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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Summary of Revenues Disaggregation | The following tables present our revenues disaggregated by category and by geography:
|  | Three Months Ended September 30, 2025 |  |  | Three Months Ended September 30, 2024 |
(in thousands) |  | NAM |  |  | INTL & Offshore |  |  | Total |  |  | NAM |  |  | INTL & Offshore |  |  | Total |
Product revenues |  | $ | 86,597 |  |  | $ | 79,205 |  |  | $ | 165,802 |  |  | $ | 79,668 |  |  | $ | 46,975 |  |  | $ | 126,643 |
Service revenues |  |  | 17,218 |  |  |  | 14,592 |  |  |  | 31,810 |  |  |  | 13,411 |  |  |  | 2,363 |  |  |  | 15,774 |
Rental revenues |  |  | 28,114 |  |  |  | 14,274 |  |  |  | 42,388 |  |  |  | 5,228 |  |  |  | 4,172 |  |  |  | 9,400 |
Total revenues |  | $ | 131,929 |  |  | $ | 108,071 |  |  | $ | 240,000 |  |  | $ | 98,307 |  |  | $ | 53,510 |  |  | $ | 151,817 |
|  | Nine Months Ended September 30, 2025 |  |  | Nine Months Ended September 30, 2024 |
(in thousands) |  | NAM |  |  | INTL & Offshore |  |  | Total |  |  | NAM |  |  | INTL & Offshore |  |  | Total |
Product revenues |  | $ | 239,219 |  |  | $ | 243,382 |  |  | $ | 482,601 |  |  | $ | 211,405 |  |  | $ | 131,917 |  |  | $ | 343,322 |
Service revenues |  |  | 49,868 |  |  |  | 47,785 |  |  |  | 97,653 |  |  |  | 37,698 |  |  |  | 5,976 |  |  |  | 43,674 |
Rental revenues |  |  | 83,326 |  |  |  | 41,069 |  |  |  | 124,395 |  |  |  | 9,182 |  |  |  | 13,938 |  |  |  | 23,120 |
Total revenues |  | $ | 372,413 |  |  | $ | 332,236 |  |  | $ | 704,649 |  |  | $ | 258,285 |  |  | $ | 151,831 |  |  | $ | 410,116 |
Schedule of Changes in Allowance for Credit Losses | The changes in allowance for credit losses during the nine months ended September 30, 2025 and 2024 were as follows:
|  | September 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Balance at January 1 |  | $ | 63,875 |  |  | $ | 5,015 |
Allowance pertaining to the receivables acquired as part of the Merger |  |  | — |  |  |  | 72,685 |
Provision for (recovery of) credit losses |  |  | (13,198 | ) |  |  | 1,323 |
Write-offs charged against allowance |  |  | (30,452 | ) |  |  | (2,434 | )
Balance at September 30 |  | $ | 20,225 |  |  | $ | 76,589 |
Schedule of Contract Asset and Liability | Balances related to contracts with customers consisted of the following: Contract Assets (amounts shown in thousands)
Contract assets at December 31, 2024 |  |  |  | $ | 5,062 |
Additions |  |  |  |  | 705 |
Transfers to Trade receivables, net |  |  |  |  | (2,781 | )
Contract assets at September 30, 2025 |  |  |  | $ | 2,986 |
Contract liabilities (amounts shown in thousands)
Contract liabilities at December 31, 2024 |  |  |  | $ | 13,463 |
Additions |  |  |  |  | 8,453 |
Revenue recognized |  |  |  |  | (11,630 | )
Contract liabilities at September 30, 2025 |  |  |  | $ | 10,286 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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