v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE NON-CONTROLLING INTEREST, REDEEMABLE PREFERRED NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Common Class A
Common Class B
Common Class D
Redeemable preferred non-controlling interests
Redeemable non-controlling interests
Common stock
Common Class A
Common stock
Common Class B
Common stock
Common Class D
Additional Paid-in capital
Additional Paid-in capital
Common Class A
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Non-redeemable non-controlling interests
Treasury Stock
Common Class A
Beginning balance at Dec. 31, 2024         $ 130,000 $ 482,863                  
Increase (Decrease) In Temporary Equity And Redeemable Noncontrolling Interest [Abstract]                              
Net (loss) income           1,006                  
Other comprehensive income (loss)           (469)                  
Stock-based compensation           1,458                  
Accretion of the redeemable preferred non-controlling interest to its redemption amount         2,617 2,180                  
Change in redemption value of Redeemable non-controlling interests $ (2,617)         (205,959)                  
Payment of preferred dividend         (2,617)                    
Ending balance at Mar. 31, 2025         130,000 276,719                  
Beginning balance (in shares) at Dec. 31, 2024             30,065,260 71,500,000 72,899,037            
Beginning balance, treasury (in shares) at Dec. 31, 2024                             (1,635,783)
Beginning balance at Dec. 31, 2024 (147,831)           $ 3 $ 7 $ 7 $ 0   $ (137,004) $ 152 $ 618 $ (11,614)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net (loss) income 278                     202   76  
Other comprehensive income (loss) (94)                       (94)    
Issuance of Class A common stock for vesting of equity awards net of tax withholdings (in shares)             542,404                
Issuance of Class A common stock for vesting of equity awards net of tax withholdings   $ (382)                 $ (382)        
Stock-based compensation 293                 293          
Distributions to non-redeemable non-controlling interests (60)                         (60)  
Change in redemption value of redeemable non-controlling interests 205,959                 89   205,870      
Accretion of the redeemable preferred non-controlling interest to its redemption amount (437)                     (437)      
Ending balance (in shares) at Mar. 31, 2025             30,607,664 71,500,000 72,899,037            
Ending balance, treasury (in shares) at Mar. 31, 2025                             (1,635,783)
Ending balance at Mar. 31, 2025 57,726           $ 3 $ 7 $ 7 0   68,631 58 634 $ (11,614)
Beginning balance at Dec. 31, 2025 [1]         130,000 377,898                  
Increase (Decrease) In Temporary Equity And Redeemable Noncontrolling Interest [Abstract]                              
Net (loss) income           (4,689)                  
Other comprehensive income (loss)           1,005                  
Stock-based compensation           1,698                  
Accretion of the redeemable preferred non-controlling interest to its redemption amount         9,534 7,878                  
Change in redemption value of Redeemable non-controlling interests (9,534)       (6,090) (24,567)                  
Payment of preferred dividend         (3,444)                    
Redeemable preferred non-controlling interest issuance, net of issuance costs and warrants         113,910                    
Redemption of redeemable preferred non‑controlling interest         (100,000)                    
Ending balance at Mar. 31, 2026 [1]         $ 150,000 $ 343,467                  
Beginning balance (in shares) at Dec. 31, 2025   28,997,378 121,500,000 22,899,037     30,633,161 121,500,000 22,899,037            
Beginning balance, treasury (in shares) at Dec. 31, 2025   (1,635,783)                         (1,635,783)
Beginning balance at Dec. 31, 2025 (10,141) [1]           $ 3 $ 12 $ 2 0   (1,307) (26) 2,789 $ (11,614)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net (loss) income (904)                     (986)   82  
Other comprehensive income (loss) 210                       210    
Issuance of Class A common stock for vesting of equity awards net of tax withholdings (in shares)             1,360,166                
Issuance of Class A common stock for vesting of equity awards net of tax withholdings   $ (1,343)                 $ (1,343)        
Stock-based compensation 357                 357          
Distributions to non-redeemable non-controlling interests (65)                         (65)  
Change in redemption value of redeemable non-controlling interests 24,567                 986   23,581      
Capital contribution from non-redeemable non-controlling interests 7,402                         7,402  
Accretion of the redeemable preferred non-controlling interest to its redemption amount (1,656)                     (1,656)      
Ending balance (in shares) at Mar. 31, 2026   30,357,544 121,500,000 22,899,037     31,993,327 121,500,000 22,899,037            
Ending balance, treasury (in shares) at Mar. 31, 2026   (1,635,783)                         (1,635,783)
Ending balance at Mar. 31, 2026 $ 18,427 [1]           $ 3 $ 12 $ 2 $ 0   $ 19,632 $ 184 $ 10,208 $ (11,614)
[1] Includes amounts related to consolidated VIEs, which are presented separately in the table below.