Annual report [Section 13 and 15(d), not S-K Item 405]

Net Loss per Share (Tables)

v3.25.4
Net Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Losses per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except unit/share and per unit/share amounts):
Year Ended December 31,
2025 2024 2023
Numerator:
Net loss $ (32,235) $ (7,649) $ (56,716)
Less: Net loss attributable to non-controlling interests (20,321) (4,697) (39,971)
Net loss attributable to Class A Common Stock - basic and diluted $ (11,914) $ (2,952) $ (16,745)
Denominator:
Weighted-average shares of Class A Common Stock outstanding 95,207,206  71,107,562  60,932,225 
Net loss per share attributable to Class A common stockholders, basic and diluted $ (0.13) $ (0.04) $ (0.27)
Schedule of Antidilutive Securities
The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Class A common shareholders because including them would have had an antidilutive effect:
December 31,
2025 2024 2023
Stock Options 8,684,387  5,424,411  3,413,340 
Common Units 133,694,869  134,536,464  146,484,989 
RSUs 4,629,764  2,232,952  1,684,955 
PSUs 8,462,412  8,462,412  8,462,412 
Incentive Units (Share Equivalents)
 1,221,857  1,221,857  1,237,892 
ESPP 71,816  69,661  77,841 
Total units excluded from computation of diluted net loss per share 156,765,105  151,947,757  161,361,429