v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (6,606) $ (13,789)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, amortization, and accretion 15,133 16,258
Stock-based compensation 6,386 4,858
Allowance for accounts receivable 476 2,454
Assets' impairment 4,156 0
(Loss) income from investments in other entities 423 (2,483)
Distributions from return on investments in other entities 940 8,059
Deferred income taxes (34) 0
Other 1,456 (1,475)
Changes in operating assets and liabilities:    
Accounts receivable [1] 19,226 (10,705)
Parts inventory (1,383) (1,788)
Prepaid expenses and other current and long-term assets (17,183) 9,397
Accounts payable [2] 12,161 (1,645)
Accrued expenses and other current and non-current liabilities (4,561) (4,262)
Net cash provided by operating activities 30,590 4,879
Cash flows from investing activities:    
Purchase of property, plant, and equipment (70,979) (60,890)
Proceeds from transfer of investment tax credits, net of transaction costs 9,381 35,137
Distributions from return of investments in other entities 8,610 6,236
Cash paid, related to investments in other entities (16,431) (16,656)
Cash received from note receivable 0 1,377
Proceeds from disposal of property, plant and equipment 700 0
Net cash used in investing activities (68,719) (34,796)
Cash flows from financing activities:    
Proceeds from loans 128,382 60,000
Repayment of loans (74,958) (16,295)
Proceeds from redeemable preferred non-controlling interest and warrants issuance, net of issuance costs 150,958 0
Redemption of redeemable preferred non‑controlling interest (100,000) 0
Financing costs paid to other third parties (947) (1,250)
Proceeds from issuance of shares of Class A common stock under the ATM program, net 0 58
Repayment of principal portion of finance lease liabilities (967) (1,144)
Payment of preferred dividends (11,518) (7,852)
Distribution to non-redeemable non-controlling interest (305) (150)
Cash paid for taxes related to net share settlement of equity awards (1,372) (387)
Capital contribution from non-redeemable non-controlling interests 11,002 1,991
Net cash provided by financing activities 100,275 34,971
Net increase in cash, restricted cash, and cash equivalents 62,146 5,054
Cash, restricted cash, and cash equivalents, beginning of period 28,318 29,228
Cash, restricted cash, and cash equivalents, end of period 90,464 34,282
Supplemental disclosure of cash flow information    
Interest paid, net of $2,304 and $2,082 capitalized, respectively 24,338 20,523
Noncash investing and financing activities:    
Issuance of warrants in connection with redeemable preferred non-controlling interest financing 2,760 0
Right-of-use assets for finance leases included in property, plant and equipment 368 58
Purchase of property, plant and equipment included in accrued expenses and other current liabilities $ 28,093 $ 10,014
[1] Includes decrease (increase) from related parties of $10,101 and $(7,169) for the nine months ended September 30, 2026 and 2025, respectively
[2] Includes decrease from related parties of $(5,007) and $(507) for the nine months ended September 30, 2026 and 2025, respectively