Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands |
Total |
Class A Common Stock |
Class V Common Stock |
Total Stockholders’ Equity |
Common Stock
Class A Common Stock
|
Common Stock
Class V Common Stock
|
Additional Paid-in Capital |
Accumulated Deficit |
Accumulated Other Comprehensive Income (Loss) |
Noncontrolling Interest |
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
3,793,837
|
7,200,064
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 135,714
|
|
|
$ 48,282
|
$ 0
|
$ 1
|
$ 799,683
|
$ (751,301)
|
$ (101)
|
$ 87,432
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Share-based compensation |
8,013
|
|
|
8,013
|
|
|
8,013
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding (in shares) |
|
|
|
|
118,593
|
|
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding |
(2,259)
|
|
|
(2,259)
|
|
|
(2,259)
|
|
|
|
| Equity offerings, net of issuance costs (in shares) |
|
|
|
|
1,955,924
|
|
|
|
|
|
| Equity offerings, net of issuance costs |
11,269
|
|
|
11,269
|
$ 1
|
|
11,268
|
|
|
|
| Exchange of Class V shares for Class A shares (in shares) |
|
|
|
|
4,725
|
4,725
|
|
|
|
|
| Exchange of Class V shares for Class A shares |
0
|
|
|
63
|
|
|
63
|
|
|
(63)
|
| Currency translation adjustment, net of tax |
(421)
|
|
|
(160)
|
|
|
|
|
(160)
|
(261)
|
| Unrealized losses on available-for-sale securities, net of tax |
(158)
|
|
|
(60)
|
|
|
|
|
(60)
|
(98)
|
| Net loss |
(21,275)
|
|
|
(8,165)
|
|
|
|
(8,165)
|
|
(13,110)
|
| Ending balance (in shares) at Mar. 31, 2024 |
|
|
|
|
5,873,079
|
7,195,339
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
130,883
|
|
|
56,983
|
$ 1
|
$ 1
|
816,768
|
(759,466)
|
(321)
|
73,900
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
3,793,837
|
7,200,064
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
135,714
|
|
|
48,282
|
$ 0
|
$ 1
|
799,683
|
(751,301)
|
(101)
|
87,432
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Currency translation adjustment, net of tax |
(620)
|
|
|
|
|
|
|
|
|
|
| Unrealized losses on available-for-sale securities, net of tax |
(1)
|
|
|
|
|
|
|
|
|
|
| Net loss |
(56,787)
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
6,310,548
|
7,194,941
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
102,579
|
|
|
47,794
|
$ 1
|
$ 1
|
824,023
|
(775,890)
|
(341)
|
54,785
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
5,873,079
|
7,195,339
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
130,883
|
|
|
56,983
|
$ 1
|
$ 1
|
816,768
|
(759,466)
|
(321)
|
73,900
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Share-based compensation |
2,406
|
|
|
2,406
|
|
|
2,406
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding (in shares) |
|
|
|
|
86,178
|
|
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding |
(59)
|
|
|
(59)
|
|
|
(59)
|
|
|
|
| Exercise of warrants (in shares) |
|
|
|
|
12
|
|
|
|
|
|
| Equity offerings, net of issuance costs (in shares) |
|
|
|
|
350,881
|
|
|
|
|
|
| Equity offerings, net of issuance costs |
4,903
|
|
|
4,903
|
|
|
4,903
|
|
|
|
| Exchange of Class V shares for Class A shares (in shares) |
|
|
|
|
398
|
398
|
|
|
|
|
| Exchange of Class V shares for Class A shares |
0
|
|
|
5
|
|
|
5
|
|
|
(5)
|
| Currency translation adjustment, net of tax |
(199)
|
|
|
(92)
|
|
|
|
|
(92)
|
(107)
|
| Unrealized losses on available-for-sale securities, net of tax |
157
|
|
|
72
|
|
|
|
|
72
|
85
|
| Net loss |
(35,512)
|
|
|
(16,424)
|
|
|
|
(16,424)
|
|
(19,088)
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
6,310,548
|
7,194,941
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
102,579
|
|
|
47,794
|
$ 1
|
$ 1
|
824,023
|
(775,890)
|
(341)
|
54,785
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
6,510,885
|
7,178,303
|
|
6,510,885
|
7,178,303
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
62,853
|
|
|
33,894
|
$ 1
|
$ 1
|
832,693
|
(797,960)
|
(841)
|
28,959
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Share-based compensation |
3,343
|
|
|
3,343
|
|
|
3,343
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding (in shares) |
|
|
|
|
144,937
|
|
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding |
(906)
|
|
|
(906)
|
|
|
(906)
|
|
|
|
| Exercise of warrants (in shares) |
|
|
|
|
4
|
|
|
|
|
|
| Exercise of Warrants |
1
|
|
|
1
|
|
|
1
|
|
|
|
| Exchange of Class V shares for Class A shares (in shares) |
|
|
|
|
529
|
529
|
|
|
|
|
| Exchange of Class V shares for Class A shares |
0
|
|
|
3
|
|
|
3
|
|
|
(3)
|
| Currency translation adjustment, net of tax |
29
|
|
|
14
|
|
|
|
|
14
|
15
|
| Net loss |
16,239
|
|
|
7,710
|
|
|
|
7,710
|
|
8,529
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
|
|
6,656,355
|
7,177,774
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
81,559
|
|
|
44,059
|
$ 1
|
$ 1
|
835,134
|
(790,250)
|
(827)
|
37,500
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
6,510,885
|
7,178,303
|
|
6,510,885
|
7,178,303
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
62,853
|
|
|
33,894
|
$ 1
|
$ 1
|
832,693
|
(797,960)
|
(841)
|
28,959
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Exchange of Class V shares for Class A shares (in shares) |
|
1,061,075
|
|
|
|
|
|
|
|
|
| Currency translation adjustment, net of tax |
915
|
|
|
|
|
|
|
|
|
|
| Unrealized losses on available-for-sale securities, net of tax |
0
|
|
|
|
|
|
|
|
|
|
| Net loss |
(13,915)
|
|
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
6,974,740
|
7,177,076
|
|
6,974,740
|
7,177,076
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
57,825
|
|
|
35,294
|
$ 1
|
$ 1
|
840,671
|
(804,984)
|
(395)
|
22,531
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
6,656,355
|
7,177,774
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
81,559
|
|
|
44,059
|
$ 1
|
$ 1
|
835,134
|
(790,250)
|
(827)
|
37,500
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
| Share-based compensation |
6,338
|
|
|
6,338
|
|
|
6,338
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding (in shares) |
|
|
|
|
317,687
|
|
|
|
|
|
| Shares issued upon vesting of share-based awards, net of tax withholding |
(806)
|
|
|
(806)
|
|
|
(806)
|
|
|
|
| Exchange of Class V shares for Class A shares (in shares) |
|
|
|
|
698
|
698
|
|
|
|
|
| Exchange of Class V shares for Class A shares |
0
|
|
|
5
|
|
|
5
|
|
|
(5)
|
| Currency translation adjustment, net of tax |
886
|
|
|
432
|
|
|
|
|
432
|
454
|
| Unrealized losses on available-for-sale securities, net of tax |
0
|
|
|
|
|
|
|
|
|
|
| Net loss |
(30,152)
|
|
|
(14,734)
|
|
|
|
(14,734)
|
|
(15,418)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
6,974,740
|
7,177,076
|
|
6,974,740
|
7,177,076
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 57,825
|
|
|
$ 35,294
|
$ 1
|
$ 1
|
$ 840,671
|
$ (804,984)
|
$ (395)
|
$ 22,531
|