v3.26.1
Condensed Consolidated Statements of Changes in Permanent Equity (Deficit) - USD ($)
$ in Thousands
Total
Class A Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Treasury Shares
Class A Common Stock
Additional paid-in capital
Accumulated Other Comprehensive Gain (Loss)
Retained Earnings
Non-Controlling Interest
Beginning Balance at Dec. 31, 2024 $ 44,118   $ 5 $ 28   $ 11,782   $ 916 $ 31,387
Beginning Balance, Shares at Dec. 31, 2024     4,913,064 27,886,912          
Net loss (1,964)             (301) (1,663)
Stock-based compensation 734         734      
Adjustment to tax liabilities and assets under Tax Receivable Agreement ("TRA") 105         105      
Exchange of non-controlling interest for Class A common stock           142     (142)
Exchange of non-controlling interest for Class A common stock, Shares     125,397 (125,397)          
Purchase of Class A common stock under stock repurchase plan (201)       $ (201)        
Purchase of Class A common stock under stock repurchase plan, Shares         33,338        
Ending Balance at Mar. 31, 2025 42,792   $ 5 $ 28 $ (201) 12,763   615 29,582
Ending Balance, Shares at Mar. 31, 2025     5,038,461 27,761,515          
Ending ,Treasury Shares at Mar. 31, 2025         33,338        
Beginning Balance at Dec. 31, 2024 44,118   $ 5 $ 28   11,782   916 31,387
Beginning Balance, Shares at Dec. 31, 2024     4,913,064 27,886,912          
Net loss (3,662) $ (3,662)              
Foreign currency translation adjustment 150                
Ending Balance at Jun. 30, 2025 41,026   $ 5 $ 28 $ (201) 13,460 $ 150 354 27,230
Ending Balance, Shares at Jun. 30, 2025     5,211,051 27,682,719          
Ending ,Treasury Shares at Jun. 30, 2025         33,338        
Beginning Balance at Dec. 31, 2024 44,118   $ 5 $ 28   11,782   916 31,387
Beginning Balance, Shares at Dec. 31, 2024     4,913,064 27,886,912          
Purchase of Class A common stock under stock repurchase plan   $ (201)              
Purchase of Class A common stock under stock repurchase plan, Shares   33,338              
Ending Balance at Dec. 31, 2025 26,506   $ 5 $ 28 $ (201) 14,796 7 (2,111) 13,982
Ending Balance, Shares at Dec. 31, 2025     5,265,565 27,681,719          
Ending ,Treasury Shares at Dec. 31, 2025         33,338        
Beginning Balance at Mar. 31, 2025 42,792   $ 5 $ 28 $ (201) 12,763   615 29,582
Beginning Balance, Shares at Mar. 31, 2025     5,038,461 27,761,515          
Beginning ,Treasury Shares at Mar. 31, 2025         33,338        
Net loss (1,698) $ (1,698)           (261) (1,437)
Foreign currency translation adjustment 150           150    
Stock-based compensation 734         734      
Stock-based compensation, shares     93,794            
Adjustment to tax liabilities and assets under Tax Receivable Agreement ("TRA") 36         36      
Exchange of non-controlling interest for Class A common stock           84     (84)
Exchange of non-controlling interest for Class A common stock, Shares     78,796 (78,796)          
Dividends paid (157)         (157)      
Distributions paid to Non-controlling interest (831)               (831)
Ending Balance at Jun. 30, 2025 41,026   $ 5 $ 28 $ (201) 13,460 150 354 27,230
Ending Balance, Shares at Jun. 30, 2025     5,211,051 27,682,719          
Ending ,Treasury Shares at Jun. 30, 2025         33,338        
Beginning Balance at Dec. 31, 2025 26,506   $ 5 $ 28 $ (201) 14,796 7 (2,111) 13,982
Beginning Balance, Shares at Dec. 31, 2025     5,265,565 27,681,719          
Beginning ,Treasury Shares at Dec. 31, 2025         33,338        
Net loss (7,199)             (1,166) (6,033)
Stock-based compensation 734         734      
Shares issued upon RSU vesting, Shares     16,667            
Exchange of non-controlling interest for Class A common stock           171     (171)
Exchange of non-controlling interest for Class A common stock, Shares     81,909 (81,909)          
Net change in foreign currency translation adjustment (134)           (134)    
Ending Balance at Mar. 31, 2026 19,907   $ 5 $ 28 $ (201) 15,701 (127) (3,277) 7,778
Ending Balance, Shares at Mar. 31, 2026     5,364,141 27,599,810          
Ending ,Treasury Shares at Mar. 31, 2026         33,338        
Beginning Balance at Dec. 31, 2025 26,506   $ 5 $ 28 $ (201) 14,796 7 (2,111) 13,982
Beginning Balance, Shares at Dec. 31, 2025     5,265,565 27,681,719          
Beginning ,Treasury Shares at Dec. 31, 2025         33,338        
Net loss (11,832) (11,832)              
Foreign currency translation adjustment (154)                
Ending Balance at Jun. 30, 2026 15,967   $ 5 $ 28 $ (201) 16,414 (147) (4,031) 3,899
Ending Balance, Shares at Jun. 30, 2026     5,364,808 27,599,810          
Ending ,Treasury Shares at Jun. 30, 2026         33,338        
Beginning Balance at Mar. 31, 2026 19,907   $ 5 $ 28 $ (201) 15,701 (127) (3,277) 7,778
Beginning Balance, Shares at Mar. 31, 2026     5,364,141 27,599,810          
Beginning ,Treasury Shares at Mar. 31, 2026         33,338        
Net loss (4,633) $ (4,633)           (754) (3,879)
Foreign currency translation adjustment (20)                
Stock-based compensation 734         734      
Adjustment to tax liabilities and assets under Tax Receivable Agreement ("TRA") (21)         (21)      
Shares issued upon RSU vesting, Shares     667            
Net change in foreign currency translation adjustment (20)           (20)    
Ending Balance at Jun. 30, 2026 $ 15,967   $ 5 $ 28 $ (201) $ 16,414 $ (147) $ (4,031) $ 3,899
Ending Balance, Shares at Jun. 30, 2026     5,364,808 27,599,810          
Ending ,Treasury Shares at Jun. 30, 2026         33,338