Concentration of Risk and Enterprise-Wide Disclosures

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

Concentration of Risk and Enterprise Wide Disclosures

4.Concentration of Risk and Enterprise-Wide Disclosures

Accounts receivable include amounts billed to governmental agencies and private customers and do not bear interest. Balances billed to customers but not paid pursuant to retainage provisions generally become payable upon contract completion and acceptance by the owner.

The table below presents the concentrations of current receivables (trade and retainage) at December 31, 2025 and December 31, 2024, respectively:

	December 31, 2025				December 31, 2024
Federal Government	$	51,057	23	%	$	19,874	14	%
State Governments		14,008	6	%		9,553	7	%
Local Governments		23,453	10	%		24,641	17	%
Private Companies		139,832	61	%		88,424	62	%
Gross receivables		228,350	100	%		142,492	100	%
Allowance for credit losses		(3,461)				(555)
Net receivables	$	224,889			$	141,937

At December 31, 2025, the United States Navy, which is included in the Federal Government category and is a customer in the Private Companies category, accounted for 20% and 12%, respectively, of total current receivables. At December 31, 2024, the United States Navy accounted for 11% of total current receivables.