v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY - UNAUDITED - USD ($)
shares in Millions, $ in Millions
Total
Class A Shares
Class B Shares
Class A and Class B Convertible Common Stock
Class A and Class B Convertible Common Stock
Class A Shares
Class A and Class B Convertible Common Stock
Class B Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Loss
Beginning balance (in shares) at Dec. 31, 2024 14.1                
Beginning balance at Dec. 31, 2024 $ 112.0                
Ending balance (in shares) at Jun. 30, 2025 14.1                
Ending balance at Jun. 30, 2025 $ 112.0                
Beginning balance (in shares) at Dec. 31, 2024         11.1 4.0      
Beginning balance at Dec. 31, 2024 203.7     $ 0.0     $ 1,887.9 $ (2.3) $ (1,681.9)
Total Stockholders' Equity                  
Net income 40.4                
Other comprehensive (loss) income 4.6             4.6  
Conversion of Class B to Class A common stock (in shares)         2.2 (2.2)      
Conversion of Class B to Class A common stock 0.0                
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.3        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (19.0)           (19.0)    
Common stock—share-based compensation expense 14.8           14.8    
Ending balance (in shares) at Jun. 30, 2025         13.6 1.8      
Ending balance at Jun. 30, 2025 $ 244.5     0.0     1,883.7 2.3 (1,641.5)
Beginning balance (in shares) at Mar. 31, 2025 14.1                
Beginning balance at Mar. 31, 2025 $ 112.0                
Ending balance (in shares) at Jun. 30, 2025 14.1                
Ending balance at Jun. 30, 2025 $ 112.0                
Beginning balance (in shares) at Mar. 31, 2025         11.2 4.0      
Beginning balance at Mar. 31, 2025 228.7     0.0     1,891.5 0.7 (1,663.5)
Total Stockholders' Equity                  
Net income 22.0                
Other comprehensive (loss) income 1.6             1.6  
Conversion of Class B to Class A common stock (in shares)         2.2 (2.2)      
Conversion of Class B to Class A common stock 0.0                
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.2        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (16.2)           (16.2)    
Common stock—share-based compensation expense 8.4           8.4    
Ending balance (in shares) at Jun. 30, 2025         13.6 1.8      
Ending balance at Jun. 30, 2025 $ 244.5     0.0     1,883.7 2.3 (1,641.5)
Beginning balance (in shares) at Dec. 31, 2025 14.1                
Beginning balance at Dec. 31, 2025 $ 112.0                
Ending balance (in shares) at Jun. 30, 2026 14.1                
Ending balance at Jun. 30, 2026 $ 112.0                
Beginning balance (in shares) at Dec. 31, 2025   13.7 1.8   13.7 1.8      
Beginning balance at Dec. 31, 2025 284.3     0.0     1,922.0 3.9 (1,641.6)
Total Stockholders' Equity                  
Net income 61.3                
Other comprehensive (loss) income (5.9)             (5.9)  
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.4        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (10.5)           (10.5)    
Common stock—share-based compensation expense 16.0           16.0    
Common stock—repurchase and retirement (in shares)   (0.4)     (0.4)        
Common stock—repurchase and retirement (20.8) $ (20.8)         (20.8)    
Warrant compensation expense 3.5           3.5    
Ending balance (in shares) at Jun. 30, 2026   13.7 1.8   13.7 1.8      
Ending balance at Jun. 30, 2026 $ 327.9     0.0     1,910.2 (2.0) (1,580.3)
Beginning balance (in shares) at Mar. 31, 2026 14.1                
Beginning balance at Mar. 31, 2026 $ 112.0                
Ending balance (in shares) at Jun. 30, 2026 14.1                
Ending balance at Jun. 30, 2026 $ 112.0                
Beginning balance (in shares) at Mar. 31, 2026         13.9 1.8      
Beginning balance at Mar. 31, 2026 325.9     0.0     1,931.2 0.4 (1,605.7)
Total Stockholders' Equity                  
Net income 25.4                
Other comprehensive (loss) income (2.4)             (2.4)  
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (in shares)         0.2        
Common stock—option exercises and restricted stock units vesting, net of shares withheld for employee taxes (6.8)           (6.8)    
Common stock—share-based compensation expense 5.0           5.0    
Common stock—repurchase and retirement (in shares)         (0.4)        
Common stock—repurchase and retirement (20.8)           (20.8)    
Warrant compensation expense 1.6           1.6    
Ending balance (in shares) at Jun. 30, 2026   13.7 1.8   13.7 1.8      
Ending balance at Jun. 30, 2026 $ 327.9     $ 0.0     $ 1,910.2 $ (2.0) $ (1,580.3)