Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Changes to Stockholders' Equity (Deficit)

v3.25.2
Condensed Consolidated Statements of Changes to Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Common Stock Member
Class A Common Stock
Common Stock Member
Class B Common Stock
Treasury Stock
Additional Paid-In Capital
Receivable from Shareholder
Accumulated Deficit
Noncontrolling Interests
Beginning Balance at Dec. 31, 2023 $ (209,532) $ 3 $ 2 $ (1,697) $ 521,307 $ (15,440) $ (634,179) $ (79,528)
Beginning balance, Shares at Dec. 31, 2023   30,897,000 16,566,000          
Beginning balance, Shares at Dec. 31, 2023       75,000        
Equity-based compensation 3,253       3,252     1
Net income (loss) (3,750)           (2,480) (1,270)
Conversion of Class B shares to Class A shares         (8,837)     8,837
Conversion of Class B shares to Class A shares, Shares   78,000 (78,000)          
Adjustment of preferred stock to redemption value (8,106)       (8,106)      
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   607,000            
Loan to shareholder and accumulated interest (349)         (349)    
Distributions paid to Pre-IPO LLC Members (36)             (36)
Preferred stock dividend (1,863)       (1,863)      
Payment received from shareholder 14         14    
Ending Balance at Mar. 31, 2024 (220,369) $ 3 $ 2 $ (1,697) 505,753 (15,775) (636,659) (71,996)
Ending balance, Shares at Mar. 31, 2024   31,582 16,488          
Ending balance, Shares at Mar. 31, 2024       75        
Beginning Balance at Dec. 31, 2023 (209,532) $ 3 $ 2 $ (1,697) 521,307 (15,440) (634,179) (79,528)
Beginning balance, Shares at Dec. 31, 2023   30,897,000 16,566,000          
Beginning balance, Shares at Dec. 31, 2023       75,000        
Net income (loss) (18,093)              
Ending Balance at Jun. 30, 2024 (230,457) $ 3 $ 2 $ (1,697) 507,669 (16,135) (646,222) (74,077)
Ending balance, Shares at Jun. 30, 2024   32,160,000 16,090,000          
Ending balance, Shares at Jun. 30, 2024       75,000        
Beginning Balance at Mar. 31, 2024 (220,369) $ 3 $ 2 $ (1,697) 505,753 (15,775) (636,659) (71,996)
Beginning balance, Shares at Mar. 31, 2024   31,582 16,488          
Beginning balance, Shares at Mar. 31, 2024       75        
Equity-based compensation 4,885       4,884     1
Net income (loss) (14,343)           (9,563) (4,780)
Conversion of Class B shares to Class A shares         (2,904)     2,904
Conversion of Class B shares to Class A shares, Shares   398 (398)          
Adjustment of preferred stock to redemption value 2,012       2,012      
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   180            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes 74       74      
Loan to shareholder and accumulated interest (360)         (360)    
Distributions paid to Pre-IPO LLC Members (206)             (206)
Preferred stock dividend (2,150)       (2,150)      
Ending Balance at Jun. 30, 2024 (230,457) $ 3 $ 2 $ (1,697) 507,669 (16,135) (646,222) (74,077)
Ending balance, Shares at Jun. 30, 2024   32,160,000 16,090,000          
Ending balance, Shares at Jun. 30, 2024       75,000        
Beginning Balance at Dec. 31, 2024 $ (310,815) $ 3 $ 1 $ (1,697) 503,850 (16,891) (701,837) (94,244)
Beginning balance, Shares at Dec. 31, 2024   33,660,000 14,739,000          
Beginning balance, Shares at Dec. 31, 2024 75,000     75,000        
Equity-based compensation $ 3,281       3,281      
Net income (loss) (2,659)           (1,923) (736)
Conversion of Class B shares to Class A shares         (6,784)     6,784
Conversion of Class B shares to Class A shares, Shares   1,000,000 (1,000,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   118            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (919)       (919)      
Loan to shareholder and accumulated interest (384)         (384)    
Distributions paid to Pre-IPO LLC Members (315)             (315)
Preferred stock dividend (1,898)       (1,898)      
Ending Balance at Mar. 31, 2025 (313,709) $ 3 $ 1 $ (1,697) 497,530 (17,275) (703,760) (88,511)
Ending balance, Shares at Mar. 31, 2025   34,778 13,739          
Ending balance, Shares at Mar. 31, 2025       75        
Beginning Balance at Dec. 31, 2024 $ (310,815) $ 3 $ 1 $ (1,697) 503,850 (16,891) (701,837) (94,244)
Beginning balance, Shares at Dec. 31, 2024   33,660,000 14,739,000          
Beginning balance, Shares at Dec. 31, 2024 75,000     75,000        
Net income (loss) $ (1,313)              
Ending Balance at Jun. 30, 2025 $ (313,166) $ 3 $ 1 $ (1,697) 497,186 (17,673) (702,791) (88,195)
Ending balance, Shares at Jun. 30, 2025   35,082,000 13,738,000          
Ending balance, Shares at Jun. 30, 2025 75,000     75,000        
Beginning Balance at Mar. 31, 2025 $ (313,709) $ 3 $ 1 $ (1,697) 497,530 (17,275) (703,760) (88,511)
Beginning balance, Shares at Mar. 31, 2025   34,778 13,739          
Beginning balance, Shares at Mar. 31, 2025       75        
Equity-based compensation 2,666       2,666      
Net income (loss) 1,346           969 377
Conversion of Class B shares to Class A shares         (56)     56
Conversion of Class B shares to Class A shares, Shares   1 (1)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   303,000            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (1,056)       (1,056)      
Loan to shareholder and accumulated interest (398)         (398)    
Distributions paid to Pre-IPO LLC Members (117)             (117)
Preferred stock dividend (1,898)       (1,898)      
Ending Balance at Jun. 30, 2025 $ (313,166) $ 3 $ 1 $ (1,697) $ 497,186 $ (17,673) $ (702,791) $ (88,195)
Ending balance, Shares at Jun. 30, 2025   35,082,000 13,738,000          
Ending balance, Shares at Jun. 30, 2025 75,000     75,000