v3.26.1
Condensed Consolidated Statements of Stockholders’ (Deficit) Equity (unaudited) - USD ($)
$ in Thousands
Total
Prepaid written put options
Accelerated share repurchases
Forward repurchase transactions
Common Stock
Common Stock
Prepaid written put options
Common Stock
Accelerated share repurchases
Common Stock
Forward repurchase transactions
Treasury Stock
Additional paid-in capital
Additional paid-in capital
Prepaid written put options
Additional paid-in capital
Accelerated share repurchases
Additional paid-in capital
Forward repurchase transactions
Accumulated deficit
Common stock, beginning balance (in shares) at Dec. 31, 2024         178,567,403                  
Common stock, beginning balance at Dec. 31, 2024 $ (131,570)       $ 18       $ (14,295) $ 74,519       $ (191,812)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024                 1,373,736          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 27,019                         27,019
Stock-based compensation 6,282                 6,282        
Vested restricted stock units, net of withholding tax (in shares)         770,713       325,047          
Vested restricted stock units, net of withholding tax 2,268               $ (5,515) 7,783        
Exercise of stock options (in shares)         133,581                  
Exercise of stock options 616                 616        
Exercise of warrants (in shares)         30,733,623                  
Exercise of warrants 556,340       $ 3         556,337        
Repurchase and retirement of common stock (in shares)         (8,268,937)                  
Repurchase and retirement of common stock (141,139)       $ (1)         (141,138)        
Common stock, ending balance (in shares) at Mar. 31, 2025         201,936,383                  
Common stock, ending balance at Mar. 31, 2025 319,816       $ 20       $ (19,810) 504,399       (164,793)
Treasury stock, ending balance (in shares) at Mar. 31, 2025                 1,698,783          
Common stock, beginning balance (in shares) at Dec. 31, 2024         178,567,403                  
Common stock, beginning balance at Dec. 31, 2024 (131,570)       $ 18       $ (14,295) 74,519       (191,812)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024                 1,373,736          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income $ 43,657                          
Repurchase and retirement of common stock (in shares) (15,995,957)                          
Repurchase and retirement of common stock $ (294,127)                          
Common stock, ending balance (in shares) at Jun. 30, 2025         195,498,498                  
Common stock, ending balance at Jun. 30, 2025 187,690       $ 19       $ (29,768) 365,594       (148,155)
Treasury stock, ending balance (in shares) at Jun. 30, 2025                 2,175,774          
Common stock, beginning balance (in shares) at Mar. 31, 2025         201,936,383                  
Common stock, beginning balance at Mar. 31, 2025 319,816       $ 20       $ (19,810) 504,399       (164,793)
Treasury stock, beginning balance (in shares) at Mar. 31, 2025                 1,698,783          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 16,638                         16,638
Stock-based compensation 8,407                 8,407        
Vested restricted stock units, net of withholding tax (in shares)         1,123,567       476,991          
Vested restricted stock units, net of withholding tax (4,968)               $ (9,958) 4,990        
Exercise of stock options (in shares)         165,568                  
Exercise of stock options $ 785                 785        
Repurchase and retirement of common stock (in shares) (7,727,020)       (7,727,020)                  
Repurchase and retirement of common stock $ (152,988)       $ (1)         (152,987)        
Common stock, ending balance (in shares) at Jun. 30, 2025         195,498,498                  
Common stock, ending balance at Jun. 30, 2025 $ 187,690       $ 19       $ (29,768) 365,594       (148,155)
Treasury stock, ending balance (in shares) at Jun. 30, 2025                 2,175,774          
Common stock, beginning balance (in shares) at Dec. 31, 2025 185,034,502       185,034,502                  
Common stock, beginning balance at Dec. 31, 2025 $ 47,006       $ 18       $ 0 144,049       (97,061)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025                 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 26,750                         26,750
Stock-based compensation 13,793                 13,793        
Vested restricted stock units, net of withholding tax (in shares)         453,978                  
Vested restricted stock units, net of withholding tax 3,898                 3,898        
Exercise of stock options (in shares)         9,908                  
Exercise of stock options 65                 65        
Repurchase and retirement of common stock (in shares)     (3,439,381)     (1,594,650) (3,439,381) (3,265,846)            
Repurchase and retirement of common stock   $ 10,930 $ (50,000) $ (50,635)             $ 10,930 $ (50,000) $ (50,635)  
Excise tax on share repurchases (968)                 (968)        
Common stock, ending balance (in shares) at Mar. 31, 2026         177,198,511                  
Common stock, ending balance at Mar. 31, 2026 $ 839       $ 18       $ 0 71,132       (70,311)
Treasury stock, ending balance (in shares) at Mar. 31, 2026                 0          
Common stock, beginning balance (in shares) at Dec. 31, 2025 185,034,502       185,034,502                  
Common stock, beginning balance at Dec. 31, 2025 $ 47,006       $ 18       $ 0 144,049       (97,061)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025                 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income $ 44,493                          
Exercise of stock options (in shares) 174,530                          
Repurchase and retirement of common stock (in shares) 0                          
Common stock, ending balance (in shares) at Jun. 30, 2026 173,825,392       173,825,392                  
Common stock, ending balance at Jun. 30, 2026 $ (11,738)       $ 17       $ 0 40,813       (52,568)
Treasury stock, ending balance (in shares) at Jun. 30, 2026                 0          
Common stock, beginning balance (in shares) at Mar. 31, 2026         177,198,511                  
Common stock, beginning balance at Mar. 31, 2026 839       $ 18       $ 0 71,132       (70,311)
Treasury stock, beginning balance (in shares) at Mar. 31, 2026                 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income 17,743                         17,743
Stock-based compensation 16,741                 16,741        
Vested restricted stock units, net of withholding tax (in shares)         680,186       0          
Vested restricted stock units, net of withholding tax (8,671)               $ 0 (8,671)        
Exercise of stock options (in shares)         164,622                  
Exercise of stock options $ 661                 661        
Repurchase and retirement of common stock (in shares) 0   (4,217,927)   (4,217,927) 0                
Repurchase and retirement of common stock $ (60,000) $ 21,293     $ (1)         (59,999) $ 21,293      
Excise tax on share repurchases $ (344)                 (344)        
Common stock, ending balance (in shares) at Jun. 30, 2026 173,825,392       173,825,392                  
Common stock, ending balance at Jun. 30, 2026 $ (11,738)       $ 17       $ 0 $ 40,813       $ (52,568)
Treasury stock, ending balance (in shares) at Jun. 30, 2026                 0