XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 29, 2024
Sep. 30, 2024
Sep. 30, 2025
Jul. 29, 2024
Sep. 30, 2025
Revenue   $ 201,485 $ 473,888   $ 1,022,028
Cost of revenue   152,281 321,161   751,531
Gross profit   49,204 152,727   270,497
Selling, general and administrative expenses   103,835 140,485   248,179
Transaction costs   24,554 18,755   19,920
Income (loss) from operations   (79,185) (6,513)   2,398
Interest expense, net   13,336 26,521   57,979
Loss on extinguishment of debt   0 0   0
Other income, net   (600) (2,585)   (4,481)
Loss before income tax benefit   (91,921) (30,449)   (51,100)
Income tax benefit $ (4,000) (2,097) (16,559)   (11,184)
Net loss   (89,824) (13,890)   (39,916)
Foreign currency translation adjustment   10,898 (18,135)   32,802
Total other comprehensive income (loss)   10,898 (18,135)   32,802
Total comprehensive loss   $ (78,926) $ (32,025)   $ (7,114)
Basic and diluted loss per share:          
Diluted loss per common stock and Series A Preferred Stock (in dollars per share)     $ (0.08)    
Predecessor          
Revenue 101,512     $ 633,866  
Cost of revenue 75,994     471,881  
Gross profit 25,518     161,985  
Selling, general and administrative expenses 18,645     121,369  
Transaction costs 5,204     5,204  
Income (loss) from operations 1,669     35,412  
Interest expense, net 5,828     39,379  
Loss on extinguishment of debt 9,073     9,073  
Other income, net (294)     (580)  
Loss before income tax benefit (12,938)     (12,460)  
Income tax benefit (3,956)     3,243  
Net loss (8,982)     (15,703)  
Foreign currency translation adjustment (5,166)     (18,004)  
Total other comprehensive income (loss) (5,166)     (18,004)  
Total comprehensive loss $ (14,148)     $ (33,707)  
Common Stock          
Basic and diluted loss per share:          
Basic loss per common stock and Series A Preferred Stock (in dollars per share)   $ (0.73) (0.08)   $ (0.29)
Diluted loss per common stock and Series A Preferred Stock (in dollars per share)   $ (0.73) $ (0.08)   $ (0.29)
Weighted-average shares outstanding:          
Weighted average common stock stock and Series A Preferred Stock outstanding – basic (in shares)   121,412,515 167,229,501   136,894,905
Weighted average common stock stock and Series A Preferred Stock outstanding, diluted (in shares)   122,412,515 168,229,501   137,894,905
Common Stock | Predecessor          
Basic and diluted loss per share:          
Basic loss per common stock and Series A Preferred Stock (in dollars per share) $ (1.79)     $ (3.13)  
Diluted loss per common stock and Series A Preferred Stock (in dollars per share) $ (1.79)     $ (3.13)  
Weighted-average shares outstanding:          
Weighted average common stock stock and Series A Preferred Stock outstanding – basic (in shares) 5,024,802     5,024,802  
Weighted average common stock stock and Series A Preferred Stock outstanding, diluted (in shares) 5,024,802     5,024,802  
Series A Preferred Stock          
Basic and diluted loss per share:          
Basic loss per common stock and Series A Preferred Stock (in dollars per share)   $ (0.73) $ (0.08)   $ (0.29)
Diluted loss per common stock and Series A Preferred Stock (in dollars per share)   $ (0.73) $ (0.08)   $ (0.29)
Weighted-average shares outstanding:          
Weighted average common stock stock and Series A Preferred Stock outstanding – basic (in shares)   1,000,000 1,000,000   1,000,000
Weighted average common stock stock and Series A Preferred Stock outstanding, diluted (in shares)   1,000,000 1,000,000   1,000,000
Series A Preferred Stock | Predecessor          
Basic and diluted loss per share:          
Basic loss per common stock and Series A Preferred Stock (in dollars per share) $ 0     $ 0  
Diluted loss per common stock and Series A Preferred Stock (in dollars per share) $ 0     $ 0  
Weighted-average shares outstanding:          
Weighted average common stock stock and Series A Preferred Stock outstanding – basic (in shares) 0     0  
Weighted average common stock stock and Series A Preferred Stock outstanding, diluted (in shares) 0     0