Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
Condensed Consolidated Statements of Changes to Stockholders' Equity (Deficit) (Unaudited) - 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, 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        
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        
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     13,738,000          
Ending balance, Shares at Jun. 30, 2025   35,082,000   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     13,738,000          
Ending balance, Shares at Jun. 30, 2025   35,082,000   75,000        
Beginning Balance at Dec. 31, 2025 $ (371,953) $ 3 $ 1 $ (1,697) 489,732 (16,603) (740,520) (102,869)
Beginning balance, Shares at Dec. 31, 2025   35,256,000 13,738,000          
Beginning balance, Shares at Dec. 31, 2025 75     75,000        
Equity-based compensation $ 1,984       1,984      
Net income (loss) (820)           (725) (95)
Conversion of Class B shares to Class A shares   $ 1 $ (1)   (47,449)     47,449
Conversion of Class B shares to Class A shares, Shares   6,435,000 (6,435,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   121,000            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (632)       (632)      
Loan to shareholder and accumulated interest (413)         (413)    
Distributions paid to Pre-IPO LLC Members (138)             (138)
Ending Balance at Mar. 31, 2026 (371,972) $ 4   $ (1,697) 443,635 (17,016) (741,245) (55,653)
Ending balance, Shares at Mar. 31, 2026   41,812,000 7,303,000          
Ending balance, Shares at Mar. 31, 2026       75,000        
Beginning Balance at Dec. 31, 2025 $ (371,953) $ 3 $ 1 $ (1,697) 489,732 (16,603) (740,520) (102,869)
Beginning balance, Shares at Dec. 31, 2025   35,256,000 13,738,000          
Beginning balance, Shares at Dec. 31, 2025 75     75,000        
Net income (loss) $ (5,651)              
Ending Balance at Jun. 30, 2026 $ (376,095) $ 4   $ (1,697) 443,147 (17,502) (745,382) (54,665)
Ending balance, Shares at Jun. 30, 2026   42,196,000 7,110,000          
Ending balance, Shares at Jun. 30, 2026 75     75,000        
Beginning Balance at Mar. 31, 2026 $ (371,972) $ 4   $ (1,697) 443,635 (17,016) (741,245) (55,653)
Beginning balance, Shares at Mar. 31, 2026   41,812,000 7,303,000          
Beginning balance, Shares at Mar. 31, 2026       75,000        
Equity-based compensation 1,703       1,703      
Net income (loss) (4,831)           (4,137) (694)
Conversion of Class B shares to Class A shares         (1,720)     1,720
Conversion of Class B shares to Class A shares, Shares   193,000 (193,000)          
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares   191,000            
Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes (471)       (471)      
Loan to shareholder and accumulated interest (486)         (486)    
Distributions paid to Pre-IPO LLC Members (38)             (38)
Ending Balance at Jun. 30, 2026 $ (376,095) $ 4   $ (1,697) $ 443,147 $ (17,502) $ (745,382) $ (54,665)
Ending balance, Shares at Jun. 30, 2026   42,196,000 7,110,000          
Ending balance, Shares at Jun. 30, 2026 75     75,000