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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 27, 2025
Current assets    
Cash and cash equivalents $ 237,813 $ 0
Prepaid and other current assets 55,300 0
Total current assets 902,515 6,655
Property and equipment, net 5,886 0
Restricted cash 6,146 0
Intangible assets, net 402,670 0
Goodwill 2,614,161 1,296,000
Right-of-use assets 32,995 0
Other non-current assets 16,345 0
Total assets 3,980,718 1,302,655
Current liabilities    
Accounts payable 48,540 0
Deferred revenue 68,485 0
Long-term borrowings - current portion 459 0
Current portion of lease liabilities 2,884 0
Total current liabilities 908,040 387,329
Convertible notes, net 229,627 0
Deferred tax liabilities 1,403 0
Lease liabilities 30,262 0
Other long-term liabilities 11,405 0
Total liabilities 1,325,737 387,329
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest 1,843,003 0
Shareholders’ equity:    
Preferred Stock par value $0.0001: 50,000,000 shares and 0 shares authorized at March 31, 2026 and September 27, 2025, respectively; 0 shares issued and outstanding at March 31, 2026 and September 27, 2025, respectively 0 0
Additional paid-in capital 820,224 915,326
Accumulated deficit (8,077) 0
Accumulated other comprehensive loss (180) 0
Total shareholders’ equity 811,978 915,326
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 3,980,718 1,302,655
Common Class A    
Shareholders’ equity:    
Common stock, value 3 0
Common Class B    
Shareholders’ equity:    
Common stock, value 8 0
Nonrelated Party    
Current assets    
Accounts receivable, net 87,660 6,655
Current liabilities    
Accrued expenses and other current liabilities 565,876 370,933
Related party    
Current assets    
Accounts receivable, net 521,742 0
Current liabilities    
Related party current liabilities 221,796 16,396
Notes payable - related party $ 145,000 $ 0