v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 68,168 $ 33,959
Accounts receivable, net 122,613 78,716
Contract assets 208,275 156,298
Inventory 32,660 10,662
Prepaid and other current assets 20,820 11,768
Total current assets 452,536 291,403
Property, plant and equipment 199,505 134,793
Less accumulated depreciation (51,146) (39,384)
Net property, plant and equipment 148,359 95,409
Goodwill 550,638 352,513
Intangible assets, net 354,019 285,888
Operating lease right-of-use assets 18,673 6,021
Finance lease right-of-use assets 110,147 66,193
Other non-current assets 8,832 6,669
Total other assets 1,042,309 717,284
Total assets 1,643,204 1,104,096
Current liabilities    
Accounts payable 59,916 31,632
Accrued payroll and related expenses 18,595 13,776
Contract liabilities 42,495 22,814
Current portion of operating lease liabilities 2,970 1,815
Current portion of finance lease liabilities 5,204 4,401
Current portion of term loan 7,312 3,836
Income taxes payable 0 5,299
Other current liabilities 9,617 5,094
Total current liabilities 146,109 88,667
Long-term debt, net of current 851,495 495,312
Operating lease liabilities, net of current 16,500 4,949
Finance lease liabilities, net of current 125,567 76,995
Other non-current liabilities 13,288 7,650
Deferred tax liabilities 48,485 47,832
Total liabilities 1,201,444 721,405
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized - 100,000,000 shares; issued and outstanding - none
Common stock, $0.001 par value; authorized - 1,000,000,000 shares; issued and outstanding - 132,533,708 and 132,322,435, as of September 30, 2026 and December 31, 2025, respectively 133 132
Additional paid in capital 391,936 373,455
Accumulated other comprehensive income (loss) (2,072) 75
Retained earnings 51,763 9,029
Total stockholders' equity 441,760 382,691
Total liabilities and stockholders' equity $ 1,643,204 $ 1,104,096