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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 655,693 $ 162,573
Accounts receivable, net 3,931 11,539
Inventories 34,206 18,747
Prepaid expenses and other current assets 16,203 31,478
Contract assets 96,573 76,809
Capitalized commissions, net 5,107 6,661
Total current assets 811,713 307,807
Fixed assets, net 49,946 46,293
Right of use assets, net 28,747 24,683
Goodwill 737,385 674,262
Other intangibles, net 414,916 407,925
Other assets 6,347 14,415
Total assets 2,049,054 1,475,385
Current liabilities    
Contract liabilities 28,565 110,275
Accounts payable and accrued expenses 103,654 68,358
Operating lease liabilities, current 4,074 3,260
Income taxes payable 528 672
Long-term debt, current 4,688 3,750
Deferred commissions, current 5,391 5,038
Total current liabilities 146,900 191,353
Operating lease liabilities, less current portion 26,425 23,161
Deferred commissions, less current portion 1,127 2,110
Total long-term debt, net 143,189 144,962
Derivative liability associated with Class P Units 0 93,411
Other liabilities 3,405 3,353
Deferred income tax liability 5,657 6,096
Total liabilities 326,703 464,446
Commitments and contingencies (See Note 13)
Equity    
Class P Units (0 and 240,956,348 units authorized, issued and outstanding at March 31, 2026 and December 31, 2025, respectively; $0 and $241,498 liquidation preference as of March 31, 2026 and December 31, 2025, respectively) 0 143,115
Common units (0 and 50,000,000 authorized, issued and outstanding at March 31, 2026 and December 31, 2025, respectively) 0 1,135,910
Common stock ($0.0001 par value per share; 1,000,000,000 and 0 authorized at March 31, 2026 and December 31, 2025, respectively; 127,609,213 and 0 issued and outstanding at March 31, 2026 and December 31, 2025, respectively) 13 0
Additional paid-in-capital 2,105,387 0
Accumulated other comprehensive income (loss) 815 936
Accumulated deficit (383,864) (269,022)
Total stockholders' equity/member's capital 1,722,351  
Total stockholders' equity/member's capital   867,824
Total liabilities, temporary equity, and stockholders' equity/member's capital $ 2,049,054 $ 1,475,385