v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 304,147 $ 156,069
Accounts receivable, net 375,640 400,686
Prepaids and other current assets 98,300 100,008
Total current assets 778,087 656,763
Property and equipment, net 23,417 54,642
Property and equipment held for sale 30,888 0
Operating lease right-of-use assets 52,037 50,605
Goodwill 4,554,993 6,221,366
Intangible assets, net 1,161,836 1,649,408
Deferred income taxes 31,441 29,903
Other noncurrent assets 57,051 33,564
Total assets 6,689,750 8,696,251
Current liabilities:    
Accounts payable 54,834 48,765
Accrued compensation 90,328 113,532
Deferred revenue 436,983 380,612
Operating lease liabilities 13,991 15,683
Other current liabilities 160,153 94,282
Total current liabilities 756,289 652,874
Long-term debt 621,284 0
Operating lease liabilities - noncurrent 39,604 36,770
Deferred income taxes 152,584 269,152
Other noncurrent liabilities 40,039 59,820
Total liabilities 1,609,800 1,018,616
Commitments and contingencies (Note 12)
EQUITY    
Preferred shares, $0.01 par value; 1,000,000 shares authorized; no shares issued 0 0
Additional paid-in-capital 6,783,958 0
Net investment by Hexagon 0 7,749,558
Retained earnings (1,629,928) 0
Accumulated other comprehensive loss (76,764) (71,923)
Total equity 5,079,950 7,677,635
Total liabilities and equity 6,689,750 8,696,251
Class A Ordinary Shares    
EQUITY    
Ordinary Shares, $0.01 par value; 4,500,000 shares authorized $ 110 $ 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Class B Ordinary Shares    
EQUITY    
Ordinary Shares, $0.01 par value; 4,500,000 shares authorized $ 2,574 $ 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01