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Organization and Significant Accounting Policies (Tables) | 6 Months Ended
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Nov. 01, 2025
Organization and Significant Accounting Policies |
Schedule of revenue by category | The following tables present the Company’s revenue disaggregated by segment, contract type, customer category and geographic location (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |  | Six Months Ended | ​
​ |  | November 1, | ​ | October 26, |  | November 1, | ​ | October 26, | ​
Revenue by segment | ​ | 2025 |  | 2024 |  | 2025 |  | 2024 | ​
AxS | ​ | $ | 301,573 | ​ | $ | 188,458 | ​ | $ | 586,898 | ​ | $ | 377,941 | ​
SCDE | ​ | ​ | 170,935 | ​ | ​ | — | ​ | ​ | 340,286 | ​ | ​ | — | ​
Total revenue | ​ | $ | 472,508 | ​ | $ | 188,458 | ​ | $ | 927,184 | ​ | $ | 377,941 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ |  | November 1, | ​ | October 26, |  | November 1, | ​ | October 26, | ​
Revenue by contract type | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024 | ​
FFP | ​ | $ | 301,508 | ​ | $ | 168,752 | ​ | $ | 600,485 | ​ | $ | 340,620 | ​
Cost Plus | ​ | ​ | 131,350 | ​ | ​ | 18,810 | ​ | ​ | 250,278 | ​ | ​ | 35,041 | ​
T&M | ​ |  | 39,650 | ​ |  | 896 |  |  | 76,421 | ​ |  | 2,280 | ​
Total revenue | ​ | $ | 472,508 | ​ | $ | 188,458 | ​ | $ | 927,184 | ​ | $ | 377,941 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ |  | November 1, | ​ | October 26, |  | November 1, | ​ | October 26, | ​
Revenue by customer category | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024 | ​
U.S. government | ​ | $ | 397,586 | ​ | $ | 140,715 | ​ | $ | 792,906 | ​ | $ | 289,315 | ​
Non-U.S. government | ​ | ​ | 74,922 | ​ | ​ | 47,743 | ​ | ​ | 134,278 | ​ | ​ | 88,626 | ​
Total revenue | ​ | $ | 472,508 | ​ | $ | 188,458 | ​ | $ | 927,184 | ​ | $ | 377,941 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | November 1, | ​ | October 26, | ​ | November 1, | ​ | October 26, | ​
Revenue by geographic location | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024 | ​
Domestic | ​ | $ | 360,703 | ​ | $ | 86,958 | ​ | $ | 707,738 | ​ | $ | 153,956 | ​
International | ​ | ​ | 111,805 | ​ | ​ | 101,500 | ​ | ​ | 219,446 | ​ | ​ | 223,985 | ​
Total revenue | ​ | $ | 472,508 | ​ | $ | 188,458 | ​ | $ | 927,184 | ​ | $ | 377,941 | ​
Schedule of revenue percentage by recognition method | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | November 1, | ​ | October 26, | ​ | November 1, | ​ | October 26, | ​
Revenue percentage by recognition method | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024 | ​
Over time | ​ | ​ | 73% | ​ | ​ | 58% | ​ | ​ | 74% | ​ | ​ | 50% | ​
Point in time | ​ | ​ | 27% | ​ | ​ | 42% | ​ | ​ | 26% | ​ | ​ | 50% | ​
Total revenue | ​ | ​ | 100% | ​ | ​ | 100% | ​ | ​ | 100% | ​ | ​ | 100% | ​
Schedule of reconciliation of basic to diluted shares | The reconciliation of basic to diluted shares is as follows (in thousands except share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | ​ | Six Months Ended |
​ |  | November 1, 2025 |  | October 26, 2024 |  | November 1, 2025 |  | October 26, 2024 |
Net (loss) income | ​ | $ | (17,103) | ​ | $ | 7,543 | ​ | $ | (84,473) | ​ | $ | 28,709 | ​
Denominator for basic (loss) earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares | ​ |  | 49,723,280 | ​ |  | 28,009,963 |  | ​ | 48,279,447 |  | ​ | 27,985,425 | ​
Dilutive effect of employee stock options, restricted stock and restricted stock units | ​ |  | — | ​ |  | 135,627 |  | ​ | — |  | ​ | 154,517 | ​
Denominator for diluted (loss) earnings per share | ​ | ​ | 49,723,280 | ​ | ​ | 28,145,590 | ​ | ​ | 48,279,447 | ​ | ​ | 28,139,942 | ​

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