v3.26.1
Details of Certain Accounts (Tables)
3 Months Ended
Mar. 31, 2026
Details of Certain Accounts [Line Items]  
Summary of reconciliation of capitalized project development costs
A reconciliation of capitalized project development costs is as follows:
 
 
  
Three Months Ended March 31,
 
 
  
2026
 
  
2025
 
Capitalized project development costs, at beginning of period
   $ 17,734      $ 25,204  
Costs capitalized during the year, net of refunds
     (498 )      —   
Costs expensed from sale of projects during the year
     —         1,259  
Impaired costs written off during the year
     (3,939      —   
  
 
 
    
 
 
 
Capitalized project development costs, at end of period
   $ 13,297      $ 26,463  
  
 
 
    
 
 
 
Summary of Prepaids and other current assets
Prepaids and other current assets consisted of the following:
 
    
March 31, 2026
    
December 31,
2025
 
Supplier deposits
   $ 55,561      $ 43,485  
Materials inventory
     40,243        4,594  
Non-trade
receivables
     1,437        3,473  
Prepaid insurance
     1,986        2,942  
Rebates receivable
     770        2,495  
Other
     5,531        3,898  
  
 
 
    
 
 
 
Total prepaids and other current assets
   $ 105,528      $ 60,887  
  
 
 
    
 
 
 
Summary of Property and equipment, net
Property and Equipment
Property and equipment, net consisted of the following:
 
    
March 31, 2026
    
December 31,
2025
 
Machinery and equipment
   $ 92,585      $ 80,022  
Vehicles
     4,454        4,391  
Vehicles under finance leases
     64,125        56,724  
Furniture and fixtures
     2,845        2,845  
Leasehold improvements
     15,255        15,214  
Computer equipment
     5,357        5,305  
Construction in progress
     1,059        3,340  
Buildings and land
     467        467  
  
 
 
    
 
 
 
Property and equipment, gross
     186,147        168,308  
Less: Accumulated depreciation
     (70,010      (61,925
  
 
 
    
 
 
 
Property and equipment, net of accumulated depreciation
   $ 116,137      $ 106,383  
  
 
 
    
 
 
 
Summary of depreciation expense included in cost of revenue and selling, general and administrative expenses
The following table summarizes depreciation expense included in “Cost of revenue” and “Selling, general and administrative expenses”:
 
    
Three Months Ended March 31,
 
    
2026
    
2025
 
Cost of revenue
   $ 7,895      $ 4,267  
Selling, general and administrative expenses
     956        1,537  
  
 
 
    
 
 
 
Total depreciation expense
   $ 8,851      $ 5,804  
  
 
 
    
 
 
 
Summary of Accounts payable and accrued expenses
Accounts payable and accrued expenses consisted of the following:
 
    
March 31, 2026
    
December 31,
2025
 
Vendor payables and accrued purchases
   $ 413,186      $ 422,853  
Accrued compensation and benefits
     51,982        73,330  
Restricted Unit Appreciation Plan liability
     39,464        32,854  
Indirect taxes payable
     12,255        11,905  
Accrued professional services
     4,585        8,580  
Accrued warranty
     3,306        4,278  
Deferred acquisition consideration
     —         5,500  
Accrued interest
     120        2,918  
  
 
 
    
 
 
 
Total accounts payable and accrued expenses
   $ 524,898      $ 562,218  
  
 
 
    
 
 
 
Summary of Other long-term liabilities consisted
Other long-term liabilities consisted of the following:
 
    
March 31, 2026
    
December 31,
2025
 
Warranty reserves
     6,969        6,300  
Deferred tax liability
     5,339        5,339  
Deferred compensation liability
     7,725        5,343  
Deferred revenue
     1,289        1,362  
  
 
 
    
 
 
 
Total other long-term liabilities
   $ 21,322      $ 18,344