XML 38 R13.htm IDEA: XBRL DOCUMENT v3.25.4
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
As of December 31,
20252024
Buildings, structures and recharge sites
$209,556 $194,103 
Machinery and equipment 94,137 79,639 
Leasehold and land improvements
33,667 27,720 
Vehicles and aviation 26,512 15,546 
Computer equipment and software
18,413 12,194 
Construction in progress 20,580 22,914 
402,865 352,116 
Less: accumulated depreciation (54,325)(32,528)
Property and equipment, net$348,540 $319,588 
Depreciation expense for the years ended December 31, 2025, 2024 and 2023 was $22,026, $16,464 and $8,618, respectively.
As of December 31, 2025 and 2024 the Company had assets held for sale of $0 and $852 included within prepaid expenses and other current assets. In the years ended December 31, 2025 and 2024, the Company disposed of $4,781 and $5,068 of property and equipment, net.