Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Changes to Stockholders' Equity (Deficit)

v3.25.4
Consolidated Statements of Changes to Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Treasury Stock
Additional Paid-In Capital
Receivable from Member/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 15,466         15,463     3
Net loss (98,696)             (67,658) (31,038)
Conversion of Class B shares to Class A shares, Shares     1,828,000 (1,828,000)          
Conversion of Class B shares to Class A shares (1) $ (1)       (25,240)     25,240
Vesting of Class B shares       1,000          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares     935,000            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes 129         129      
Loan to shareholder and accumulated interest (1,465)           (1,465)    
Distributions paid to Pre-IPO LLC Members (8,921)               (8,921)
Preferred stock dividend (7,809)         (7,809)      
Payment received from shareholders 14           14    
Ending balance at Dec. 31, 2024 $ (310,815)   $ 3 $ 1 $ (1,697) 503,850 (16,891) (701,837) (94,244)
Ending balance, Shares at Dec. 31, 2024     33,660,000 14,739,000          
Ending balance, Shares at Dec. 31, 2024 75,000       75,000        
Equity-based compensation $ 12,908         12,908      
Net loss (53,671)             (38,683) (14,988)
Conversion of Class B shares to Class A shares, Shares     1,001,000 (1,001,000)          
Conversion of Class B shares to Class A shares           (6,840)     6,840
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares     595,000            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (2,837)         (2,837)      
Loan to shareholder and accumulated interest (2,147)           (2,147)    
Distributions paid to Pre-IPO LLC Members (477)               (477)
Preferred stock dividend (5,694)         (5,694)      
Deemed dividend from redemption of preferred stock (11,655)         (11,655)      
Payment received from shareholders 2,435           2,435    
Ending balance at Dec. 31, 2025 $ (371,953)   $ 3 $ 1 $ (1,697) $ 489,732 $ (16,603) $ (740,520) $ (102,869)
Ending balance, Shares at Dec. 31, 2025     35,256,000 13,738,000          
Ending balance, Shares at Dec. 31, 2025 75,000       75,000