v3.25.3
Fair Value - Changes in Fair Value of Level 3 Liabilities (Q2) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Oct. 01, 2024
Dec. 31, 2023
Earnout Liability          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Beginning balance $ 11,352 $ 14,752 $ 0 $ 0 $ 0
Additions   0   0 0
Settlement 0 (873) 0 0  
Change in fair value 3,400 (9,509) 0 0 0
Ending balance 14,752 4,370 0 11,352 0
2024 WTI Warrant liability          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Beginning balance   17,230 0 0  
Additions   0      
Settlement   0 0    
Change in fair value   (4,780) 0    
Ending balance 17,230 12,450 0   0
2025 WTI Warrant liability          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]          
Beginning balance   0 0 $ 0  
Additions   3,090      
Settlement   0 0    
Change in fair value   310 0    
Ending balance $ 0 $ 3,400 $ 0   $ 0