v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024   129,974 172,800      
Beginning balance at Dec. 31, 2024 $ (256,109) $ 13 $ 17 $ 0 $ (256,139)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 5,879     5,879    
Issuance of Class A common stock under share-based compensation plans (in shares)   3,558        
Shares withheld for taxes (in shares)   (220)        
Shares withheld for taxes (528)     (528)    
Net loss [1] (11,362)       (11,362)  
Redeemable noncontrolling interest adjustment to fair value 225,346       225,346  
Ending balance (in shares) at Mar. 31, 2025   133,312 172,800      
Ending balance at Mar. 31, 2025 (36,774) $ 13 $ 17 5,351 (42,155)  
Beginning balance (in shares) at Dec. 31, 2024   129,974 172,800      
Beginning balance at Dec. 31, 2024 (256,109) $ 13 $ 17 0 (256,139)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (24,360)          
Ending balance (in shares) at Jun. 30, 2025   133,526 172,800      
Ending balance at Jun. 30, 2025 (230,140) $ 13 $ 17 0 (230,170)  
Beginning balance (in shares) at Mar. 31, 2025   133,312 172,800      
Beginning balance at Mar. 31, 2025 (36,774) $ 13 $ 17 5,351 (42,155)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 7,529     7,529    
Issuance of Class A common stock under share-based compensation plans (in shares)   216        
Shares withheld for taxes (in shares)   (2)        
Shares withheld for taxes (1)     (1)    
Net loss [2] (12,998)     0 (12,998)  
Redeemable noncontrolling interest adjustment to fair value (187,896)     (12,879) (175,017)  
Ending balance (in shares) at Jun. 30, 2025   133,526 172,800      
Ending balance at Jun. 30, 2025 (230,140) $ 13 $ 17 0 (230,170)  
Beginning balance (in shares) at Dec. 31, 2025   134,718 172,800      
Beginning balance at Dec. 31, 2025 (116,904) $ 13 $ 17 7,753 (124,687) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 4,689     4,689    
Issuance of Class A common stock under share-based compensation plans (in shares)   5,723        
Issuance of Class A common stock under share-based compensation plans 0 $ 1   (1)    
Shares withheld for taxes (in shares)   (379)        
Shares withheld for taxes (991)     (991)    
Net loss [3] (16,420)       (16,420)  
Redeemable noncontrolling interest adjustment to fair value 168,361       168,361  
Ending balance (in shares) at Mar. 31, 2026   140,062 172,800      
Ending balance at Mar. 31, 2026 38,735 $ 14 $ 17 11,450 27,254 0
Beginning balance (in shares) at Dec. 31, 2025   134,718 172,800      
Beginning balance at Dec. 31, 2025 (116,904) $ 13 $ 17 7,753 (124,687) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (37,194)          
Ending balance (in shares) at Jun. 30, 2026   140,390 172,800      
Ending balance at Jun. 30, 2026 (20,450) $ 14 $ 17 0 (20,443) (38)
Beginning balance (in shares) at Mar. 31, 2026   140,062 172,800      
Beginning balance at Mar. 31, 2026 38,735 $ 14 $ 17 11,450 27,254 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 3,364     3,364    
Issuance of Class A common stock under share-based compensation plans (in shares)   328        
Issuance of Class A common stock under share-based compensation plans 0          
Shares withheld for taxes (in shares)   0        
Shares withheld for taxes 0     0    
Net loss [4] (20,773)       (20,773)  
Unrealized loss on interest rate collar, net (38)         (38)
Redeemable noncontrolling interest adjustment to fair value (41,738)     (14,814) (26,924)  
Ending balance (in shares) at Jun. 30, 2026   140,390 172,800      
Ending balance at Jun. 30, 2026 $ (20,450) $ 14 $ 17 $ 0 $ (20,443) $ (38)
[1] Excludes $14.9 million of net loss attributable to redeemable noncontrolling interest.
[2] Excludes $16.8 million of net loss attributable to redeemable noncontrolling interest
[3] Excludes $20.6 million of net loss attributable to redeemable noncontrolling interest.
[4] Excludes $25.6 million and $46 thousand of net loss and other comprehensive loss, respectively, attributable to redeemable noncontrolling interest.