v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2023       132,228 119,094        
Beginning balance at Dec. 31, 2023 $ 789,884     $ 1,322 $ 1,191 $ 128,503 $ 285,737   $ 373,131
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Effects of Structuring Transactions (in shares)       8,410 8,410        
Effects of Structuring Transactions 0     $ 84 $ (84) 26,004     (26,004)
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       851          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (1,546)     $ 9   (1,555)      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         1,625     (1,625)
Stock-based compensation 25,820         13,760     12,060
Distribution for tax liabilities to non-controlling interest holder (572)               (572)
Net loss (41,100)           (21,867)   (19,233)
Foreign currency translation adjustment 0                
Ending balance (in shares) at Jun. 30, 2024       141,489 110,684        
Ending balance at Jun. 30, 2024 772,486     $ 1,415 $ 1,107 168,337 263,870   337,757
Beginning balance (in shares) at Mar. 31, 2024       132,655 119,094        
Beginning balance at Mar. 31, 2024 777,389     $ 1,327 $ 1,191 134,482 273,659   366,730
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Effects of Structuring Transactions (in shares)       8,410 8,410        
Effects of Structuring Transactions 0     $ 84 $ (84) 26,004     (26,004)
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       424          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes 326     $ 4   322      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         115     (115)
Stock-based compensation 13,763         7,414     6,349
Distribution for tax liabilities to non-controlling interest holder (572)               (572)
Net loss (18,420)           (9,789)   (8,631)
Foreign currency translation adjustment 0                
Ending balance (in shares) at Jun. 30, 2024       141,489 110,684        
Ending balance at Jun. 30, 2024 772,486     $ 1,415 $ 1,107 168,337 263,870   337,757
Beginning balance (in shares) at Dec. 31, 2024   141,976 110,684 141,976 110,684        
Beginning balance at Dec. 31, 2024 577,209     $ 1,420 $ 1,107 181,874 140,891 $ 0 251,917
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       2,639          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (4,744)     $ 26   (4,770)      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         4,558     (4,558)
Stock-based compensation 17,192         9,715     7,477
Net loss (122,690)           (69,536)   (53,154)
Foreign currency translation adjustment 1,016             574 442
Ending balance (in shares) at Jun. 30, 2025   144,615 110,684 144,615 110,684        
Ending balance at Jun. 30, 2025 467,983     $ 1,446 $ 1,107 191,377 71,355 574 202,124
Beginning balance (in shares) at Mar. 31, 2025       143,958 110,684        
Beginning balance at Mar. 31, 2025 530,273     $ 1,440 $ 1,107 186,797 110,946 324 229,659
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       657          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes 316     $ 6   310      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         427     (427)
Stock-based compensation 6,789         3,843     2,946
Net loss (69,837)           (39,591)   (30,246)
Foreign currency translation adjustment 442             250 192
Ending balance (in shares) at Jun. 30, 2025   144,615 110,684 144,615 110,684        
Ending balance at Jun. 30, 2025 $ 467,983     $ 1,446 $ 1,107 $ 191,377 $ 71,355 $ 574 $ 202,124