v3.25.2
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Class A
Common Stock
Class A
Common Stock
Class B
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Shareholder's equity (deficit)
Non-controlling Interest
Balance at Dec. 31, 2023 $ (488,994)   $ 1 $ 6 $ 11,699 $ (216) $ (68,595) $ (57,105) $ (431,889)
Balance (in Shares) at Dec. 31, 2023     9,445,972 62,440,940          
Conversion of warrants to common shares 93       (7,137)     (7,137) 7,230
Conversion of warrants to common shares (in Shares)     9,126            
Conversion of Class B common stock to Class A common stock (in Shares)     2,400,000 (2,400,000)          
Conversion of Class B common stock to Class A common stock         (14,733)     (14,733) 14,733
RSU issuances 567       85     85 482
Net (loss) income 114,024           17,169 17,169 96,855
Foreign currency translation gain (loss) 4         1   1 3
Balance at Mar. 31, 2024 (374,306)   $ 1 $ 6 (10,086) (215) (51,426) (61,720) (312,586)
Balance (in Shares) at Mar. 31, 2024     11,855,098 60,040,940          
Balance at Dec. 31, 2023 (488,994)   $ 1 $ 6 11,699 (216) (68,595) (57,105) (431,889)
Balance (in Shares) at Dec. 31, 2023     9,445,972 62,440,940          
Net (loss) income 122,052 $ 122,052              
Foreign currency translation gain (loss) (4)                
Balance at Jun. 30, 2024 (299,473)   $ 1 $ 7 5,681 (216) (50,192) (44,719) (254,754)
Balance (in Shares) at Jun. 30, 2024     12,079,955 68,815,940          
Balance at Mar. 31, 2024 (374,306)   $ 1 $ 6 (10,086) (215) (51,426) (61,720) (312,586)
Balance (in Shares) at Mar. 31, 2024     11,855,098 60,040,940          
Release of earnout Common shares from escrow and other 66,255     $ 1 15,681     15,682 50,573
Release of earnout Common shares from escrow and other (in Shares)     224,857 8,775,000          
RSU issuances 558       86     86 472
Net (loss) income 8,028 8,028         1,234 1,234 6,794
Foreign currency translation gain (loss) (8)         (1)   (1) (7)
Balance at Jun. 30, 2024 (299,473)   $ 1 $ 7 5,681 (216) (50,192) (44,719) (254,754)
Balance (in Shares) at Jun. 30, 2024     12,079,955 68,815,940          
Balance at Dec. 31, 2024 (20,097)   $ 3 $ 5 37,808 (243) (46,538) (8,965) (11,132)
Balance (in Shares) at Dec. 31, 2024     36,106,345 44,815,937          
Conversion of Class B common stock to Class A common stock (in Shares)     1,750 (1,750)          
Conversion of Class B common stock to Class A common stock         (18)     (18) 18
Reclassification of warrants to equity 1,825       815     815 1,010
RSU issuances 332       148     148 184
RSU issuances (in Shares)     118,832            
Net (loss) income (8,092)           (3,615) (3,615) (4,477)
Foreign currency translation gain (loss) 85         38   38 47
Balance at Mar. 31, 2025 (25,947)   $ 3 $ 5 38,753 (205) (50,153) (11,597) (14,350)
Balance (in Shares) at Mar. 31, 2025     36,226,927 44,814,187          
Balance at Dec. 31, 2024 (20,097)   $ 3 $ 5 37,808 (243) (46,538) (8,965) (11,132)
Balance (in Shares) at Dec. 31, 2024     36,106,345 44,815,937          
Net (loss) income 17,020 17,020              
Foreign currency translation gain (loss) 1,347                
Balance at Jun. 30, 2025 924   $ 3 $ 5 38,975 358 (38,927) 414 510
Balance (in Shares) at Jun. 30, 2025     36,232,805 44,814,187          
Balance at Mar. 31, 2025 (25,947)   $ 3 $ 5 38,753 (205) (50,153) (11,597) (14,350)
Balance (in Shares) at Mar. 31, 2025     36,226,927 44,814,187          
RSU issuances 497       222     222 275
RSU issuances (in Shares)     5,878            
Net (loss) income 25,112 $ 25,112         11,226 11,226 13,886
Foreign currency translation gain (loss) 1,262         563   563 699
Balance at Jun. 30, 2025 $ 924   $ 3 $ 5 $ 38,975 $ 358 $ (38,927) $ 414 $ 510
Balance (in Shares) at Jun. 30, 2025     36,232,805 44,814,187