Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Additional Paid-In Capital
Accumulated Deficit
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024   78,286,909 134,536,464 0      
Balance beginning at Dec. 31, 2024   $ 8 $ 13 $ 0 $ 136,583 $ (123,430)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2024 $ 36,322            
Beginning balance at Dec. 31, 2024 49,496            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Equity-based compensation 2,591       943   $ 1,648
Employee stock purchase plan (in shares)   100,626          
Employee stock purchase plan 194       194    
Vesting of stock awards, net of shares withheld for taxes (in shares)   222,149          
Vesting of stock awards, net of shares withheld for taxes (250)       (250)    
Less: Net loss attributable to non-controlling interest             (4,958)
Net Income (Loss) Attributable to Parent           (2,888)  
Net income (loss) (7,846)            
Ending balance (in shares) at Mar. 31, 2025   78,609,684 134,536,464 0      
Ending balance at Mar. 31, 2025   $ 8 $ 13 $ 0 137,470 (126,318)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2025 33,012            
Ending balance at Mar. 31, 2025 44,185            
Beginning balance (in shares) at Dec. 31, 2024   78,286,909 134,536,464 0      
Balance beginning at Dec. 31, 2024   $ 8 $ 13 $ 0 136,583 (123,430)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2024 36,322            
Beginning balance at Dec. 31, 2024 49,496            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net loss attributable to non-controlling interest (14,141)            
Net Income (Loss) Attributable to Parent (8,216)            
Net income (loss) (22,357)            
Ending balance (in shares) at Jun. 30, 2025   81,355,356 134,426,861 0      
Ending balance at Jun. 30, 2025   $ 8 $ 13 $ 0 141,727 (131,647)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2025 25,549            
Ending balance at Jun. 30, 2025 35,650            
Beginning balance (in shares) at Mar. 31, 2025   78,609,684 134,536,464 0      
Balance beginning at Mar. 31, 2025   $ 8 $ 13 $ 0 137,470 (126,318)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2025 33,012            
Beginning balance at Mar. 31, 2025 44,185            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Equity-based compensation 2,740       1,000   1,740
Common Unit redemption (in shares)   109,603 (109,603)        
Common Unit redemption $ 0       20   (20)
Shares issued upon settlement agreement (in shares) 2,300,100            
Shares issued upon settlement agreement $ 3,367       3,367    
Vesting of stock awards, net of shares withheld for taxes (in shares)   335,969          
Vesting of stock awards, net of shares withheld for taxes (130)       (130)    
Less: Net loss attributable to non-controlling interest (9,183)           (9,183)
Net Income (Loss) Attributable to Parent (5,329)         (5,329)  
Net income (loss) (14,512)            
Ending balance (in shares) at Jun. 30, 2025   81,355,356 134,426,861 0      
Ending balance at Jun. 30, 2025   $ 8 $ 13 $ 0 141,727 (131,647)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2025 25,549            
Ending balance at Jun. 30, 2025 35,650            
Beginning balance (in shares) at Dec. 31, 2025   114,860,676 133,694,869 0      
Balance beginning at Dec. 31, 2025 45,653 $ 11 $ 13 $ 0 180,973 (135,344)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2025 22,364            
Beginning balance at Dec. 31, 2025 68,017            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Equity-based compensation 2,734       1,020   1,714
Common Unit redemption (in shares)   1,049,823 (1,049,823)        
Common Unit redemption 0       237   (237)
Employee stock purchase plan (in shares)   82,787          
Employee stock purchase plan 59       59    
Vesting of stock awards, net of shares withheld for taxes (in shares)   486,725          
Vesting of stock awards, net of shares withheld for taxes (150) $ 1     (151)    
Less: Net loss attributable to non-controlling interest             61
Net Income (Loss) Attributable to Parent           (15)  
Net income (loss) 46            
Ending balance (in shares) at Mar. 31, 2026   116,480,011 132,645,046 0      
Ending balance at Mar. 31, 2026   $ 12 $ 13 $ 0 182,138 (135,359)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2026 23,902            
Ending balance at Mar. 31, 2026 70,706            
Beginning balance (in shares) at Dec. 31, 2025   114,860,676 133,694,869 0      
Balance beginning at Dec. 31, 2025 45,653 $ 11 $ 13 $ 0 180,973 (135,344)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2025 22,364            
Beginning balance at Dec. 31, 2025 68,017            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Less: Net loss attributable to non-controlling interest (22)            
Net Income (Loss) Attributable to Parent (118)            
Net income (loss) (140)            
Ending balance (in shares) at Jun. 30, 2026   119,645,947 130,467,486 0      
Ending balance at Jun. 30, 2026 48,324 $ 12 $ 13 $ 0 183,761 (135,462)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2026 25,041            
Ending balance at Jun. 30, 2026 73,365            
Beginning balance (in shares) at Mar. 31, 2026   116,480,011 132,645,046 0      
Balance beginning at Mar. 31, 2026   $ 12 $ 13 $ 0 182,138 (135,359)  
Equity, Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2026 23,902            
Beginning balance at Mar. 31, 2026 70,706            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Equity-based compensation 2,968       1,137   1,831
Common Unit redemption (in shares)   2,177,560 (2,177,560)        
Common Unit redemption 0       609   (609)
Vesting of stock awards, net of shares withheld for taxes (in shares)   988,376          
Vesting of stock awards, net of shares withheld for taxes (123)       (123)    
Less: Net loss attributable to non-controlling interest (83)           $ (83)
Net Income (Loss) Attributable to Parent (103)         (103)  
Net income (loss) (186)            
Ending balance (in shares) at Jun. 30, 2026   119,645,947 130,467,486 0      
Ending balance at Jun. 30, 2026 48,324 $ 12 $ 13 $ 0 $ 183,761 $ (135,462)  
Equity, Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2026 25,041            
Ending balance at Jun. 30, 2026 $ 73,365