v3.26.1
Condensed Consolidated Statements of Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Redeemable noncontrolling interests
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional paid-in capital
Treasury stock
Accumulated deficit
Accumulated other comprehensive income (loss)
Temporary equity, Balances at Dec. 31, 2024       $ 352,922            
Balances, shares at Dec. 31, 2024         7,190,975 3,811,250        
Balances at Dec. 31, 2024 $ 261,113       $ 14 $ 8 $ 1,267,710 $ (75,568) $ (930,171) $ (880)
Balances, shares at Dec. 31, 2024               (571,687)    
Net loss attributable to redeemable noncontrolling interests (5,942)     (3,846)         (5,942)  
Issuance of shares, shares         136,496          
Equity-based compensation 10,935           10,935      
Repurchases of Class A common stock share               (118,926)    
Repurchases of Class A common stock (6,917)             $ (6,917)    
Distributions to non-controlling interest       (1,689)            
Other comprehensive income (loss) 747     (429)           747
Net Settlement of Equity Incentive Awards Shares         (15,922)          
Net settlement of equity incentive awards value (1,411)           (1,411)      
Subsequent remeasurement of redeemable noncontrolling interests 122,189     (122,189)     122,189      
Balances, shares at Mar. 31, 2025         7,311,549 3,811,250        
Balances at Mar. 31, 2025 380,714     225,627 $ 14 $ 8 1,399,423 $ (82,485) (936,113) (133)
Balances, shares at Mar. 31, 2025               (690,613)    
Temporary equity, Balances at Dec. 31, 2024       352,922            
Balances, shares at Dec. 31, 2024         7,190,975 3,811,250        
Balances at Dec. 31, 2024 261,113       $ 14 $ 8 1,267,710 $ (75,568) (930,171) (880)
Balances, shares at Dec. 31, 2024               (571,687)    
Repurchases of Class A common stock (15,862)                  
Balances, shares at Jun. 30, 2025         7,403,043 3,811,250        
Balances at Jun. 30, 2025 217,337     128,822 $ 14 $ 8 1,384,399 $ (91,705) (1,075,788) (409)
Balances, shares at Jun. 30, 2025               (885,779)    
Balances, shares at Mar. 31, 2025         7,311,549 3,811,250        
Balances at Mar. 31, 2025 380,714     225,627 $ 14 $ 8 1,399,423 $ (82,485) (936,113) (133)
Balances, shares at Mar. 31, 2025               (690,613)    
Net loss attributable to redeemable noncontrolling interests (139,675)     (123,652)         (139,675)  
Issuance of shares, shares         100,410          
Equity-based compensation 11,838           11,838      
Repurchases of Class A common stock share               (195,166)    
Repurchases of Class A common stock 9,220             $ (9,220)    
Other comprehensive income (loss) 542     (316)           542
Net Settlement of Equity Incentive Awards Shares         (8,916)          
Net settlement of equity incentive awards value (331)           (331)      
Subsequent remeasurement of redeemable noncontrolling interests (26,531)     (26,531)     (26,531)      
Balances, shares at Jun. 30, 2025         7,403,043 3,811,250        
Balances at Jun. 30, 2025 217,337     $ 128,822 $ 14 $ 8 1,384,399 $ (91,705) (1,075,788) (409)
Balances, shares at Jun. 30, 2025               (885,779)    
Balances, shares at Dec. 31, 2025   11,712,157     11,712,157          
Balances at Dec. 31, 2025 $ (85,129)       $ 23   1,368,067 $ (93,920) (1,359,472) 173
Balances, shares at Dec. 31, 2025 949,665             (949,665)    
Net loss attributable to redeemable noncontrolling interests $ (14,631)               (14,631)  
Issuance of shares, shares         280,626          
Equity-based compensation 4,533           4,533      
Other comprehensive income (loss) 173                 173
Net Settlement of Equity Incentive Awards Shares         (55,707)          
Net settlement of equity incentive awards value (338)           (338)      
Balances, shares at Mar. 31, 2026         11,937,076          
Balances at Mar. 31, 2026 (95,392)       $ 23   1,372,262 $ (93,920) (1,374,103) 346
Balances, shares at Mar. 31, 2026               (949,665)    
Balances, shares at Dec. 31, 2025   11,712,157     11,712,157          
Balances at Dec. 31, 2025 $ (85,129)       $ 23   1,368,067 $ (93,920) (1,359,472) 173
Balances, shares at Dec. 31, 2025 949,665             (949,665)    
Issuance of shares, shares   403,022                
Repurchases of Class A common stock $ 0                  
Balances, shares at Jun. 30, 2026   12,190,860 3,811,250   12,190,860          
Balances at Jun. 30, 2026 $ (105,079)       $ 23   1,376,687 $ (93,920) (1,388,424) 555
Balances, shares at Jun. 30, 2026 949,665             (949,665)    
Balances, shares at Mar. 31, 2026         11,937,076          
Balances at Mar. 31, 2026 $ (95,392)       $ 23   1,372,262 $ (93,920) (1,374,103) 346
Balances, shares at Mar. 31, 2026               (949,665)    
Net loss attributable to redeemable noncontrolling interests (14,321)               (14,321)  
Issuance of shares, shares         294,525          
Equity-based compensation 4,773           4,773      
Other comprehensive income (loss) 209                 209
Net Settlement of Equity Incentive Awards Shares         (40,741)          
Net settlement of equity incentive awards value (348)           (348)      
Balances, shares at Jun. 30, 2026   12,190,860 3,811,250   12,190,860          
Balances at Jun. 30, 2026 $ (105,079)       $ 23   $ 1,376,687 $ (93,920) $ (1,388,424) $ 555
Balances, shares at Jun. 30, 2026 949,665             (949,665)