v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 28,632 $ 6,333
Accounts receivable, net 69,361 33,699
Inventory 24,204 8,723
Other current assets 15,555 5,047
Total current assets 137,752 53,802
Property, plant and equipment, at cost 281,422 168,767
Accumulated depreciation (27,142) (15,930)
Property, plant and equipment, net 254,280 152,837
Goodwill 152,983 79,505
Customer relationships, net 84,910  
Other noncurrent assets, net 22,632 2,385
Total assets 699,431 384,702
Current liabilities:    
Accounts payable 35,331 12,558
Accrued liabilities 43,547 27,080
Current portion of lease liabilities 2,275 475
Long-term debt, current portion 17,370 13,654
Total current liabilities 98,523 53,767
Long-term lease liability 13,366 1,727
Deferred income taxes 21,785 0
Other long-term liabilities 6,650 0
Long-term debt, net 201,103 186,625
Total liabilities 341,427 242,119
Commitments and contingencies (Note 17)
Stockholders' Equity (Deficit):    
Accumulated deficit (57,892) (14,632)
Additional paid-in capital 415,889 0
Total stockholders' equity (deficit) 358,004 (14,630)
Total liabilities, redeemable mezzanine equity and stockholders' equity (deficit) 699,431 384,702
Customer Relationships [Member]    
Current assets:    
Customer relationships, net 84,910 71,373
Trade Name [Member]    
Current assets:    
Trade name 46,874 24,800
Redeemable Senior Preferred Units [Member]    
Redeemable mezzanine equity:    
Temporary Equity, Carrying Amount, Attributable to Parent 0 26,590
Redeemable preferred units [Member]    
Redeemable mezzanine equity:    
Temporary Equity, Carrying Amount, Attributable to Parent 0 130,623
Series A Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock, value 0 0
Common Class A [Member]    
Stockholders' Equity (Deficit):    
Common stock, value 5 1
Common Class B [Member]    
Stockholders' Equity (Deficit):    
Common stock, value $ 2 $ 1

Source

10-Q XBRL Zip