v3.26.1
Supplemental Information to the Condensed Consolidated Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Change in Accounts Receivable Allowance for Credit Losses

The following table summarizes the change in the accounts receivable allowance for credit losses for the periods presented (in thousands):

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

Accounts receivable allowance for credit losses,
   beginning of period

 

$

 

1,079

 

 

$

 

1,169

 

Write-offs

 

 

 

(267

)

 

 

 

(292

)

Expense

 

 

 

513

 

 

 

 

649

 

Accounts receivable allowance for credit losses,
   end of period

 

$

 

1,325

 

 

$

 

1,526

 
Schedule of Accounts Receivable and Contract Liabilities from Contracts with Customers

The following table provides information about accounts receivable and deferred revenues from contracts with customers (in thousands):

 

 

As of
June 30,

 

 

As of
December 31,

 

 

 

2026

 

 

2025

 

Accounts receivable, net

 

$

 

145,469

 

 

$

 

100,465

 

Deferred revenue

 

$

 

18,914

 

 

$

 

7,376

 

The following table presents a reconciliation of contract liabilities for the periods presented (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Deferred revenue, beginning of period

 

$

 

16,732

 

 

$

 

7,578

 

 

$

 

7,376

 

 

$

 

8,002

 

Acquired from Valiant Business Combination

 

 

 

(1

)

 

 

 

—

 

 

 

 

4,335

 

 

 

 

—

 

Deposits received

 

 

 

8,718

 

 

 

 

3,253

 

 

 

 

17,815

 

 

 

 

10,988

 

Revenue recognized

 

 

 

(6,361

)

 

 

 

(4,908

)

 

 

 

(10,438

)

 

 

 

(13,067

)

Adjustment to acquired deferred revenue from
   Valiant Business Combination

 

 

 

(174

)

 

 

 

—

 

 

 

 

(174

)

 

 

 

—

 

Deferred revenue, end of period

 

$

 

18,914

 

 

$

 

5,923

 

 

$

 

18,914

 

 

$

 

5,923

 
Schedule of Accrued Liabilities

Accrued liabilities as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

 

 

As of
June 30,

 

 

As of
December 31,

 

 

 

2026

 

 

2025

 

Accrued payroll and employee expenses

 

$

 

21,952

 

 

$

 

20,167

 

Accrued taxes

 

 

 

6,929

 

 

 

 

1,916

 

Customer deposits

 

 

 

7,136

 

 

 

 

480

 

Accrued interest

 

 

 

1,938

 

 

 

 

1,598

 

Accrued legal claims

 

 

 

8,000

 

 

 

 

—

 

Other accrued liabilities

 

 

 

3,483

 

 

 

 

2,748

 

Total accrued expenses

 

$

 

49,438

 

 

$

 

26,909

 
Schedule of Supplemental Cash Flow Information

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Supplemental disclosures of investing and financing activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for interest

 

$

 

4,444

 

 

$

 

2,703

 

 

$

 

7,484

 

 

$

 

6,977

 

Cash paid for income taxes

 

$

 

—

 

 

$

 

5,100

 

 

$

 

—

 

 

$

 

5,100

 

Supplemental schedule of non-cash activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Establishment of deferred tax asset under Tax
   Receivable Agreement and at the IPO

 

 

 

 

 

$

 

(119

)

 

 

 

 

 

$

 

10,054

 

Establishment of liabilities under Tax Receivable
   Agreement in the IPO

 

 

 

 

 

$

 

—

 

 

 

 

 

 

$

 

12,484

 

Lease liabilities arising from obtaining operating
   right-of-use assets

 

$

 

6,412

 

 

$

 

438

 

 

$

 

7,784

 

 

$

 

783

 

Lease liabilities arising from obtaining financing
   right-of-use assets

 

$

 

3,067

 

 

$

 

5,623

 

 

$

 

5,735

 

 

$

 

9,426