| Accrued Expenses and Other Current Liabilities |
. Accrued expenses and other current liabilitiesAccrued expenses and other current liabilities consisted of the following:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Accrued cost of revenue |
|
$ |
49,974 |
|
|
$ |
16,156 |
|
Accrued compensation |
|
|
3,227 |
|
|
|
2,699 |
|
Accrued interest |
|
|
216 |
|
|
|
399 |
|
Other accrued expenses |
|
|
3,308 |
|
|
|
4,516 |
|
Total accrued expenses |
|
$ |
56,725 |
|
|
$ |
23,770 |
|
|
|
|
|
|
|
|
Warranty reserves |
|
$ |
11,049 |
|
|
$ |
10,357 |
|
Current portion of operating lease liability |
|
|
551 |
|
|
|
404 |
|
Current portion of finance lease liability |
|
|
105 |
|
|
|
— |
|
Non-federal tax obligations (collections), net |
|
|
1,691 |
|
|
|
(36 |
) |
Total other current liabilities |
|
$ |
13,396 |
|
|
$ |
10,725 |
|
Other accrued expenses primarily include amounts due for (i) customs duties owed to CBP, (ii) legal costs associated with outstanding corporate or legal matters and (iii) other professional services. Activity by period in the Company's warranty accruals was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
|
Nine months ended September 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Balance at beginning of period |
|
$ |
11,607 |
|
|
$ |
11,810 |
|
|
$ |
11,913 |
|
|
$ |
11,904 |
|
Warranties issued and remediation added during the period |
|
|
1,128 |
|
|
|
459 |
|
|
|
2,235 |
|
|
|
2,073 |
|
Settlements made during the period |
|
|
(378 |
) |
|
|
(616 |
) |
|
|
(1,508 |
) |
|
|
(1,857 |
) |
Changes in liability for pre-existing warranties |
|
|
1 |
|
|
|
(160 |
) |
|
|
(282 |
) |
|
|
(627 |
) |
Balance at end of period |
|
$ |
12,358 |
|
|
$ |
11,493 |
|
|
$ |
12,358 |
|
|
$ |
11,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
Warranty accruals are reported in: |
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
|
|
|
|
|
|
$ |
11,049 |
|
|
$ |
9,728 |
|
Other non-current liabilities |
|
|
|
|
|
|
|
|
1,309 |
|
|
|
1,765 |
|
Balance at end of period |
|
|
|
|
|
|
|
$ |
12,358 |
|
|
$ |
11,493 |
|
|