v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024       141,976 110,684        
Beginning balance at Dec. 31, 2024 $ 577,209     $ 1,420 $ 1,107 $ 181,874 $ 140,891 $ 0 $ 251,917
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       2,639          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (4,744)     $ 26   (4,770)      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         4,558     (4,558)
Stock-based compensation 17,192         9,715     7,477
Net loss (122,690)           (69,536)   (53,154)
Foreign currency translation adjustment 1,016             574 442
Ending balance (in shares) at Jun. 30, 2025       144,615 110,684        
Ending balance at Jun. 30, 2025 467,983     $ 1,446 $ 1,107 191,377 71,355 574 202,124
Beginning balance (in shares) at Mar. 31, 2025       143,958 110,684        
Beginning balance at Mar. 31, 2025 530,273     $ 1,440 $ 1,107 186,797 110,946 324 229,659
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       657          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes 316     $ 6   310      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         427     (427)
Stock-based compensation 6,789         3,843     2,946
Net loss (69,837)           (39,591)   (30,246)
Foreign currency translation adjustment 442             250 192
Ending balance (in shares) at Jun. 30, 2025       144,615 110,684        
Ending balance at Jun. 30, 2025 467,983     $ 1,446 $ 1,107 191,377 71,355 574 202,124
Beginning balance (in shares) at Dec. 31, 2025   145,324 110,684 145,324 110,684        
Beginning balance at Dec. 31, 2025 372,711     $ 1,453 $ 1,107 199,177 10,118 524 160,332
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       3,564          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (5,949)     $ 36   (5,985)      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         4,726     (4,726)
Stock-based compensation 16,948         9,680     7,268
Net loss (28,008)           (16,149)   (11,859)
Foreign currency translation adjustment (114)             (65) (49)
Ending balance (in shares) at Jun. 30, 2026   148,888 110,684 148,888 110,684        
Ending balance at Jun. 30, 2026 355,588     $ 1,489 $ 1,107 207,598 (6,031) 459 150,966
Beginning balance (in shares) at Mar. 31, 2026       147,496 110,684        
Beginning balance at Mar. 31, 2026 369,083     $ 1,475 $ 1,107 202,131 6,385 466 157,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (in shares)       1,392          
Issuance of Class A common stock under employee equity plans, net of shares withheld for employee taxes (2,057)     $ 14   (2,071)      
Non-controlling interest adjustment for changes in proportionate ownership in Topco LLC 0         1,699     (1,699)
Stock-based compensation 10,205         5,839     4,366
Net loss (21,631)           (12,416)   (9,215)
Foreign currency translation adjustment (12)             (7) (5)
Ending balance (in shares) at Jun. 30, 2026   148,888 110,684 148,888 110,684        
Ending balance at Jun. 30, 2026 $ 355,588     $ 1,489 $ 1,107 $ 207,598 $ (6,031) $ 459 $ 150,966