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Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Supplemental Balance Sheets Information

The following table summarizes the lease amounts included in the Company’s consolidated balance sheets as of December 31, 2025 and 2024:

(in thousands)			Classification on the Consolidated Balance Sheets						December 31, 2025						December 31, 2024
Assets
Operating			Operating lease right-of-use assets(1)(2)						$	19,792					$	21,539
Finance			Property and equipment, net(3)(4)						22,002						13,966
Total lease assets									$	41,794					$	35,505
Liabilities
Current
Operating			Current operating lease liabilities						$	4,379					$	4,093
Finance			Current portion of long-term debt						5,031						3,314
Noncurrent
Operating			Long-term operating lease liabilities						15,925						17,766
Finance			Long-term debt(5)						20,890						13,925
Total lease liabilities									$	46,225					$	39,098

(1)    Operating lease assets are recorded net of accumulated amortization of $17.9 million and $14.1 million at December 31, 2025 and 2024, respectively.

(2)    Includes approximately $0.8 million and $0.9 million at December 31, 2025 and 2024, respectively, related to a below-market lease recognized as a result of the Industrial Air Transaction, which was recorded as an increase to the Company’s operating lease right-of-use assets on its consolidated balance sheets. The below-market lease will be amortized to amortization expense over the remaining lease term.

(3)    Finance lease vehicle assets are recorded net of accumulated amortization of $8.2 million and $5.0 million at December 31, 2025 and 2024, respectively.

(4)    Includes approximately $2.2 million and $2.4 million of net property assets associated with the Company's Pontiac Facility at both December 31, 2025 and 2024, respectively.

(5)    Includes approximately $5.4 million associated with the Company's sale and leaseback financing transaction at both December 31, 2025 and 2024. See Note 7 — Debt for further detail.

Schedule of Lease Costs, Terms and Discount Rates

The following table summarizes the lease costs included in the Company’s consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023:

			Classification on the Consolidated						For the Years Ended December 31,
(in thousands)			Statements of Operations						2025						2024						2023
Operating lease cost			Cost of revenue(1)						$	3,395					$	2,863					$	2,184
Operating lease cost			Selling, general and administrative(1)						1,969						2,457						2,550
Finance lease cost
Amortization			Cost of revenue(2)						4,882						3,147						2,753
Interest			Interest expense, net						937						515						384
Total lease cost									$	11,183					$	8,982					$	7,871

(1)    Operating lease costs recorded in cost of revenue includes $0.7 million, $0.4 million and $0.4 million of variable lease costs for the years ended December 31, 2025, 2024 and 2023 respectively. In addition, $0.4 million, $0.4 million and $0.5 million of variable lease costs are included in selling, general and administrative expenses for the years ended December 31, 2025, 2024 and 2023, respectively. These variable costs consist of the Company’s proportionate share of operating expenses, real estate taxes and utilities.

(2)    Finance lease costs recorded in cost of revenue includes $3.6 million, $4.0 million and $3.7 million of variable leases costs for the years ended December 31, 2025, 2024, and 2023 respectively. These variable lease costs consist of fuel, maintenance, and sales tax charges.

The following is a summary of the lease terms and discount rates as of:

			December 31, 2025						December 31, 2024
Weighted average lease term (in years):
Operating			5.43						5.90
Finance(1)			3.95						3.84
Weighted average discount rate:
Operating			6.18		%				6.02		%
Finance(1)			5.41		%				6.06		%

(1)     Excludes the weighted average lease term and weighted average discount rate associated with the aforementioned sale-leaseback financing transaction, which has a Primary Term of 25 years and utilized an implicit rate of 11.11%. See Note 7 – Debt for further detail.

Schedule of Future Minimum Commitment for Finance Leases

The future undiscounted minimum finance lease payments, as reconciled to the discounted minimum lease obligation indicated on the Company’s consolidated balance sheets within current and long-term debt, less interest, and under current and long-term operating leases, less imputed interest, as of December 31, 2025 were as follows (in thousands):

						Finance Lease Obligations																		Operating Lease Obligations
Year ending:						Vehicles						Pontiac Facility						Total Finance						Non-Related Party						Related Party(1)						Total Operating						Sublease Receipts(2)
2026						$	5,959					$	542					$	6,501					$	4,676					$	770					$	5,446					$	1,133
2027						5,169						555						5,724						3,998						871						4,869						495
2028						4,478						569						5,047						3,176						871						4,047						14
2029						4,646						583						5,229						2,502						876						3,378						—
2030						2,682						597						3,279						1,228						887						2,115						—
Thereafter						2						12,552						12,554						738						3,234						3,972						—
Total minimum lease payments						22,936						15,398						38,334						16,318						7,509						23,827						$	1,642
Financing component (3)						(2,366)						(10,047)						(12,413)						(2,042)						(1,481)						(3,523)
Net present value of minimum lease payments						20,570						5,351						25,921						14,276						6,028						20,304
Less: current portion of finance and operating lease obligations						(5,031)						—						(5,031)						(3,915)						(464)						(4,379)
Long-term finance and operating lease obligations						$	15,539					$	5,351					$	20,890					$	10,361					$	5,564					$	15,925

(1)    Associated with the aforementioned related party leases entered into with former members of JMLLC, ACME and Industrial Air.

(2)    Primarily associated with the aforementioned third-party sublease agreement.

(3)     The financing component for finance lease obligations represents the interest component of finance leases that will be recognized as interest expense in future periods. The financing component for operating lease obligations represents the effect of discounting the lease payments to their present value.

Schedule of Future Minimum Commitment for Operating Leases

The future undiscounted minimum finance lease payments, as reconciled to the discounted minimum lease obligation indicated on the Company’s consolidated balance sheets within current and long-term debt, less interest, and under current and long-term operating leases, less imputed interest, as of December 31, 2025 were as follows (in thousands):

						Finance Lease Obligations																		Operating Lease Obligations
Year ending:						Vehicles						Pontiac Facility						Total Finance						Non-Related Party						Related Party(1)						Total Operating						Sublease Receipts(2)
2026						$	5,959					$	542					$	6,501					$	4,676					$	770					$	5,446					$	1,133
2027						5,169						555						5,724						3,998						871						4,869						495
2028						4,478						569						5,047						3,176						871						4,047						14
2029						4,646						583						5,229						2,502						876						3,378						—
2030						2,682						597						3,279						1,228						887						2,115						—
Thereafter						2						12,552						12,554						738						3,234						3,972						—
Total minimum lease payments						22,936						15,398						38,334						16,318						7,509						23,827						$	1,642
Financing component (3)						(2,366)						(10,047)						(12,413)						(2,042)						(1,481)						(3,523)
Net present value of minimum lease payments						20,570						5,351						25,921						14,276						6,028						20,304
Less: current portion of finance and operating lease obligations						(5,031)						—						(5,031)						(3,915)						(464)						(4,379)
Long-term finance and operating lease obligations						$	15,539					$	5,351					$	20,890					$	10,361					$	5,564					$	15,925

(1)    Associated with the aforementioned related party leases entered into with former members of JMLLC, ACME and Industrial Air.

(2)    Primarily associated with the aforementioned third-party sublease agreement.

(3)     The financing component for finance lease obligations represents the interest component of finance leases that will be recognized as interest expense in future periods. The financing component for operating lease obligations represents the effect of discounting the lease payments to their present value.

Schedule of Supplemental Cash Flow Information

The following is a summary of other information and supplemental cash flow information related to finance and operating leases:

			Year Ended December 31,
(in thousands)			2025						2024						2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases			$	5,287					$	5,065					$	4,705
Operating cash flows from finance leases			940						504						343
Financing cash flows from finance leases			4,367						2,938						2,737
Right-of-use assets exchanged for lease liabilities
Operating leases			2,446						4,775						3,135
Finance leases			13,529						7,586						5,219
Right-of-use assets disposed or adjusted modifying operating leases liabilities			—						1,268						1,112
Right-of-use assets disposed or adjusted modifying finance leases liabilities			49						—						(93)

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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