Quarterly report pursuant to Section 13 or 15(d)

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

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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
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   27,571,000 21,647,000 75,000        
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   4,926,000 (4,926,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (7,935)       (7,935)      
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   402,000            
Vesting of Class B Shares     10,000          
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)    
Preferred stock dividend (2,069)       (2,069)      
Adjustment of preferred stock to redemption value (62,660)       (62,660)      
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   32,899,000 16,731,000 75,000        
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   27,571,000 21,647,000 75,000        
Net income (loss) 12,545              
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   33,220,000 16,592,000 75,000        
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   32,899,000 16,731,000 75,000        
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   141,000 (141,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (176)       (176)      
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   180,000            
Vesting of Class B Shares     2,000          
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)
Preferred stock dividend (1,857)       (1,857)      
Adjustment of preferred stock to redemption value 45,551       45,551      
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   33,220,000 16,592,000 75,000        
Beginning Balance at Dec. 31, 2023 (202,794) $ 3 $ 2 $ (1,697) 521,998 (15,426) (630,127) (77,547)
Beginning balance, Shares at Dec. 31, 2023   30,897,000 16,566,000 75,000        
Equity-based compensation 3,253       3,252     1
Net income (loss) (4,356)           (2,867) (1,489)
Conversion of Class B shares to Class A shares         (9,264)     9,264
Conversion of Class B shares to Class A shares, Shares   78,000 (78,000)          
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)      
Adjustment of preferred stock to redemption value (8,106)       (8,106)      
Ending Balance at Mar. 31, 2024 (214,251) $ 3 $ 2 $ (1,697) 506,017 (15,775) (632,994) (69,807)
Ending balance, Shares at Mar. 31, 2024   31,582,000 16,488,000 75,000        
Beginning Balance at Dec. 31, 2023 (202,794) $ 3 $ 2 $ (1,697) 521,998 (15,426) (630,127) (77,547)
Beginning balance, Shares at Dec. 31, 2023   30,897,000 16,566,000 75,000        
Net income (loss) (18,018)              
Ending Balance at Jun. 30, 2024 (223,658) $ 3 $ 2 $ (1,697) 507,986 (16,135) (642,096) (71,721)
Ending balance, Shares at Jun. 30, 2024   32,160,000 16,090,000 75,000        
Beginning Balance at Mar. 31, 2024 (214,251) $ 3 $ 2 $ (1,697) 506,017 (15,775) (632,994) (69,807)
Beginning balance, Shares at Mar. 31, 2024   31,582,000 16,488,000 75,000        
Equity-based compensation 4,885       4,884     1
Net income (loss) (13,662)           (9,102) (4,560)
Conversion of Class B shares to Class A shares         (2,851)     2,851
Conversion of Class B shares to Class A shares, Shares   398,000 (398,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes 74       74      
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   180,000            
Loan to shareholder and accumulated interest (360)         (360)    
Distributions paid to Pre-IPO LLC Members (206)             (206)
Preferred stock dividend (2,150)       (2,150)      
Adjustment of preferred stock to redemption value 2,012       2,012      
Ending Balance at Jun. 30, 2024 $ (223,658) $ 3 $ 2 $ (1,697) $ 507,986 $ (16,135) $ (642,096) $ (71,721)
Ending balance, Shares at Jun. 30, 2024   32,160,000 16,090,000 75,000