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Consolidated Balance Sheets Details | 12 Months Ended
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Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Consolidated Balance Sheets Details | Consolidated Balance Sheets Details Inventories, net Inventories consist of the following (in thousands):
| December 31,
| 2025 |  | 2024
Raw materials | $ | 47,613 |  |  | $ | 60,588 |
Work in process | 2,195 |  |  | — |
Finished goods | 100,566 |  |  | 140,230 |
Total | $ | 150,374 |  |  | $ | 200,818 |
The Company values inventory using costing methods that approximate first-in, first-out (“FIFO”). During the fourth quarter of 2025, the Company approved a plan to phase out a version of the H250 product that was not compatible with SmarTrack® in order to focus on a SmarTrack®-compatible version introduced in 2024. In connection with this decision, the Company evaluated the recoverability of the remaining H250 inventory and determined that its carrying amount exceeded its estimated net realizable value. Accordingly, the Company recorded an inventory valuation charge of $29.5 million during the year ended December 31, 2025. This charge is included within the STI Operations reporting unit and is recorded within Inventory valuation charge in the consolidated statements of operations. Prepaid expenses and other current assets The following table shows the components of Prepaid expenses and other current assets (in thousands):
| December 31,
| 2025 |  | 2024
IRA vendor rebates | $ | 152,036 |  |  | $ | 115,458 |
Prepaid taxes | 27,319 |  |  | 14,650 |
Other | 21,753 |  |  | 27,819 |
Total prepaid expenses and other current assets | $ | 201,108 |  |  | $ | 157,927 |
Contingent consideration The following table shows the components of contingent consideration (in thousands):
| December 31,
| 2025 |  | 2024
Current portion of contingent consideration |  |  |
TRA | $ | 2,757 |  |  | $ | 1,193 |
Earnout Consideration | 11,794 |  |  | — |
Total current portion of contingent consideration | $ | 14,551 |  |  | $ | 1,193 |
Contingent consideration, net of current portion |  |  |
TRA | $ | 5,495 |  |  | $ | 7,868 |
Earnout Consideration | 7,244 |  |  | — |
Total contingent consideration, net of current portion | $ | 12,739 |  |  | $ | 7,868 |
Accrued Expenses and Other Accrued expenses and other consisted of the following (in thousands):
| December 31,
| 2025 |  | 2024
Accrued payables | $ | 12,332 |  |  | $ | 46,043 |
Accrued payroll expenses | 17,135 |  |  | 13,068 |
Accrued interest | 5,564 |  |  | 692 |
Non-income taxes payable | 1,853 |  |  | 4,019 |
Other | 17,405 |  |  | 27,361 |
Accrued expenses and other | $ | 54,289 |  |  | $ | 91,183 |
During the fourth quarter of 2025, the Company approved a plan to resize certain aspects of its international operations to better align its cost structure with future business needs. As a result, the Company recognized severance expenses of $1.2 million during the year ended December 31, 2025, in accordance with respective statutory requirements. These charges are included within the STI Operations reporting unit and are recorded within General and administrative expenses in the consolidated statements of operations. The Company’s severance liabilities totaled $1.2 million as of December 31, 2025 and are included in Accrued expenses and other in the Company’s consolidated balance sheets. The Company expects the reorganization to be substantially complete in 2026.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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