v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Stockholders' Equity
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Non-Controlling Interest
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Class C Common Stock
Common Stock
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2024               13,843,944   35,820,912   49,119,976
Beginning balance (in units) at Dec. 31, 2024 84,940,888                      
Stockholders' equity, beginning balance at Dec. 31, 2024 $ 109,382 $ 15,329 $ 11,169 $ (638) $ 4,788 $ 94,053   $ 1   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Distributions to members (5,349)         $ (5,349)            
Conversion of Class B to Class A common stock (in shares)           (2,700)   2,700   (2,700)    
Conversion of Class B to Class A common stock 0                      
RSU vesting during period (in shares)               661,156        
Repurchases of common stock (in shares)               (102,460)        
Repurchases of common stock (163) (163)   (163)                
Class B shares issued upon vesting of LLC units (in shares)           21,191       21,191    
Equity-based compensation 2,369 2,342 2,342     $ 27            
Net income (loss) (3,267) (466)     (466) (2,801)            
Rebalancing of controlling and noncontrolling interests $ 0 (2,114) (2,114)     2,114            
Stockholders' equity, ending balance (in shares) at Mar. 31, 2025               14,405,340   35,839,403   49,119,976
Ending balance (in units) at Mar. 31, 2025 84,959,379                      
Stockholders' equity, ending balance at Mar. 31, 2025 $ 102,972 14,928 11,397 (801) 4,322 88,044   $ 1   $ 4   $ 5
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2024               13,843,944   35,820,912   49,119,976
Beginning balance (in units) at Dec. 31, 2024 84,940,888                      
Stockholders' equity, beginning balance at Dec. 31, 2024 $ 109,382 15,329 11,169 (638) 4,788 94,053   $ 1   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) $ (4,380)                      
Stockholders' equity, ending balance (in shares) at Jun. 30, 2025               14,854,393   35,843,115   49,119,976
Ending balance (in units) at Jun. 30, 2025 84,963,091                      
Stockholders' equity, ending balance at Jun. 30, 2025 $ 102,682 15,281 12,113 (998) 4,156 87,401   $ 1   $ 4   $ 5
Stockholders' equity, beginning balance (in shares) at Mar. 31, 2025               14,405,340   35,839,403   49,119,976
Beginning balance (in units) at Mar. 31, 2025 84,959,379                      
Stockholders' equity, beginning balance at Mar. 31, 2025 $ 102,972 14,928 11,397 (801) 4,322 88,044   $ 1   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Distributions to members (1,308)         $ (1,308)            
RSU vesting during period (in shares)               581,177        
Repurchases of common stock (in shares)               (132,124)        
Repurchases of common stock (197) (197)   (197)                
Class B shares issued upon vesting of LLC units (in shares)           3,712       3,712    
Equity-based compensation 2,328 2,318 2,318     $ 10            
Net income (loss) (1,113) (166)     (166) (947)            
Rebalancing of controlling and noncontrolling interests $ 0 (1,602) (1,602)     1,602            
Stockholders' equity, ending balance (in shares) at Jun. 30, 2025               14,854,393   35,843,115   49,119,976
Ending balance (in units) at Jun. 30, 2025 84,963,091                      
Stockholders' equity, ending balance at Jun. 30, 2025 $ 102,682 15,281 12,113 (998) 4,156 87,401   $ 1   $ 4   $ 5
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2025             15,518,024 15,518,024 35,822,342 35,822,342 49,119,976 49,119,976
Beginning balance (in units) at Dec. 31, 2025 84,942,318                      
Stockholders' equity, beginning balance at Dec. 31, 2025 $ 79,637 12,301 16,024 (1,094) (2,640) 67,336   $ 2   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Distributions to members (1,365)         (1,365)            
RSU vesting during period (in shares)               644,968        
Equity-based compensation 1,528 1,528 1,528                  
Net income (loss) (8,453) (1,511)     (1,511) (6,942)            
Rebalancing of controlling and noncontrolling interests $ 0 (913) (913)     913            
Stockholders' equity, ending balance (in shares) at Mar. 31, 2026               16,162,992   35,822,342   49,119,976
Ending balance (in units) at Mar. 31, 2026 84,942,318                      
Stockholders' equity, ending balance at Mar. 31, 2026 $ 71,347 11,405 16,639 (1,094) (4,151) 59,942   $ 2   $ 4   $ 5
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2025             15,518,024 15,518,024 35,822,342 35,822,342 49,119,976 49,119,976
Beginning balance (in units) at Dec. 31, 2025 84,942,318                      
Stockholders' equity, beginning balance at Dec. 31, 2025 $ 79,637 12,301 16,024 (1,094) (2,640) 67,336   $ 2   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) $ (7,611)                      
Stockholders' equity, ending balance (in shares) at Jun. 30, 2026             16,880,477 16,880,477 35,822,342 35,822,342 49,119,976 49,119,976
Ending balance (in units) at Jun. 30, 2026 84,942,318                      
Stockholders' equity, ending balance at Jun. 30, 2026 $ 73,312 12,154 17,368 (1,094) (4,131) 61,158   $ 2   $ 4   $ 5
Stockholders' equity, beginning balance (in shares) at Mar. 31, 2026               16,162,992   35,822,342   49,119,976
Beginning balance (in units) at Mar. 31, 2026 84,942,318                      
Stockholders' equity, beginning balance at Mar. 31, 2026 $ 71,347 11,405 16,639 (1,094) (4,151) 59,942   $ 2   $ 4   $ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Distributions to members (155)         (155)            
RSU vesting during period (in shares)               717,485        
Equity-based compensation 1,278 1,278 1,278                  
Net income (loss) 842 20     20 822            
Rebalancing of controlling and noncontrolling interests $ 0 (549) (549)     549            
Stockholders' equity, ending balance (in shares) at Jun. 30, 2026             16,880,477 16,880,477 35,822,342 35,822,342 49,119,976 49,119,976
Ending balance (in units) at Jun. 30, 2026 84,942,318                      
Stockholders' equity, ending balance at Jun. 30, 2026 $ 73,312 $ 12,154 $ 17,368 $ (1,094) $ (4,131) $ 61,158   $ 2   $ 4   $ 5