v3.26.1
ACCRUED LIABILITIES
6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES

NOTE 6 — ACCRUED LIABILITIES

The following table sets forth the components of accrued liabilities (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Accrued subcontractor costs

 

$

45,903

 

 

$

18,160

 

Accrued compensation and related expenses

 

 

30,305

 

 

 

21,735

 

Accrued deferred transaction costs

 

 

—

 

 

 

2,926

 

Deferred revenue

 

 

443

 

 

 

132

 

Accrued professional fees

 

 

1,196

 

 

 

3,423

 

Operating lease liabilities

 

 

1,884

 

 

 

2,344

 

Incurred cost audits reserve (Note 15)

 

 

1,068

 

 

 

1,068

 

Accrued liabilities – other

 

 

5,343

 

 

 

1,429

 

Total accrued liabilities

 

$

86,142

 

 

$

51,217