v3.26.1
Accounts Receivable (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Summary of Accounts Receivable

Accounts receivable as of June 30, 2026 and December 31, 2025 consisted of the following:

(in thousands)

 

June 30, 2026

 

 

December 31, 2025

 

Accounts receivable

 

$

466,824

 

 

$

182,775

 

Allowance for credit losses

 

 

(7,834

)

 

 

(9,866

)

Total accounts receivable, net

 

$

458,990

 

 

$

172,909

 

Schedule of Provision for Credit Losses Activity

Allowance for credit losses activity for the six months ended June 30, 2026 and 2025 consisted of the following:

 

 

 

Six months ended June 30,

 

 

(in thousands)

 

2026

 

 

2025

 

 

Balance at beginning of period

 

$

9,866

 

 

$

8,863

 

 

Write-offs

 

 

(493

)

 

 

(1,166

)

 

(Recovery) allowance for credit loss

 

 

(1,539

)

 

 

1,297

 

 

Balance at end of period

 

$

7,834

 

 

$

8,994