| Disaggregation of Revenue |
A summary of revenues by customer is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
Nine months ended
September 30, |
|
|
|
|
|
|
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Commercial |
|
|
|
|
|
|
|
$ |
535,080 |
|
|
$ |
282,421 |
|
|
$ |
1,295,143 |
|
|
$ |
808,662 |
|
| Government |
|
|
|
|
|
|
|
5,926 |
|
|
488 |
|
|
19,580 |
|
|
2,431 |
|
| Total |
|
|
|
|
|
|
|
$ |
541,006 |
|
|
$ |
282,909 |
|
|
$ |
1,314,723 |
|
|
$ |
811,093 |
|
A summary of revenues by type is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
Nine months ended
September 30, |
|
|
|
|
|
|
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Repair |
|
|
|
|
|
|
|
$ |
318,024 |
|
|
$ |
106,874 |
|
|
$ |
685,984 |
|
|
$ |
300,904 |
|
Distribution |
|
|
|
|
|
|
|
222,982 |
|
|
176,035 |
|
|
628,739 |
|
|
510,189 |
|
| Total |
|
|
|
|
|
|
|
$ |
541,006 |
|
|
$ |
282,909 |
|
|
$ |
1,314,723 |
|
|
$ |
811,093 |
|
Contract balances were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
Financial Statement Classification |
|
2026 |
|
2025 |
Billed and billable receivables |
|
Receivables, net |
|
$ |
285,227 |
|
|
$ |
190,732 |
|
Contract assets - unbilled receivables |
|
Contract assets |
|
$ |
66,257 |
|
|
$ |
41,468 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
$ |
11,455 |
|
|
$ |
6,891 |
|
|
|
|
|
|
|