21.6
Goodwill 2,916.5  
Intangible assets, net 1,711.8 1.9
Right of use assets, net 67.0 9.9
Deferred tax asset 28.0 0.2
Other long-term assets 13.9 1.6
Total assets 6,127.3 332.7
CURRENT LIABILITIES    
Accounts payable 87.5 11.9
Accrued expenses 250.7 48.4
Deferred revenue 183.4 0.0
Income tax payable 42.8 0.1
Current portion of long-term debt 24.0 15.0
Current portion of lease liabilities - operating leases 11.5 2.2
Other current liabilities 5.5  
Total current liabilities 605.4 77.6
Income tax payable 22.4  
Long-term debt, net of deferred financing costs 2,153.5 169.1
Deferred tax liability 214.9  
Lease liabilities, operating leases 55.3 8.3
Other long-term liabilities, net 22.4  
Total liabilities 3,073.9 255.0
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 7,829,142 and 8,500,694 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.
Additional paid-in capital 19.3 18.9
Retained earnings (accumulated deficit) 40.8 (8.3)
Treasury stock (91.6) (4.1)
Total stockholders' equity (deficit) (31.5) 6.5
Non-controlling interest 3,084.9 71.2
Total equity (deficit) 3,053.4 77.7
Total liabilities and stockholders' equity (deficit) $ 6,127.3 $ 332.7