v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 136,972 $ 65,272
Restricted cash 3,144 3,046
Accounts receivable (net of allowance for credit losses of $20.7 million and $23.0 million at September 30, 2026 and December 31, 2025, respectively) 192,181 234,288
Unbilled receivables 108,721 56,100
Inventory 21,412 20,662
Prepaid expenses and other current assets 65,313 61,534
Total current assets 527,743 440,902
Installation and service parts, net 38,173 27,081
Property and equipment, net 266,947 208,703
Operating lease assets 43,869 36,359
Intangible assets, net 87,164 168,641
Goodwill 676,789 741,610
Other non-current assets 31,724 22,366
Total assets 1,672,409 1,645,662
Current liabilities:    
Accounts payable 132,591 101,813
Deferred revenue 28,863 26,650
Accrued liabilities 80,736 69,851
Tax receivable agreement liability, current portion 5,257 5,257
Current portion of debt 9,506 6,888
Total current liabilities 256,953 210,459
Debt, net of current portion 1,023,056 1,021,157
Operating lease liabilities, net of current portion 45,807 31,338
Tax receivable agreement liability, net of current portion 33,418 38,418
Asset retirement obligations 19,096 17,789
Deferred tax liabilities, net 10,319 16,341
Other long-term liabilities 18,943 17,200
Total liabilities 1,407,592 1,352,702
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at September 30, 2026 and December 31, 2025 0 0
Class A common stock, $0.0001 par value, 260,000 shares authorized with 152,008 and 153,557 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 15 15
Additional paid-in capital 542,140 547,274
Accumulated deficit (267,736) (243,759)
Accumulated other comprehensive loss (9,602) (10,570)
Total stockholders' equity 264,817 292,960
Total liabilities and stockholders' equity $ 1,672,409 $ 1,645,662