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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (includes $119 and $358 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) $ 29,928 $ 24,310
Accounts receivable, net of allowances of $2,454 and $—, respectively (includes $17 and $435 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 31,113 32,013
Restricted cash - current (includes $906 and $972 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 1,077 972
Fuel tax credits receivable 3,264 5,639
Contract assets 12,646 11,075
Parts inventory 12,082 10,294
Prepaid expense and other current assets (includes $1,100 and $144 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 10,984 18,363
Total current assets 122,785 117,188
Property, plant, and equipment, net (includes $30,931 and $25,428 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 484,351 458,258
Investment in other entities 227,545 223,594
Other long-term assets 24,182 23,483
Restricted cash - non-current (includes $2,633 and $2,315 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 3,278 3,946
Goodwill 54,608 54,608
Total assets 916,749 881,077
Current liabilities:    
Fuel tax credits payable 3,069 4,422
Accrued payroll (includes $39 and $45 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 8,611 9,580
Accrued and payable capital expenditures 10,014 23,238
Accrued environmental credit rebates 4,593 5,391
Accrued expenses and other current liabilities (includes $1,148 and $974 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 14,880 14,717
Contract liabilities 8,378 9,276
OPAL Term Loan - current portion 9,349 10,865
Sunoma Loan - current portion (includes $1,861 and $1,756 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 1,861 1,756
Total current liabilities 83,461 103,596
OPAL Term Loan, net of debt issuance costs 313,324 266,630
Sunoma Loan, net of debt issuance costs (includes $17,071 and $18,373 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 17,071 18,373
Operating lease liabilities - non-current portion 11,940 12,155
Other long-term liabilities (includes $1,307 and $2,495 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 8,157 15,291
Total liabilities 433,953 416,045
Commitments and contingencies Note 12
Stockholders' equity (deficit)    
Retained earnings (accumulated deficit) 19,089 (137,004)
Accumulated other comprehensive (loss) income (12) 152
Class A common stock in treasury, at cost; 1,635,783 at September 30, 2025 and December 31, 2024 (11,614) (11,614)
Total Stockholders' equity (deficit) attributable to the Company 7,480 (148,449)
Non-redeemable non-controlling interests 2,788 618
Total Stockholders' equity (deficit) 10,268 (147,831)
Total liabilities, Redeemable preferred non-controlling interests, Redeemable non-controlling interests and Stockholders' equity (deficit) 916,749 881,077
Redeemable preferred non-controlling interests    
Current liabilities:    
Redeemable non-controlling interests 130,000 130,000
Redeemable non-controlling interests    
Current liabilities:    
Redeemable non-controlling interests 342,528 482,863
Class A Common Stock    
Stockholders' equity (deficit)    
Common stock 3 3
Class B Common Stock    
Stockholders' equity (deficit)    
Common stock 12 7
Class C common stock    
Stockholders' equity (deficit)    
Common stock 0 0
Class D Common Stock    
Stockholders' equity (deficit)    
Common stock 2 7
Nonrelated Party    
Current assets:    
Accounts receivable, net of allowances of $2,454 and $—, respectively (includes $17 and $435 at September 30, 2025 and December 31, 2024, respectively, related to consolidated VIEs) 31,113 32,013
Current liabilities:    
Accounts payable 15,281 16,419
Related Party    
Current assets:    
Accounts receivable, related party 21,691 14,522
Current liabilities:    
Accounts payable $ 7,425 $ 7,932