v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Our single operating segment derives its revenues from the manufacturing and sale of PV solar modules. Accordingly, our chief operating decision maker (“CODM”), the Chief Executive Officer and Chairman of the Board, manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Our CODM uses consolidated net loss to measure segment profit or loss, allocate resources, and assess performance. Further, our CODM reviews and utilizes certain significant segment expenses at the consolidated level to manage the Company’s operations. Our CODM uses these metrics to evaluate future acquisitions of complementary businesses and divestitures of non-core assets.
The measure of segment assets is reported on our unaudited condensed consolidated balance sheets as total assets. We do not have intra-entity transactions. Segment results are as follows (in thousands):
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Total net sales$250,128 $132,767 $427,775 $186,219 
Less(1):
Cost of sales201,031 100,006 349,594 135,677 
Selling, general and administrative71,878 62,712 123,467 106,091 
Interest expense 6,726 8,045 12,890 17,898 
Other segment items(2)
6,639 (833)(25,710)(27,510)
Income tax (benefit) expense781 (5,979)559 (8,492)
Net loss from continuing operations$(36,927)$(31,184)$(33,025)$(37,445)
(1) The significant segment expenses and amounts herein align with the segment-level information that is regularly provided to our CODM.
(2)    Other segment items includes warrant liability fair value adjustment, impairment of intangible assets, impairment of assets previously classified as held for sale, derivative liabilities fair value adjustment, and other income, net, from our unaudited condensed consolidated statements of operations and comprehensive loss.
Within our single segment, total expenditures for additions to long-lived assets were $97.7 million and $1.2 million for the three months ended June 30, 2026 and 2025, respectively, and $155.1 million and $29.7 million for the six months ended June 30, 2026 and 2025, respectively.