v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

18. Segment Reporting

 

The following table presents selected financial information for the Company’s single reportable segment for the Successor period from May 7, 2026 through June 30, 2026, the Predecessor periods from April 1, 2026 through May 6, 2026 and January 1, 2026 through May 6, 2026, and the three and six months ended June 30, 2025 (in thousands):

 

 

 

Successor - AIAI

 

Predecessor - CCCI

 

 

 

Period from May 7, 2026 through June 30, 2026

 

Period from April 1, 2026 through May 6, 2026

 

Period from January 1, 2026 through May 6, 2026

 

Three Months Ended June 30, 2025

 

Six Months Ended June 30, 2025

 

Revenues

$

 

39,077

 

$

19,206

 

$

78,075

 

$

65,180

 

$

127,571

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

34,296

 

 

19,039

 

 

74,410

 

 

58,331

 

 

111,784

 

Acquisition and related costs

 

 

20,596

 

 

-

 

 

-

 

 

-

 

 

-

 

Selling, general and administrative expenses

 

 

27,415

 

 

1,909

 

 

8,874

 

 

5,921

 

 

11,931

 

Other segment items(1)

 

 

(4,302

)

 

264

 

 

527

 

 

339

 

 

759

 

Net income (loss)

$

 

(38,928

)

$

(2,006

)

$

(5,736

)

$

589

 

$

3,097

 

(1) Other segment items is comprised of (Gain) loss on digital assets, state franchise tax expense, interest (income) expense, net, and income tax (benefit) expense.

 

 

The Company does not hold material property and equipment or other long-lived assets outside of the United States as of June 30, 2026 (Successor) and December 31, 2025 (Predecessor). Revenue from contracts outside the United States was 1% during the Successor period from May 7, 2026 through June 30, 2026 and zero during the Predecessor periods.