v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 51,741 $ 33,959
Accounts receivable, net 114,960 78,716
Contract assets 187,120 156,298
Inventory 16,299 10,662
Prepaid and other current assets 14,660 11,768
Total current assets 384,780 291,403
Property, plant and equipment 172,981 134,793
Less accumulated depreciation (46,727) (39,384)
Net property, plant and equipment 126,254 95,409
Goodwill 498,148 352,513
Intangible assets, net 326,758 285,888
Operating lease right-of-use assets 15,466 6,021
Finance lease right-of-use assets 85,181 66,193
Other assets 7,390 6,669
Total other assets 932,943 717,284
Total assets 1,443,977 1,104,096
Current liabilities    
Accounts payable 45,382 31,632
Accrued payroll and related expenses 14,805 13,776
Contract liabilities 26,154 22,814
Current portion of operating lease liabilities 2,464 1,815
Current portion of finance lease liabilities 5,009 4,401
Current portion of term note 5,610 3,836
Income taxes payable 2,077 5,299
Other current liabilities 6,728 5,094
Total current liabilities 108,229 88,667
Term note, net of current 751,327 495,312
Operating lease liabilities, net of current 13,725 4,949
Finance lease liabilities, net of current 97,130 76,995
Other liabilities 6,892 7,650
Deferred tax liabilities 45,577 47,832
Total liabilities 1,022,880 721,405
Commitments and contingencies (Note 15)
Equity:    
Preferred stock, $0.001 par value; authorized - 100,000,000 shares; issued and outstanding - none
Common stock; $0.001 par value; authorized - 1,000,000,000 shares; issued and outstanding - 132,322,435 and none, respectively 133 132
Additional paid in capital 390,034 373,455
Accumulated other comprehensive income 75 75
Retained earnings 30,855 9,029
Stockholders' equity 421,097 382,691
Total liabilities and equity $ 1,443,977 $ 1,104,096