7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
      
    		                                   
      assets
    		                                   
      current assets:
    		                                   
      cash and cash equivalents
    		196,096,000 147,651,000 108,453,000 77,560,000 206,088,000 122,020,000 149,520,000 136,309,000 114,379,000 210,083,000 64,267,000 105,204,000 51,576,000 86,392,000 93,377,000 101,283,000 128,247,000 147,346,000 249,605,000 120,259,000 129,158,000 113,239,000 113,583,000 131,513,000 135,564,000 92,247,000 91,484,000 65,048,194 7,533 168,794 1,671,071 826,201 626,193 1,082,494 1,236,089 
      restricted cash
    		4,203,000 6,274,000 6,078,000 3,594,000 7,125,000 3,378,000 3,708,000 3,413,000 3,951,000 3,416,000 3,550,000 3,911,000 4,053,000 4,169,000 4,016,000 3,149,000 2,945,000 3,159,000 819,000 633,000 549,000 711,000 1,510,000 917,000 2,156,000 1,743,000 1,704,000 2,033,186        
      accounts receivable
    		228,756,000 217,359,000 212,109,000 206,503,000 194,587,000 210,207,000 181,961,000 197,824,000 191,753,000 179,944,000 178,251,000 163,786,000 175,153,000 172,816,000 171,906,000 160,979,000 174,463,000 214,925,000 192,985,000 168,783,000 141,019,000 125,252,000 109,839,000 93,514,000 108,682,000 106,261,000 94,630,000 87,510,691        
      unbilled receivables
    		59,205,000 51,426,000 46,776,000 48,193,000 51,100,000 44,151,000 43,323,000 37,065,000 40,069,000 36,843,000 34,184,000 30,782,000 32,784,000 33,830,000 39,484,000 29,109,000 27,422,000 23,871,000 14,881,000 14,045,000 16,145,000 12,532,000 16,358,000 20,003,000 15,073,000 13,571,000 16,753,000 12,955,507        
      inventory
    		21,695,000 16,090,000 15,950,000 15,502,000 18,708,000 17,165,000 17,298,000 17,966,000 19,943,000 19,791,000 18,923,000 19,307,000 17,922,000 16,549,000 15,451,000 12,093,000                    
      prepaid expenses and other current assets
    		47,873,000 36,335,000 36,685,000 42,647,000 51,407,000 52,721,000 42,772,000 46,961,000 41,197,000 92,509,000 33,258,000 39,604,000 35,955,000 34,615,000 38,745,000 41,456,000 39,054,000 32,255,000 24,509,000 24,317,000 24,714,000 18,964,000 24,616,000 26,491,000 26,623,000 21,646,000 19,012,000 17,600,270        
      total current assets
    		557,828,000 475,135,000 426,051,000 393,999,000 529,015,000 449,642,000 438,582,000 439,538,000 411,292,000 542,586,000 332,433,000 362,594,000 317,443,000 348,371,000 362,979,000 348,069,000 372,131,000 421,556,000 482,799,000 328,037,000 311,585,000 270,698,000 265,906,000 272,438,000 288,098,000 235,468,000 223,583,000 185,147,848 203,749 432,635 1,830,276 961,782 827,198 1,337,446 1,510,563 
      installation and service parts
    		27,590,000 34,571,000 32,993,000 36,631,000 30,134,000 23,347,000 21,844,000 22,895,000 26,127,000 25,393,000 26,481,000 22,923,000 19,024,000 15,381,000 15,491,000 13,332,000 10,596,000 10,186,000 8,597,000 7,944,000 6,916,000 8,672,000 8,022,000 8,841,000 7,936,000 10,028,000 10,822,000 9,282,064        
      property and equipment
    		195,793,000 177,804,000 154,108,000 141,601,000 136,815,000 133,314,000 126,975,000 123,248,000 117,827,000 114,467,000 111,376,000 109,775,000 105,268,000 102,755,000 99,351,000 96,066,000 95,786,000 94,308,000 67,741,000 70,284,000 73,155,000 73,604,000 73,631,000 72,266,000 69,481,000 65,907,000 71,686,000 69,242,811        
      operating lease assets
    		35,813,000 20,226,000 30,013,000 29,895,000 30,710,000 30,346,000 31,599,000 33,523,000 35,299,000 37,170,000 38,012,000 37,593,000 36,399,000 38,146,000 39,944,000 38,862,000 32,960,000 34,662,000 30,172,000 29,787,000 30,548,000 30,933,000 31,789,000 32,177,000            
      intangible assets
    		185,205,000 200,917,000 216,013,000 232,297,000 251,327,000 266,971,000 283,412,000 301,025,000 315,754,000 335,781,000 355,678,000 377,420,000 399,992,000 429,813,000 460,083,000 487,299,000 317,031,000 340,637,000 319,149,000 342,139,000 363,526,000 386,363,000 409,957,000 434,443,000 444,506,000 468,213,000 491,853,000 514,541,531        
      goodwill
    		741,450,000 742,390,000 737,572,000 735,615,000 838,151,000 834,745,000 834,591,000 835,835,000 832,817,000 835,323,000 834,299,000 833,480,000 827,694,000 832,811,000 837,910,000 838,867,000 637,739,000 641,517,000 586,220,000 586,435,000 583,341,000 581,615,000 581,730,000 584,150,000 563,452,000 564,638,000 565,596,000 564,723,498        
      other non-current assets
    		34,662,000 44,389,000 46,350,000 44,451,000 34,429,000 34,632,000 32,855,000 33,919,000 16,959,000 15,440,000 12,612,000 12,484,000 12,513,000 12,583,000 8,727,000 14,561,000 15,673,000 16,325,000 2,535,000 2,699,000 2,900,000 3,237,000 3,094,000 3,111,000 2,386,000 2,197,000 2,072,000 1,845,443        
      total assets
    		1,778,341,000 1,695,432,000 1,643,100,000 1,614,489,000 1,850,581,000 1,772,997,000 1,769,858,000 1,789,983,000 1,756,075,000 1,906,160,000 1,710,891,000 1,756,269,000 1,718,333,000 1,779,860,000 1,824,485,000 1,837,056,000 1,481,916,000 1,559,191,000 1,497,213,000 1,367,325,000 1,371,971,000 1,355,122,000 1,374,129,000 1,407,426,000 1,375,859,000 1,346,451,000 1,365,612,000 1,344,783,195 406,197,116 405,044,580 404,775,528 403,697,597 402,869,391 402,398,683 401,845,957 
      liabilities and stockholders' equity
    		                                   
      current liabilities:
    		                                   
      accounts payable
    		122,033,000 111,448,000 89,835,000 91,224,000 100,225,000 84,888,000 75,573,000 78,749,000 89,760,000 78,410,000 71,475,000 79,869,000 69,135,000 69,107,000 63,049,000 67,556,000 48,632,000 47,403,000 41,334,000 34,509,000 45,601,000 36,346,000 39,198,000 50,825,000 57,194,000 49,318,000 52,239,000 45,188,357        
      deferred revenue
    		29,299,000 29,808,000 26,290,000 29,374,000 30,204,000 26,402,000 24,707,000 28,788,000 34,322,000 36,744,000 31,105,000 31,164,000 32,758,000 29,743,000 27,369,000 27,141,000                    
      accrued liabilities
    		71,222,000 61,586,000 73,538,000 73,980,000 66,966,000 58,911,000 54,067,000 93,119,000 59,459,000 51,642,000 52,044,000 48,847,000 45,068,000 49,596,000 46,668,000 38,435,000 53,663,000 44,728,000 17,394,000 15,636,000 17,309,000 19,570,000 23,701,000 25,277,000 24,020,000 20,295,000 30,448,000 14,443,967        
      tax receivable agreement liability, current portion
    		5,340,000 5,163,000 5,163,000 5,163,000 5,098,000 5,098,000 5,098,000 5,098,000 5,007,000 4,994,000 4,994,000 4,994,000 5,107,000 5,107,000                      
      total current liabilities
    		227,894,000 208,005,000 194,826,000 199,741,000 202,493,000 175,299,000 159,445,000 214,773,000 197,567,000 180,809,000 168,637,000 186,809,000 161,087,000 165,505,000 154,145,000 175,191,000 116,930,000 106,743,000 70,430,000 64,040,000 72,014,000 65,020,000 72,003,000 104,881,000 90,318,000 78,717,000 91,791,000 68,735,842 4,942,958 3,097,932 1,271,021 198,119 109,538 442,748 431,965 
      long-term debt
    		1,029,938,000 1,031,430,000 1,032,844,000                                 
      operating lease liabilities, net of current portion
    		29,987,000 14,291,000 25,820,000 25,757,000 26,873,000 26,666,000 27,702,000 29,124,000 30,552,000 32,331,000 33,338,000 33,362,000 32,692,000 34,347,000 35,850,000 34,984,000 31,570,000 32,720,000 28,447,000 27,986,000 28,723,000 29,240,000 29,917,000 30,130,000            
      tax receivable agreement liability, net of current portion
    		37,800,000 37,977,000 42,977,000 42,977,000 48,369,000 48,369,000 48,369,000 48,369,000 50,900,000 50,900,000 50,900,000 50,900,000 55,650,000 55,650,000                      
      asset retirement obligations
    		17,453,000 17,178,000 15,838,000 15,493,000 15,208,000 15,258,000 14,980,000 14,580,000 14,075,000 13,729,000 13,411,000 12,993,000                        
      deferred tax liabilities
    		14,081,000 15,670,000 14,486,000 14,699,000 16,886,000 16,835,000 17,536,000 18,360,000 19,015,000 20,583,000 20,920,000 21,149,000 18,635,000 21,829,000 28,286,000 47,524,000 12,378,000 20,790,000 21,316,000 21,148,000 21,514,000 22,691,000 24,472,000 25,716,000 24,052,000 22,039,000 32,647,000 33,627,191        
      other long-term liabilities
    		18,040,000 18,779,000 16,734,000 16,486,000 17,032,000 15,605,000 15,131,000 14,197,000 9,559,000 7,386,000 7,198,000 5,875,000 5,352,000 5,492,000 13,266,000 5,686,000 1,040,000 1,059,000 551,000 494,000 163,000 247,000 269,000 2,183,000 2,872,000 3,764,000 3,633,000 3,368,710        
      total liabilities
    		1,375,193,000 1,343,330,000 1,343,525,000 1,349,364,000 1,364,035,000 1,334,370,000 1,320,863,000 1,368,516,000 1,352,019,000 1,440,860,000 1,473,783,000 1,525,199,000 1,523,442,000 1,535,637,000 1,548,670,000 1,577,092,000 1,238,250,000 1,242,766,000 1,188,695,000 1,020,887,000 1,028,049,000 1,023,372,000 1,029,729,000 1,068,079,000 1,048,268,000 1,036,623,000 1,060,791,000 1,042,727,063 18,947,438 17,102,412 15,285,072 15,009,045 14,657,120 14,442,748 14,431,965 
      commitments and contingencies
    		                                   
      stockholders' equity
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at september 30, 2025 and december 31, 2024
    		                                   
      common stock
    		16,000 16,000 16,000 16,000 16,000 16,000 17,000 17,000 17,000 17,000 15,000 15,000 15,000 15,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 15,606        
      additional paid-in capital
    		562,172,000 557,169,000 549,603,000 551,955,000 564,491,000 556,494,000 557,363,000 557,513,000 549,374,000 533,626,000 306,974,000 305,423,000 307,471,000 311,252,000 312,986,000 309,883,000 311,003,000 379,235,000 375,671,000 393,995,000 394,259,000 391,240,000 387,994,000 367,266,000 369,670,000 367,995,000 346,895,000 348,017,132 5,054,157       
      accumulated deficit
    		-149,204,000 -196,037,000 -234,612,000 -269,287,000 -71,149,000 -105,881,000 -94,949,000 -125,887,000 -128,909,000 -74,393,000 -93,501,000 -98,078,000 -128,236,000 -90,852,000 -71,376,000 -81,416,000 -100,482,000 -99,773,000 -103,765,000 -84,359,000 -82,943,000 -89,629,000 -74,241,000 -80,220,000 -89,400,000 -107,152,000          
      accumulated other comprehensive loss
    		-9,836,000 -9,046,000 -15,432,000 -17,559,000 -6,812,000 -12,002,000 -13,436,000 -10,176,000 -16,426,000 -12,237,000 -12,955,000 -12,865,000 -20,934,000 -12,767,000 -2,386,000      -3,985,000 -6,452,000 -5,944,000 -2,577,000 -7,557,000 -5,893,000 -4,497,000 -5,820,312        
      total stockholders' equity
    		403,148,000 352,102,000 299,575,000 265,125,000 486,546,000 438,627,000 448,995,000 421,467,000 404,056,000 465,300,000 237,108,000 231,070,000 194,891,000 244,223,000 275,815,000 259,964,000 243,666,000 316,425,000 308,518,000 346,438,000 343,922,000 331,750,000 344,400,000 339,347,000 327,591,000 309,828,000 304,821,000 302,056,132 5,000,008       
      total liabilities and stockholders' equity
    		1,778,341,000 1,695,432,000 1,643,100,000 1,614,489,000 1,850,581,000 1,772,997,000 1,769,858,000 1,789,983,000 1,756,075,000 1,906,160,000 1,710,891,000 1,756,269,000 1,718,333,000 1,779,860,000 1,824,485,000 1,837,056,000 1,481,916,000 1,559,191,000 1,497,213,000 1,367,325,000 1,371,971,000 1,355,122,000 1,374,129,000 1,407,426,000 1,375,859,000 1,346,451,000 1,365,612,000 1,344,783,195 406,197,116       
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at june 30, 2025 and december 31, 2024
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at march 31, 2025 and december 31, 2024
    		                                   
      current portion of long-term debt
    		       9,019,000 9,019,000 9,019,000 9,019,000 21,935,000 9,019,000 11,952,000 11,952,000 36,952,000 9,433,000 9,410,000 6,500,000 9,104,000 9,104,000 9,104,000 9,104,000 28,779,000 9,104,000 9,104,000 9,104,000 9,103,518        
      long-term debt, net of current portion
    		   1,034,211,000 1,037,174,000 1,036,338,000 1,037,700,000 1,029,113,000 1,030,351,000 1,129,692,000 1,140,712,000 1,190,045,000 1,204,006,000 1,205,169,000 1,206,276,000 1,206,802,000 965,362,000 966,066,000 965,945,000 832,941,000 833,624,000               
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at december 31, 2024 and 2023
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at september 30, 2024 and december 31, 2023
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at june 30, 2024 and december 31, 2023
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at march 31, 2024 and december 31, 2023
    		                                   
      private placement warrant liabilities
    		         5,430,000 38,667,000 24,066,000 33,333,000 35,600,000 42,200,000 38,466,000 35,933,000 41,000,000 32,933,000                 
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at december 31, 2023 and 2022
    		                                   
      common stock contingent consideration
    		         18,287,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 36,575,000 54,862,000 54,862,000 54,862,000 73,150,000 73,150,000        
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at september 30, 2023 and december 31, 2022
    		                                   
      preferred stock, 0.0001 par value
    		                                   
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at december 31, 2022 and 2021
    		                                   
      asset retirement obligation
    		            12,687,000 12,045,000 12,032,000 11,824,000 10,708,000 10,059,000 6,406,000 6,409,000 6,391,000 6,237,000 6,387,000 6,309,000 6,740,000 6,873,000 6,855,000 6,749,822        
      payable to related party pursuant to tax receivable agreement, current portion
    		              5,107,000 5,107,000 5,202,000 5,202,000 5,202,000 4,791,000                
      payable to related party pursuant to tax receivable agreement, net of current portion
    		              56,615,000 56,615,000 64,329,000 64,329,000 62,667,000 67,869,000                
      preferred stock, 0.0001 par value, 1,000 shares authorized with no shares issued and outstanding at december 31, 2021 and 2020
    		                                   
      accumulated other comprehensive income
    		               -5,094,000 -3,446,000 372,000 21,000 211,000                
      preferred stock, .0001 par value
    		                                   
      preferred stock, .0001 par value, 1,000 shares authorized with no shares issued and outstanding at december 31, 2020 and 2019
    		                                   
      payable to related party pursuant to tax receivable agreement
    		                    65,620,000 65,620,000 61,174,000 61,174,000            
      long-term debt, net of current portion and deferred financing costs
    		                     834,317,000 835,507,000 837,686,000 858,189,000 859,133,000 859,768,000 860,249,164        
      preferred stock, .0001 par value, 1,000 shares authorized with no shares issued and outstanding as of december 31, 2019 and 2018
    		                                   
      payable related to tax receivable agreement
    		                        66,097,000 66,097,000 66,097,000 69,996,334        
      retained earnings
    		                          -110,743,000 -113,306,294 -55,327 637,162 2,185,451 1,383,547 907,266   
      preferred stock, .0001 par value, 1,000,000 shares authorized with no shares issued and outstanding as of december 31, 2018 and 2017
    		                                   
      prepaid assets and deferred costs
    		                            196,216       
      income tax receivable
    		                                   
      investments and cash held in trust account
    		                            405,993,367 404,611,945 402,945,252 402,735,815 402,042,193 401,061,237 400,335,394 
      accrued expenses, formation and offering costs
    		                            4,912,958 3,077,932 161,703 66,191 42,301 420,510 431,965 
      state franchise tax accrual
    		                            30,000 20,000 50,000 131,928 67,237 22,238  
      deferred underwriting compensation
    		                            14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 
      income tax payable
    		                              1,059,318 806,445 209,785   
      deferred income taxes
    		                            4,480       
      commitments and contingencies:
    		                                   
      class a subject to possible redemption, 38,224,967 and 38,368,855 shares at september 30, 2018 and december 31, 2017, respectively at redemption value of 10 per share)
    		                            382,249,670       
      stockholders' equity:
    		                                   
      preferred stock, 0.0001 par value; 1,000,000 shares
    		                                   
      class a common stock
    		                            178 171 155 163 168 170 176 
      class f common stock, 0.0001 par value, 20,000,000 shares authorized with 10,000,000 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively.
    		                            1,000       
      prepaid assets & deferred costs
    		                             263,841      
      liabilities and stockholders’ equity
    		                                   
      net deferred income tax
    		                             4,480 14,051 4,481 337,797   
      class a subject to possible redemption, 38,294,216 and 38,368,855 shares at june 30, 2018 and december 31, 2017, respectively
    		                             382,942,160      
      stockholders’ equity:
    		                                   
      preferred stock, 0.0001 par value; 1,000,000 shares authorized, none issued or outstanding
    		                                   
      class f common stock, 0.0001 par value; 20,000,000 shares authorized, 10,000,000 shares issued and outstanding
    		                             1,000 1,000 1,000 1,000 1,000 1,000 
      additional paid-in-capital
    		                             4,361,675 2,813,400 3,615,292 4,091,567 4,346,254 4,888,188 
      total stockholders’ equity
    		                             5,000,008 5,000,006 5,000,002 5,000,001 5,000,005 5,000,002 
      total liabilities and stockholders’ equity
    		                             405,044,580 404,775,528 403,697,597 402,869,391 402,398,683 401,845,957 
      prepaid assets
    		                              159,205 135,581 201,005 254,952 274,474 
      class a subject to possible redemption, 38,449,045 and 38,368,855 shares at march 31, 2018 and december 31, 2017, respectively
    		                              384,490,450     
      deferred offering costs
    		                                   
      receivable - related party
    		                                   
      notes and advances payable – related party
    		                                   
      class a subject to possible redemption, 38,368,855 and -0- shares at december 31, 2017 and december 31, 2016, respectively
    		                               383,688,550    
      class a subject to possible redemption, 38,321,227 and -0- shares at september 30, 2017 and december 31, 2016, respectively
    		                                383,212,270   
      class a subject to possible redemption, 38,295,593 and -0- shares at june 30, 2017 and december 31, 2016, respectively
    		                                 382,955,930  
      deficit accumulated
    		                                 652,581 110,638 
      class a subject to possible redemption, 38,241,399
    		                                  382,413,990 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.