v3.26.1
Net Loss per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share
The following table provides the computation of basic and diluted net income (loss) per share:
Three Months Ended March 31,
20262025
(in thousands, except per share data)
Numerator–basic:
Net income (loss) attributable to Class A common stockholders–basic
$1,223 $(20,480)
Numerator–diluted:
Net income (loss) attributable to Class A common stockholders–basic$1,223 $(20,480)
Effect of dilutive securities:
Net income (loss) attributable to Class V common stockholders
1,457 — 
Liability-classified warrants— — 
Net income (loss) attributable to Class A common stockholders–diluted
$2,680 $(20,480)
Denominator–basic:
Weighted average Class A common shares outstanding–basic3,288 3,260 
Net income (loss) per share attributable to Class A common stockholders–basic
$0.37 $(6.28)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic3,288 3,260 
Weighted average effect of dilutive securities:
Shares of Class V common stock3,919 — 
Restricted stock units
3 — 
Equity-classified warrants
1,207 — 
Liability-classified warrants— — 
Weighted average shares outstanding–diluted8,417 3,260 
Net income (loss) per share attributable to Class A common stockholders–diluted
$0.32 $(6.28)
Schedule of potential dilutive securities excluded from the computation of diluted net loss per share their effect would have been anti-dilutive The following table presents potentially dilutive securities excluded from the computation of diluted net income (loss) per share for the periods presented because their effect would have been anti-dilutive.
Three Months Ended March 31,
20262025
(in thousands)
Stock warrants (1)
8,4926,358
Stock options (1)
450433
Restricted stock units (1)
165141 
Shares of Class V common stock (2)
—3,919 
Total9,10710,851
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(1)Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net income (loss) per share.
(2)Shares of Class V common stock at the end of the period are considered antidilutive shares of Class A common stock under application of the if-converted method in 2025.