v3.26.3
Accounts Receivable (Tables)
9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Summary of Accounts Receivable

Accounts receivable as of September 30, 2026 and December 31, 2025 consisted of the following:

(in thousands)

 

September 30, 2026

 

 

December 31, 2025

 

Accounts receivable

 

$

422,817

 

 

$

182,775

 

Allowance for credit losses

 

 

(7,323

)

 

 

(9,866

)

Total accounts receivable, net

 

$

415,494

 

 

$

172,909

 

Schedule of Provision for Credit Losses Activity

Allowance for credit losses activity for the nine months ended September 30, 2026 and 2025 consisted of the following:

 

 

 

Nine months ended September 30,

 

 

(in thousands)

 

2026

 

 

2025

 

 

Balance at beginning of period

 

$

9,866

 

 

$

8,863

 

 

Recoveries (write-offs), net

 

 

480

 

 

 

(1,353

)

 

(Benefit) provision for credit loss

 

 

(3,023

)

 

 

986

 

 

Balance at end of period

 

$

7,323

 

 

$

8,496