Segment Information - Schedule of Reporting Segment (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||
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Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
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Segment Reporting Information [Line Items] | ||||||
Revenues | $ 241,570,000 | $ 233,476,000 | $ 472,900,000 | $ 467,984,000 | ||
Cost of Services ("COS") | ||||||
Costs of services (exclusive of depreciation and amortization of intangible assets shown below) | 60,823,000 | 61,369,000 | 121,259,000 | 121,446,000 | ||
General and Administrative ("G&A") | ||||||
General and Administrative Expenses | 52,937,000 | 34,551,000 | 103,572,000 | 69,408,000 | ||
Depreciation | 25,261,000 | 21,811,000 | 49,807,000 | 42,800,000 | ||
Amortization of intangible assets | 85,971,000 | 85,971,000 | 171,942,000 | 171,942,000 | ||
Loss on impairment of goodwill and intangible assets | 0 | 553,701,000 | 0 | 1,072,751,000 | ||
Total expenses | 224,992,000 | 757,403,000 | 446,580,000 | 1,478,347,000 | ||
Operating income (loss) | 16,578,000 | (523,927,000) | 26,320,000 | (1,010,363,000) | ||
Interest expense | 99,746,000 | 81,129,000 | 191,382,000 | 163,327,000 | ||
Interest income | (323,000) | (551,000) | (811,000) | (1,477,000) | ||
Transaction costs - Refinancing Transaction | 87,000 | $ 7,800,000 | 0 | 7,879,000 | 0 | $ 63,900,000 |
Loss (gain) on extinguishment of debt | 0 | 0 | 670,000 | (5,913,000) | ||
Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares | 0 | (259,000) | 0 | (389,000) | ||
Net loss before taxes | (82,932,000) | (604,246,000) | (172,800,000) | (1,165,911,000) | ||
Benefit for income taxes | (20,292,000) | (27,519,000) | (38,841,000) | (49,495,000) | ||
Net loss | (62,640,000) | (576,727,000) | (133,959,000) | (1,116,416,000) | ||
Reportable Segment | ||||||
Segment Reporting Information [Line Items] | ||||||
Revenues | 241,570,000 | 233,476,000 | 472,900,000 | 467,984,000 | ||
Cost of Services ("COS") | ||||||
Personnel costs (excluding SBC) | 46,084,000 | 47,731,000 | 93,963,000 | 95,794,000 | ||
Stock Based Compensation (including cRSUs) | 2,518,000 | 2,298,000 | 4,295,000 | 4,054,000 | ||
Access and Bill Review Fees | 6,713,000 | 4,670,000 | 12,221,000 | 9,571,000 | ||
Other COS Expense | 5,508,000 | 6,670,000 | 10,780,000 | 12,027,000 | ||
Costs of services (exclusive of depreciation and amortization of intangible assets shown below) | 60,823,000 | 61,369,000 | 121,259,000 | 121,446,000 | ||
General and Administrative ("G&A") | ||||||
Personnel costs (excluding SBC) | 18,307,000 | 13,874,000 | 35,075,000 | 28,813,000 | ||
Stock Based Compensation (including cRSUs) | 6,580,000 | 5,019,000 | 11,521,000 | 8,957,000 | ||
Other G&A Expense | 28,050,000 | 15,658,000 | 56,976,000 | 31,638,000 | ||
General and Administrative Expenses | 52,937,000 | 34,551,000 | 103,572,000 | 69,408,000 | ||
Depreciation | 25,261,000 | 21,811,000 | 49,807,000 | 42,800,000 | ||
Amortization of intangible assets | 85,971,000 | 85,971,000 | 171,942,000 | 171,942,000 | ||
Loss on impairment of goodwill and intangible assets | 0 | 553,701,000 | 0 | 1,072,751,000 | ||
Total expenses | 224,992,000 | 757,403,000 | 446,580,000 | 1,478,347,000 | ||
Operating income (loss) | 16,578,000 | (523,927,000) | 26,320,000 | (1,010,363,000) | ||
Interest expense | 99,746,000 | 81,129,000 | 191,382,000 | 163,327,000 | ||
Interest income | (323,000) | (551,000) | (811,000) | (1,477,000) | ||
Transaction costs - Refinancing Transaction | 87,000 | 0 | 7,879,000 | 0 | ||
Loss (gain) on extinguishment of debt | 0 | 0 | 670,000 | (5,913,000) | ||
Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares | 0 | (259,000) | 0 | (389,000) | ||
Net loss before taxes | (82,932,000) | (604,246,000) | (172,800,000) | (1,165,911,000) | ||
Benefit for income taxes | (20,292,000) | (27,519,000) | (38,841,000) | (49,495,000) | ||
Net loss | $ (62,640,000) | $ (576,727,000) | $ (133,959,000) | $ (1,116,416,000) |
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- Definition Cost, Access and Bill Review Fees No definition available.
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- Definition Cost, Direct Labor, Excluding Share-Based Compensation No definition available.
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- Definition Cost, Direct Labor, Share-Based Compensation No definition available.
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- Definition Cost Of Goods And Service, Excluding Depreciation, Depletion, and Amortization, Other No definition available.
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- Definition Gain (Loss) On Warrants And Rights No definition available.
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- Definition Refinancing Transaction Costs No definition available.
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- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer and officer employees. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Details
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