Accounts receivable, net

6 Months Ended

Jun. 30, 2025

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Accounts receivable, net

. Accounts receivable, net

Accounts receivable consisted of the following:

(in thousands)	June 30, 2025			December 31, 2024
Trade receivables	$	23,239		$	22,369
Related party receivables		4,005			3,121
Revenue recognized in excess of billings		20,133			15,936
Other receivables		180			—
Total		47,557			41,426
Allowance for credit losses		(1,909	)		(1,717	)
Accounts receivable, net	$	45,648		$	39,709

Information about our related party receivables at June 30, 2025, may be found below in Note 16, "Related party transactions".

Activity in the allowance for credit losses during the three and six months ended June 30, 2025 and 2024 was as follows:

	Three months ended June 30,					Six months ended June 30,
(in thousands)	2025		2024			2025		2024
Balance at beginning of period	$	1,625	$	9,227		$	1,717	$	8,557
Amounts charged to earnings during the period		284		(83	)		192		587
Write-offs of accounts		—		(8,912	)		—		(8,912	)
Balance at end of period	$	1,909	$	232		$	1,909	$	232