v3.26.1
Unaudited Condensed Consolidated Statements of Stockholders'/Member's (Deficit) Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Member's Interest
Common stock
Additional Paid-in Capital
Accumulated deficit
Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2024 $ 778,424 $ 1,092,299     $ (320,736) $ 6,861
Beginning Balance, shares at Dec. 31, 2024   103,887        
Net loss (34,915)       (34,915)  
Contributions from member 499 $ 499        
Other comprehensive income (loss) (9,123)         (9,123)
Ending Balance at Mar. 31, 2025 734,885 $ 1,092,798     (355,651) (2,262)
Ending Balance, shares at Mar. 31, 2025   103,887        
Beginning Balance at Dec. 31, 2024 778,424 $ 1,092,299     (320,736) 6,861
Beginning Balance, shares at Dec. 31, 2024   103,887        
Net loss (48,843)          
Other comprehensive income (loss) (8,560)          
Ending Balance at Jun. 30, 2025 721,754 $ 1,093,032     (369,579) (1,699)
Ending Balance, shares at Jun. 30, 2025   103,887        
Beginning Balance at Mar. 31, 2025 734,885 $ 1,092,798     (355,651) (2,262)
Beginning Balance, shares at Mar. 31, 2025   103,887        
Net loss (13,928)       (13,928)  
Contributions from member 234 $ 234        
Other comprehensive income (loss) 563         563
Ending Balance at Jun. 30, 2025 721,754 $ 1,093,032     (369,579) (1,699)
Ending Balance, shares at Jun. 30, 2025   103,887        
Beginning Balance at Dec. 31, 2025 (126,746) $ 1,094,620     (1,225,641) 4,275
Beginning Balance, shares at Dec. 31, 2025   103,887        
Net loss (65,953)       (65,953)  
Other comprehensive income (loss) (11,310)         (11,310)
Ending Balance at Mar. 31, 2026 (204,009) $ 1,094,620 $ 0   (1,291,594) (7,035)
Ending Balance, shares at Mar. 31, 2026   103,887 0      
Beginning Balance at Dec. 31, 2025 (126,746) $ 1,094,620     (1,225,641) 4,275
Beginning Balance, shares at Dec. 31, 2025   103,887        
Net loss (114,780)          
Other comprehensive income (loss) (16,829)          
Ending Balance at Jun. 30, 2026 (388,617) $ 0 $ 1,039 $ 1,092,791 (1,469,893) (12,554)
Ending Balance, shares at Jun. 30, 2026   0 103,887      
Beginning Balance at Mar. 31, 2026 (204,009) $ 1,094,620 $ 0   (1,291,594) (7,035)
Beginning Balance, shares at Mar. 31, 2026   103,887 0      
Net loss (48,827)       (48,827)  
Contributions from member 266 $ 266        
Distribution of assets to member (130,528) (1,056)     (129,472)  
Conversion of member's interest to common stock   $ (1,093,830) $ 1,039 1,092,791    
Conversion of member's interest to common stock, shares   (103,887) 103,887      
Other comprehensive income (loss) (5,519)         (5,519)
Ending Balance at Jun. 30, 2026 $ (388,617) $ 0 $ 1,039 $ 1,092,791 $ (1,469,893) $ (12,554)
Ending Balance, shares at Jun. 30, 2026   0 103,887