Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Condensed Consolidated Statements of Changes to Stockholders'/Member's 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 Member/ Shareholder
Accumulated Deficit
Noncontrolling Interest
Noncontrolling Interest
Post NCI Rebalancing
Beginning Balance at Dec. 31, 2021 $ (210,469) $ 2 $ 2     $ (10,600) $ (643,833) $ 443,960  
Beginning balance, Shares at Dec. 31, 2021   23,898 22,969            
Equity-based compensation 14,627       $ 2,423     12,204  
Net income (loss) (15,179)           (7,519) (7,660)  
Conversion of Class B shares to Class A shares         517,283     (517,283)  
Conversion of Class B shares to Class A shares, Shares   351 (351)            
Payment of preferred stock dividends (3,250)       (3,250)        
Adjustment of preferred stock to redemption value (50,931)       (50,931)        
Vesting of Class B Shares     1,947            
Ending Balance at Mar. 31, 2022 (265,202) $ 2 $ 2   465,525 (10,600) (651,352) (68,779)  
Ending balance, Shares at Mar. 31, 2022   24,249 24,565            
Beginning Balance at Dec. 31, 2021 (210,469) $ 2 $ 2     (10,600) (643,833) 443,960  
Beginning balance, Shares at Dec. 31, 2021   23,898 22,969            
Net income (loss) 3,242                
Liability-classified restricted stock units vested 0                
Proceeds from disgorgement of stockholders short-swing profits (Note 10) 0                
Payment received from shareholder 0                
Ending Balance at Sep. 30, 2022 (180,643) $ 3 $ 2   528,807 (14,219) (641,656) (53,580)  
Ending balance, Shares at Sep. 30, 2022   27,561 21,651            
Beginning Balance at Mar. 31, 2022 (265,202) $ 2 $ 2   465,525 (10,600) (651,352) (68,779)  
Beginning balance, Shares at Mar. 31, 2022   24,249 24,565            
Equity-based compensation 3,807       3,861     (54)  
Net income (loss) 31,477           16,834 14,643  
Conversion of Class B shares to Class A shares         (7,387)     7,387  
Conversion of Class B shares to Class A shares, Shares   2,883 (2,883)            
Payment of preferred stock dividends (3,250)       (3,250)        
Adjustment of preferred stock to redemption value 127,821       127,821        
Vesting of Class B Shares     5            
Vesting of restricted stock units   54              
Ending Balance at Jun. 30, 2022 (105,347) $ 2 $ 2   586,570 (10,600) (634,518) (46,803)  
Ending balance, Shares at Jun. 30, 2022   27,186 21,687            
Equity-based compensation 3,621       3,597     24  
Net income (loss) (13,056)           (7,138) (5,918)  
Conversion of Class B shares to Class A shares         883     (883)  
Conversion of Class B shares to Class A shares, Shares   64 (64)            
Payment of preferred stock dividends (3,250)       (3,250)        
Adjustment of preferred stock to redemption value (57,096)       (57,096)        
Vesting of Class B Shares     28            
Vesting of restricted share units, net of shares withheld for taxes, Shares   311              
Vesting of restricted share units, net of shares withheld for taxes (1,896) $ 1     (1,897)        
Loan to shareholder and accumulated interest (3,619)         (3,619)      
Ending Balance at Sep. 30, 2022 (180,643) $ 3 $ 2   528,807 (14,219) (641,656) (53,580)  
Ending balance, Shares at Sep. 30, 2022   27,561 21,651            
Beginning Balance at Dec. 31, 2022 (208,062) $ 3 $ 2 $ (1,697) 505,186 (16,369) (641,903) (53,284)  
Beginning balance, Shares at Dec. 31, 2022   27,571 21,647 75          
Equity-based compensation 5,612       5,598       $ 14
Net income (loss) (14,979)           (9,983) (4,996)  
Conversion of Class B shares to Class A shares         (2,332)     2,332  
Conversion of Class B shares to Class A shares, Shares   4,926 (4,926)            
Payment of preferred stock dividends (2,069)       (2,069)        
Adjustment of preferred stock to redemption value (62,660)       (62,660)        
Vesting of Class B Shares     10            
Vesting of restricted share units, net of shares withheld for taxes, Shares   402              
Vesting of restricted share units, net of shares withheld for taxes (7,935)       (7,935)        
Deemed contribution from redemption of preferred stock 12,679           12,679    
Liability-classified restricted stock units vested 2,250       2,250        
Loan to shareholder and accumulated interest (3,587)         (3,587)      
Ending Balance at Mar. 31, 2023 (278,751) $ 3 $ 2 $ (1,697) 438,038 (19,956) (639,207) (55,934)  
Ending balance, Shares at Mar. 31, 2023   32,899 16,731 75          
Beginning Balance at Dec. 31, 2022 (208,062) $ 3 $ 2 $ (1,697) 505,186 (16,369) (641,903) (53,284)  
Beginning balance, Shares at Dec. 31, 2022   27,571 21,647 75          
Net income (loss) 7,362                
Liability-classified restricted stock units vested 2,250                
Proceeds from disgorgement of stockholders short-swing profits (Note 10) 516                
Payment received from shareholder (8,062)                
Ending Balance at Sep. 30, 2023 (207,296) $ 3 $ 2 $ (1,697) 502,606 (15,026) (624,210) (68,974)  
Ending balance, Shares at Sep. 30, 2023   31,477 16,566 75          
Beginning Balance at Mar. 31, 2023 (278,751) $ 3 $ 2 $ (1,697) 438,038 (19,956) (639,207) (55,934)  
Beginning balance, Shares at Mar. 31, 2023   32,899 16,731 75          
Equity-based compensation 5,611       5,608     3  
Net income (loss) 27,524           18,379 9,145  
Conversion of Class B shares to Class A shares         (1,332)     1,332  
Conversion of Class B shares to Class A shares, Shares   141 (141)            
Payment of preferred stock dividends (1,857)       (1,857)        
Adjustment of preferred stock to redemption value 45,551       45,551        
Vesting of Class B Shares     2            
Vesting of restricted share units, net of shares withheld for taxes, Shares   180              
Vesting of restricted share units, net of shares withheld for taxes (176)       (176)        
Loan to shareholder and accumulated interest (1,683)         (1,683)      
Receivable from shareholder arising from the Rumble studios acquisition (1,450)         (1,450)      
Consideration related to the Rumble studios acquisition 1         1      
Payment received from shareholder 1,290         1,290      
Distributions paid to Pre-IPO LLC Members (532)             (532)  
Ending Balance at Jun. 30, 2023 (204,472) $ 3 $ 2 $ (1,697) 485,832 (21,798) (620,828) (45,986)  
Ending balance, Shares at Jun. 30, 2023   33,220 16,592 75          
Equity-based compensation 3,092       3,091     1  
Net income (loss) (5,183)           (3,382) (1,801)  
Conversion of Class B shares to Class A shares         14,235     (14,235)  
Conversion of Class B shares to Class A shares, Shares   27 (27)            
Payment of preferred stock dividends (1,863)       (1,863)        
Adjustment of preferred stock to redemption value 51,435       51,435        
Vesting of Class B Shares     1            
Vesting of restricted stock units   240              
Repurchase and retirement of Class A common stock, Shares   (2,010)              
Repurchase and retirement of Class A common stock (50,378)       (50,378)        
Excise tax on share repurchases (262)       (262)        
Proceeds from disgorgement of stockholders short-swing profits (Note 10) 516       516        
Payment received from shareholder 6,772         6,772      
Distributions paid to Pre-IPO LLC Members (6,953)             (6,953)  
Ending Balance at Sep. 30, 2023 $ (207,296) $ 3 $ 2 $ (1,697) $ 502,606 $ (15,026) $ (624,210) $ (68,974)  
Ending balance, Shares at Sep. 30, 2023   31,477 16,566 75