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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 833.0 $ 671.4
Accounts receivable, net 31.3 80.0
Inventories 320.5 161.6
Deferred costs associated with deferred revenue 47.7 63.9
Other current assets 18.1 38.3
Total current assets 1,250.6 1,015.2
Property, Plant and Equipment, Net 14.9 9.4
Deposits for financial assurance 2.6 2.6
Intangible assets, net 24.8 29.6
Deferred Tax Assets, Net 13.9 29.3
Other long-term assets 8.0 7.3
Total Assets 1,314.8 1,093.4
Current Liabilities    
Accounts payable and accrued liabilities 33.1 38.8
Accounts payable under purchase agreements 127.1 29.5
Inventories owed to customers and suppliers 127.4 16.2
Contract with Customer, Liability, Current 154.8 216.4
Convertible senior notes (Predecessor) 39.8 39.8
Current debt 0.0 6.1
Total current liabilities 482.2 346.8
Long-term debt 390.0 472.5
Postretirement health and life benefit obligations 70.9 74.6
Pension benefit liabilities 3.9 4.0
Long-term SWU Loan 0.0 26.2
Other long-term liabilities 8.7 7.9
Liabilities 955.7 932.0
Commitments and contingencies (Note 11)
Stockholders' Deficit    
Preferred stock 0.0 0.0
Excess of capital over par value 378.1 236.5
Accumulated deficit (20.2) (76.3)
Accumulated other comprehensive income (loss), net of tax (0.6) (0.5)
Stockholders' Equity 359.1 161.4
Total Liabilities and Stockholders’ Equity (Deficit) $ 1,314.8 $ 1,093.4
Common Class A [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 17,488,642 16,045,916
Common stock $ 1.7 $ 1.6
Common Class B [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 719,200 719,200
Common stock $ 0.1 $ 0.1