v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income (loss) $ 618 $ (18,181)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation, net 1,176 1,395
Bad debt expense 596 1,008
Amortization of deferred revenue (182) (155)
Depreciation and amortization expense 15,205 15,103
Amortization related to unfavorable solar renewable energy agreements (399) (1,496)
Accretion expense 174 161
Change in fair value of interest rate swaps (2,699) 10,365
Interest income related to SEMTH master lease agreement (8,686) (9,042)
Gain on disposal of assets (917) (660)
Change in operating right-of-use assets and lease liability (79) (37)
Amortization of debt discount and deferred financing costs 3,690 3,280
Changes in operating assets and liabilities:    
Accounts receivable, net (10,566) (5,952)
Deferred rent assets (724) (512)
Prepaid expenses and other current assets 479 1,617
Other assets (5) (14)
Accounts payable (507) (35)
Accrued expenses and other current liabilities (3,913) (8,921)
Other long-term liabilities 52 0
Deferred revenue 762 609
Net cash used in operating activities (5,925) (11,467)
Investing activities:    
Proceeds from sale of solar energy systems 2,896 2,560
Proceeds from investment related to SEMTH master lease agreement 9,437 10,464
Cash paid for acquisitions 0 (4,544)
Purchases of other property and equipment 0 (184)
Net cash provided by investing activities 12,333 8,296
Financing activities:    
Proceeds from issuance of non-recourse debt 135 0
Payment of deferred financing costs (1,908) 0
Repayments of non-recourse debt (16,110) (13,564)
Share repurchases 0 (1,818)
Capital distributions to noncontrolling interests (127) (138)
Net cash used in financing activities (18,010) (15,520)
Net change in cash and cash equivalents and restricted cash: (11,602) (18,691)
Cash and cash equivalents and restricted cash, beginning of period 93,145 109,148
Cash and cash equivalents and restricted cash, end of period 81,543 90,457
Supplemental disclosure of cash flow information:    
Cash paid for interest 21,471 20,707
Supplemental disclosure of noncash investing and financing information:    
Right-of-use asset obtained in exchange for lease liability $ 0 $ 307