Supplemental Financial Statement Data (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Inventory

The Company determines the cost basis for inventory using the lower of cost or net realizable value. Cost is determined by using the weighted average method. The following table summarizes the Company’s inventory:


	September 30,				December 31,
	2026				2025
	(in thousands)
Raw materials	$	22,870			$	7,644
Work in progress		8,975				1,974
Finished goods		815				1,044
Inventory	$	32,660			$	10,662

Summary of Accounts Receivable and Change in Allowance For Credit Losses

The following tables summarize the accounts receivable as of September 30, 2026 and December 31, 2025, and the change in allowance for credit losses for the nine months ended September 30, 2026 and 2025:


		September 30,				December 31,
		2026				2025
		(in thousands)
Accounts receivable, gross		$	124,151			$	79,599
Allowance for credit losses			(1,538	)			(883	)
Accounts receivable, net of allowance for credit losses		$	122,613			$	78,716


		September 30,				September 30,
		2026				2025
		(in thousands)
Allowance for credit losses, beginning balance		$	(883	)		$	(712	)
Credit loss expenses			(748	)			(233	)
Write-offs			93				46
Allowance for credit losses, ending balance		$	(1,538	)		$	(899	)

Schedule of Property and Equipment

Property and equipment consisted of the following as of September 30, 2026 and December 31, 2025:


		September 30, 2026				December 31, 2025
		(in thousands)
Land and buildings (30-year buildings)		$	6,611			$	6,611
Machinery and equipment (7-10 year assets)			111,731				85,729
Vehicles (5-year assets)			381				265
Office furniture and equipment (5-7 year assets)			3,624				1,435
Computer systems (3-year assets)			4,389				2,941
Leasehold improvements (shorter of useful life or remaining lease term)			25,099				18,840
Construction in process			47,670				18,972
Total property and equipment			199,505				134,793
Less accumulated depreciation			(51,146	)			(39,384	)
Property and equipment, net		$	148,359			$	95,409