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 2018-09-30 
      
    		                            
      cash flows from operating activities:
    		                            
      net income
    		46,839,000 38,575,000 32,339,000 -66,656,000 34,732,000 34,223,000 29,149,000 3,022,000 30,308,000 19,108,000 4,577,000 28,218,000 24,576,000 29,641,000 10,040,000 19,066,000 27,306,000 3,992,000 -8,915,000 -1,416,000 6,686,000 -15,388,000 6,673,000 9,180,000 17,752,000 3,591,000 2,820,000  
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      depreciation and amortization
    		28,534,000 29,155,000 27,490,000 27,543,000 26,631,000 27,465,000 26,886,000 26,232,000 27,530,000 28,996,000 30,309,000 33,390,000 35,079,000 34,540,000 35,675,000 31,997,000 29,529,000 27,013,000 28,214,000 28,742,000 29,419,000 29,159,000 29,250,000 29,065,000 28,697,000 28,865,000 28,939,000  
      amortization of deferred financing costs and discounts
    		953,000 971,000 932,000 669,000 1,043,000 1,033,000 1,361,000 1,079,000 1,131,000 1,192,000 1,277,000 1,350,000 1,429,000 1,387,000 1,306,000 1,316,000 1,132,000 1,129,000 1,593,000 1,712,000 1,619,000 1,203,000 903,000 1,575,000 1,477,000 1,756,000 1,833,000  
      change in fair value of interest rate swap
    		   0 1,169,000                        
      loss on extinguishment of debt
    		21,000 23,000 25,000  33,000 0 595,000   209,000 1,349,000     0 0 0 5,334,000          
      credit loss expense
    		4,521,000 5,741,000 8,115,000 1,577,000 2,119,000 4,059,000 5,247,000 1,501,000 2,597,000 3,259,000 1,697,000 3,589,000 3,856,000 3,531,000 3,505,000 2,872,000 2,853,000 1,461,000 2,402,000 3,759,000 -95,000 5,367,000 5,356,000      
      deferred income taxes
    		9,173,000 -2,987,000 -1,480,000 -8,328,000 -985,000 -1,395,000 696,000 -19,801,000 -2,503,000 -2,484,000 -2,249,000 -45,000 -1,610,000 3,071,000 -18,771,000 -1,963,000 -7,852,000 -1,106,000 281,000 -826,000 -1,424,000 -1,814,000 -682,000 -1,468,000 2,142,000 -10,495,000 -1,073,000  
      stock-based compensation
    		4,961,000 7,279,000 6,456,000 4,372,000 6,438,000 6,590,000 5,558,000 5,130,000 4,443,000 4,525,000 3,378,000 3,007,000 4,644,000 4,566,000 4,446,000 3,600,000 3,703,000 3,573,000 2,908,000 3,397,000 3,153,000 3,271,000 2,768,000 2,586,000 2,471,000 2,812,000 2,143,000  
      utp reserve release
    		0                            
      other
    		870,000 0 1,227,000 654,000 284,000 146,000 319,000 53,000 172,000 126,000 8,000 1,030,000 -136,000 406,000 354,000 70,000 -19,000            
      changes in operating assets and liabilities:
    		                            
      accounts receivable
    		-15,961,000 -10,133,000 -13,541,000 -14,773,000 14,077,000 -32,191,000 10,223,000 -6,605,000 -14,783,000 -4,849,000 -16,222,000 8,161,000 -6,734,000 -4,812,000 -14,300,000 20,388,000 37,528,000 -16,298,000 -26,672,000 -31,675,000 -15,730,000 -20,786,000 -22,397,000 13,691,000 -4,920,000 -13,061,000 -8,372,000  
      unbilled receivables
    		-7,731,000 -4,218,000 1,508,000 1,925,000 -6,681,000 -730,000 -6,501,000 3,277,000 -3,409,000 -2,656,000 -3,464,000 2,269,000 713,000 5,347,000 -10,265,000 -2,098,000 -3,557,000 -1,239,000 -859,000 2,098,000 -3,610,000 3,828,000 3,648,000 -4,311,000 -1,501,000 3,181,000 -3,797,000  
      inventory
    		3,580,000 -55,000 237,000 1,406,000 -142,000 174,000 479,000 2,209,000 -1,006,000 -235,000 180,000 -1,254,000 -1,659,000 -1,675,000 -5,722,000              
      prepaid expenses and other assets
    		-11,119,000 1,198,000 4,777,000 9,349,000 769,000 -9,757,000 5,565,000 -5,109,000 -52,000 -3,232,000 6,232,000 -4,099,000 -526,000 696,000 8,235,000 -83,000 -3,837,000 -915,000 -262,000          
      deferred revenue
    		-442,000 3,105,000 -3,161,000 -170,000 3,609,000 1,623,000 -3,831,000 -5,875,000 -2,293,000 5,673,000 95,000 -1,700,000 3,374,000 2,871,000 46,000              
      accounts payable and other current liabilities
    		20,385,000 9,985,000 -2,085,000 -9,825,000 24,570,000 9,613,000 -40,783,000 23,453,000 18,169,000 13,181,000 -4,291,000 8,491,000 -3,689,000 2,188,000 -477,000              
      other liabilities
    		-6,869,000 -1,809,000 126,000 -5,362,000 1,121,000 -1,066,000 -529,000 2,920,000 516,000 -5,906,000 6,188,000 -4,168,000 -1,644,000 -9,064,000 13,441,000 -2,666,000 -1,172,000 -1,004,000 459,000 -612,000 -600,000 -934,000 -2,135,000 2,825,000 -1,143,000 -185,000 -3,648,000  
      net cash from operating activities
    		77,715,000 75,148,000 62,965,000 40,487,000 108,787,000 40,036,000 34,332,000 35,730,000 62,444,000 62,710,000 45,217,000 69,561,000 52,401,000 65,128,000 31,247,000 63,887,000 91,806,000 28,465,000 9,013,000 2,559,000 21,807,000 7,702,000 14,841,000 38,216,000 49,805,000 8,430,000 37,351,000 815,161 
      capex
    		-28,750,000 -34,875,000 -21,243,000 -18,847,000 -23,676,000 -14,054,000 -14,279,000 -16,484,000 -10,403,000 -11,726,000 -18,372,000 -12,259,000 -13,203,000 -11,246,000 -11,478,000 -9,365,000 -7,376,000 -4,553,000 -3,704,000 -5,943,000 -4,016,000 -6,160,000 -8,141,000 -12,193,000 -3,300,000 -4,973,000 -9,219,000 0 
      free cash flows
    		48,965,000 40,273,000 41,722,000 21,640,000 85,111,000 25,982,000 20,053,000 19,246,000 52,041,000 50,984,000 26,845,000 57,302,000 39,198,000 53,882,000 19,769,000 54,522,000 84,430,000 23,912,000 5,309,000 -3,384,000 17,791,000 1,542,000 6,700,000 26,023,000 46,505,000 3,457,000 28,132,000 815,161 
      cash flows from investing activities:
    		                            
      cash receipts for interest rate swap
    		                            
      purchases of installation and service parts and property and equipment
    		-28,750,000 -34,875,000 -21,243,000 -18,847,000 -23,676,000 -14,054,000 -14,279,000 -16,484,000 -10,403,000 -11,726,000 -18,372,000 -12,259,000 -13,203,000 -11,246,000 -11,478,000 -9,365,000 -7,376,000 -4,553,000 -3,704,000 -5,943,000 -4,016,000 -6,160,000 -8,141,000 -12,193,000 -3,300,000 -4,973,000 -9,219,000  
      cash proceeds from the sale of assets
    		116,000 75,000 24,000 158,000 66,000 42,000 48,000 110,000 93,000 95,000 34,000 101,000 68,000 47,000 25,000 40,000 66,000 103,000 56,000 40,000 18,000 39,000 10,000 217,000     
      net cash from investing activities
    		-28,634,000 -34,800,000 -21,219,000 -18,689,000 -23,354,000 -13,740,000 -13,937,000 -16,597,000 -10,168,000 -11,941,000 -19,584,000 -12,158,000 -13,135,000 -11,434,000 -11,865,000 -353,558,000 -7,310,000 -111,454,000 -3,648,000 -5,903,000 -3,998,000 -6,121,000 -8,131,000 -37,495,000 -3,300,000 -5,011,000 -9,167,000 -1,381,422 
      cash flows from financing activities:
    		                            
      repayment of long-term debt
    		-2,255,000 -2,254,000 -2,255,000 -41,101,000 0 -2,254,000 -2,255,000 -2,255,000 -102,255,000 -12,254,000 -64,755,000 -2,255,000 -2,254,000 -2,255,000 -2,255,000 -1,625,000 -1,624,000 -15,639,000 -865,642,000 -2,276,000 -2,276,000 -2,276,000 -21,951,000  -2,275,000 -2,276,000 -2,276,000  
      payment of debt issuance costs
    		-187,000 -219,000 -43,000 -276,000 -216,000 -117,000 -107,000 -97,000 -170,000 -148,000 -44,000 -37,000 -164,000 -192,000 -54,000 -4,018,000 -121,000 -775,000 -5,732,000 -118,000 -38,000 -116,000 -806,000  -147,000 -115,000 -37,000  
      share repurchases and retirement
    		   -148,479,000 0   0    0 -69,790,000                
      proceeds from the exercise of stock options
    		213,000 671,000 170,000  1,727,000 285,000 689,000  457,000 1,689,000 699,000    93,000              
      payment of employee tax withholding related to rsus and psus vesting
    		-171,000 -384,000 -6,606,000 -175,000 -168,000 -1,050,000 -4,608,000 -65,000 -49,000 -502,000 -2,526,000                  
      net cash from financing activities
    		-2,400,000 -2,186,000 -8,734,000 -151,853,000 1,343,000 -54,636,000 -6,281,000 657,000 -146,359,000 94,535,000 -66,626,000 -5,407,000 -73,008,000 -57,865,000 -28,652,000 263,387,000 -101,695,000 -16,885,000 123,915,000 -6,055,000 -2,448,000 -2,417,000 -23,084,000 -7,394,000 -2,422,000 -2,391,000 -2,313,000  
      effect of exchange rate changes on cash and cash equivalents
    		-307,000 1,232,000 365,000 -2,004,000 1,039,000 510,000 -608,000 1,602,000 -1,086,000 378,000 -305,000 1,490,000 -1,190,000 -2,661,000 2,231,000 -476,000 -2,114,000 -45,000 252,000 584,000 396,000 -307,000 -963,000 1,383,000 -353,000 -226,000 236,000  
      net increase in cash, cash equivalents and restricted cash
    		46,374,000 39,394,000 33,377,000 -132,059,000 87,815,000 -27,830,000 13,506,000 21,392,000 -95,169,000   53,486,000 -34,932,000 -6,832,000 -7,039,000 -26,760,000 -19,313,000 -99,919,000 129,532,000 -8,815,000 15,757,000 -1,143,000 -17,337,000 -5,290,000 43,730,000 802,000 26,107,000  
      cash, cash equivalents and restricted cash - beginning of period
    		0 0 81,154,000 0 0 0 139,722,000 0 0 0 109,115,000 0 0 0 104,432,000 0 0 0 120,892,000 0 0 0 132,430,000 0 0 0 67,081,000  
      cash, cash equivalents and restricted cash - end of period
    		46,374,000 39,394,000 114,531,000 -132,059,000 87,815,000 -27,830,000 153,228,000 21,392,000 -95,169,000 145,682,000 67,817,000 53,486,000 -34,932,000 -6,832,000 97,393,000 -26,760,000 -19,313,000 -99,919,000 250,424,000 -8,815,000 15,757,000 -1,143,000 115,093,000 -5,290,000 43,730,000 802,000 93,188,000  
      change in fair value of private placement warrants
    		       0 -553,000 10,918,000 14,601,000 -9,267,000 -2,267,000 -6,600,000 3,734,000 2,533,000 -5,067,000 8,067,000 2,067,000          
      tax receivable agreement liability adjustment
    		           245,000 0   -2,677,000 0            
      gain on extinguishment of debt
    		       0                     
      goodwill impairment
    		                            
      impairment of long-lived assets and rou assets
    		                            
      cash receipts (payments) for interest rate swap
    		   0 256,000                        
      purchase of intellectual property
    		                            
      payment of contingent consideration
    		             -235,000 -412,000              
      borrowings on long-term debt
    		                            
      repayment on revolver
    		                            
      proceeds from the exercise of warrants
    		       0 55,658,000                    
      proceeds from exercise of stock options
    		           337,000 838,000   47,000 21,000            
      reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
    		                            
      cash and cash equivalents
    		    84,068,000 -27,500,000 149,520,000      -34,816,000 -6,985,000 93,377,000              
      restricted cash
    		    3,747,000 -330,000 3,708,000      -116,000 153,000 4,016,000              
      total cash, cash equivalents and restricted cash
    		    87,815,000                        
      (gain) loss on interest rate swap
    		      -102,000                      
      cash received (payments) for interest rate swap
    		      294,000                      
      total cash, cash equivalents, and restricted cash
    		      153,228,000      -34,932,000 -6,832,000 97,393,000              
      gain on interest rate swap
    		       3,041,000 202,000                    
      impairment on a privately-held equity investment
    		                            
      acquisitions, net of cash and restricted cash acquired
    		                            
      payments for interest rate swap
    		       277,000 142,000 -310,000 -1,246,000                  
      borrowings on revolver
    		                            
      borrowings of long-term debt
    		               248,750,000 0 0 996,750,000          
      payment of debt extinguishment costs
    		               0 0 -462,000 -604,000          
      repayment on the revolver
    		            0 0 -25,000,000              
      settlement of contingent consideration
    		                            
      loss on interest rate swap
    		          1,552,000                  
      net decrease in cash, cash equivalents and restricted cash
    		          -41,298,000                  
      (gain) loss on extinguishment of debt
    		           0                 
      payment of employee tax withholding related to rsus vesting
    		           -3,452,000 -1,433,000 -203,000 -1,436,000 -4,767,000 29,000 -96,000 -857,000          
      acquisition of business, net of cash and restricted cash acquired
    		                0            
      partial payment of contingent consideration
    		                            
      impairment of property and equipment
    		                       0 0    
      share repurchase and retirement
    		               0             
      reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
    		                            
      gain from third-party insurance proceeds
    		                            
      accounts payable and accrued liabilities
    		                11,259,000 2,007,000 2,330,000 -1,733,000 2,729,000 -6,500,000 -11,363,000 -20,452,000 7,034,000 -13,189,000 18,413,000  
      installation and service parts expense
    		                  29,000 -27,000 145,000 166,000 393,000 111,000 412,000 386,000 257,000  
      accretion expense
    		                  53,000 62,000 68,000 65,000 64,000 81,000 86,000 93,000 90,000  
      gain on disposal of assets
    		                  51,000  171,000        
      loss on disposal of assets
    		                            
      capitalization from merger with gores holdings
    		                            
      payment of underwriting and transaction costs
    		                            
      capital contribution from greenlight
    		                            
      distribution to selling shareholders
    		                            
      income from tax receivable agreement adjustment
    		                    0        
      prepaid expenses and other current assets
    		                    676,000 5,612,000 2,367,000 1,821,000     
      payment of employee tax withholding related to rsu vesting
    		                    -134,000 -25,000 -327,000      
      (gain) loss on disposal of assets
    		                      -4,000      
      bad debt expense
    		                       2,753,000 2,611,000 1,466,000 1,270,000  
      write-downs of installation and service parts and (gain) loss on disposal of assets
    		                          3,000  
      acquisition of businesses, net of cash and restricted cash acquired
    		                            
      successor borrowings on revolver
    		                            
      successor repayment on revolver
    		                            
      successor borrowings of long-term debt
    		                            
      successor repayment of long-term debt
    		                            
      successor payment of debt issuance costs
    		                            
      predecessor borrowings on note payable
    		                            
      predecessor repayments on note payable
    		                            
      predecessor payments of debt issuance costs
    		                            
      successor distribution to selling shareholders
    		                            
      proceeds from issuance of common stock
    		                            
      write-downs of installation and service parts and (gain) on disposal of assets
    		                        0    
      other assets
    		                        -190,000 -125,000 -226,000  
      prepaid expense and other current assets
    		                         -2,547,000 -1,301,000  
      cash proceeds from the sale of assets and insurance recoveries
    		                         -38,000 52,000  
      changes in deferred income tax
    		                            
      changes in receivable - related party
    		                            
      changes in state franchise tax accrual
    		                           10,000 
      changes in prepaid assets
    		                           67,624 
      changes in deferred offering costs associated with public offering
    		                            
      changes in income taxes payable
    		                           0 
      changes in accrued expenses, formation and offering costs
    		                           1,430,026 
      cash flows from investing activities
    		                            
      cash deposited in trust account
    		                            
      interest reinvested in trust account
    		                           -1,381,422 
      proceeds from sale of units in initial public offering
    		                            
      proceeds from sale of private placement warrants to sponsor
    		                            
      repayment of notes and advances payable – related party
    		                            
      payment of underwriter's discounts and commissions
    		                            
      payment of accrued offering costs
    		                            
      net increase in cash and cash equivalents
    		                            
      cash and cash equivalents-beginning of period
    		                            
      cash and cash equivalents-end of period
    		                            
      supplemental disclosure of cash flow information:
    		                            
      cash paid for income taxes
    		                            
      supplemental disclosure of non-cash financing activities:
    		                            
      deferred underwriting compensation
    		                            
      net income/
    		                            
      increase/(decrease) in cash
    		                            
      cash at beginning of period
    		                            
      cash at end of period
    		                            
      offering costs included in accrued expenses
    		                            
      cash paid for income and state franchise taxes
    		                            
      basic and diluted net income/(loss) per share:
    		                            
      numerator:
    		                            
      allocation of net income/
    		                            
      denominator:
    		                            
      weighted-average shares outstanding
    		                            
      basic and diluted net income/(loss) per share
    		                            
      deferred financing cost amortization
    		                            
      capitalization from merger with gores holdings ii
    		                            
      predecessor payments of debt issue costs
    		                            
      payment of cash dividend
    		                            
      net cash from by financing activities
    		                            
    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.