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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Management has determined that the Company functions as a single operating segment and thus reports as a single reportable segment which derives revenues by providing specialty contracting services throughout the United States. This determination is based on rules prescribed by GAAP applied to the manner in which management operates the Company. In particular, management assessed the discrete financial information routinely reviewed by the Company’s chief operating decision maker (“CODM”), its Chief Executive Officer, to monitor the Company’s operating performance and support decisions regarding allocation of resources to its operations. The CODM assesses segment performance and determines annual budgeting and forecasting using net income, which is reported in the Company’s consolidated statements of operations.
Specifically, performance is continuously monitored at the consolidated and, as necessary, the individual contract level to timely identify deviations from expected results.
Resource allocations are based on the needs of the customers and the capacity of the Company’s service personnel to pursue new project opportunities, including reallocation of underutilized personnel where additional resources might be required to fully meet demand. Other factors further supporting this conclusion include substantial similarities throughout all of the Company’s operations with respect to services provided, type of customers, and service delivery methodologies.
The following table presents selected financial information with respect to the Company’s single operating segment as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$404,633 $292,405 $738,555 $517,792 
Cost of revenue, excluding depreciation and amortization332,581 237,091 613,647 423,696 
Selling, general and administrative28,141 15,765 53,713 30,546 
Depreciation and amortization21,014 13,988 41,439 27,245 
Change in fair value of contingent liabilities300 170 2,186 337 
Total382,036 267,014 710,985 481,824 
Interest expense(19,534)(6,919)(37,759)(13,745)
Other expense, net(1,008)(1,042)(1,927)(2,030)
Income (loss) before provision for income taxes$2,055 $17,430 $(12,116)$20,193 
The measure of segment assets is reported in the Company’s condensed consolidated balance sheets.