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 |
|
31,582,000
|
16,488,000
|
|
|
|
|
|
| Ending balance, Shares at Mar. 31, 2024 |
|
|
|
75,000
|
|
|
|
|
| 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) |
(36,242)
|
|
|
|
|
|
|
|
| Ending Balance at Sep. 30, 2024 |
(247,124)
|
$ 3
|
$ 2
|
$ (1,697)
|
516,265
|
(16,508)
|
(658,342)
|
(86,847)
|
| Ending balance, Shares at Sep. 30, 2024 |
|
32,191,000
|
16,091,000
|
|
|
|
|
|
| Ending balance, Shares at Sep. 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 |
|
31,582,000
|
16,488,000
|
|
|
|
|
|
| Beginning balance, Shares at Mar. 31, 2024 |
|
|
|
75,000
|
|
|
|
|
| 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 |
|
398,000
|
(398,000)
|
|
|
|
|
|
| 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 |
|
180,000
|
|
|
|
|
|
|
| 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
|
|
|
|
|
| Equity-based compensation |
4,401
|
|
|
|
4,400
|
|
|
1
|
| Net income (loss) |
(18,149)
|
|
|
|
|
|
(12,120)
|
(6,029)
|
| Vesting of Class B shares |
|
|
1,000
|
|
|
|
|
|
| Adjustment of preferred stock to redemption value |
6,094
|
|
|
|
6,094
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
31,000
|
|
|
|
|
|
|
| Loan to shareholder and accumulated interest |
(373)
|
|
|
|
|
(373)
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(6,742)
|
|
|
|
|
|
|
(6,742)
|
| Preferred stock dividend |
(1,898)
|
|
|
|
(1,898)
|
|
|
|
| Ending Balance at Sep. 30, 2024 |
(247,124)
|
$ 3
|
$ 2
|
$ (1,697)
|
516,265
|
(16,508)
|
(658,342)
|
(86,847)
|
| Ending balance, Shares at Sep. 30, 2024 |
|
32,191,000
|
16,091,000
|
|
|
|
|
|
| Ending balance, Shares at Sep. 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 |
|
118,000
|
|
|
|
|
|
|
| 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 |
|
34,778,000
|
13,739,000
|
|
|
|
|
|
| Ending balance, Shares at Mar. 31, 2025 |
|
|
|
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
|
|
|
|
|
| Net income (loss) |
$ (8,059)
|
|
|
|
|
|
|
|
| Ending Balance at Sep. 30, 2025 |
$ (320,506)
|
$ 3
|
$ 1
|
$ (1,697)
|
497,483
|
(18,513)
|
(707,650)
|
(90,133)
|
| Ending balance, Shares at Sep. 30, 2025 |
|
35,126,000
|
13,738,000
|
|
|
|
|
|
| Ending balance, Shares at Sep. 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 |
|
34,778,000
|
13,739,000
|
|
|
|
|
|
| Beginning balance, Shares at Mar. 31, 2025 |
|
|
|
75,000
|
|
|
|
|
| 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 |
|
1,000
|
(1,000)
|
|
|
|
|
|
| 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
|
|
|
|
|
| Equity-based compensation |
2,394
|
|
|
|
2,394
|
|
|
|
| Net income (loss) |
(6,746)
|
|
|
|
|
|
(4,859)
|
(1,887)
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
44,000
|
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes |
(199)
|
|
|
|
(199)
|
|
|
|
| Loan to shareholder and accumulated interest |
(840)
|
|
|
|
|
(840)
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(51)
|
|
|
|
|
|
|
(51)
|
| Preferred stock dividend |
(1,898)
|
|
|
|
(1,898)
|
|
|
|
| Ending Balance at Sep. 30, 2025 |
$ (320,506)
|
$ 3
|
$ 1
|
$ (1,697)
|
$ 497,483
|
$ (18,513)
|
$ (707,650)
|
$ (90,133)
|
| Ending balance, Shares at Sep. 30, 2025 |
|
35,126,000
|
13,738,000
|
|
|
|
|
|
| Ending balance, Shares at Sep. 30, 2025 |
75,000
|
|
|
75,000
|
|
|
|
|