v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Class A Units
Class B Units
Additional Paid In Capital
Accumulated Deficit
Accumulated Other Comprehensive Deficit
Noncontrolling Interest
Beginning Balance at Dec. 31, 2024 $ 607,194 $ 114   $ 1,085,445 $ (640,574) $ (610) $ 162,819
Beginning Balance (in shares) at Dec. 31, 2024   113,953,554 39,439,198        
Net loss (155,093)            
Net Income (Loss)         (107,228)   (47,865)
Other comprehensive loss (880)         (654) (226)
Vested incentive units       (186)     186
Issuance of Class A common stock upon vesting of RSUs, shares   1,279,156          
Issuance of Class A common stock upon vesting of RSUs   $ 1   901     (902)
Shares withheld related to net share settlement (in shares)   (423,245)          
Shares withheld related to net share settlement (1,874)     (1,874)      
Repurchase of share, Shares   (5,604,751)          
Repurchase of share (21,155) $ (5)   (27,105)     5,955
Effect of changes in LLC ownership, including LLC unit exchanges, shares   441,443 (441,443)        
Effect of changes in LLC ownership, including LLC unit exchanges 394     9,113     (8,719)
Forfeited unvested incentive units     (571)        
Equity-based compensation 7,319     5,438     1,881
Ending Balance at Mar. 31, 2025 435,905 $ 110   1,071,732 (747,802) (1,264) 113,129
Ending Balance (in shares) at Mar. 31, 2025   109,646,157 38,997,184        
Beginning Balance at Dec. 31, 2024 607,194 $ 114   1,085,445 (640,574) (610) 162,819
Beginning Balance (in shares) at Dec. 31, 2024   113,953,554 39,439,198        
Net loss (164,358)            
Net Income (Loss) (114,779)            
Ending Balance at Jun. 30, 2025 411,233 $ 105   1,060,200 (755,353) (1,337) 107,618
Ending Balance (in shares) at Jun. 30, 2025   104,746,981 38,395,357        
Beginning Balance at Mar. 31, 2025 435,905 $ 110   1,071,732 (747,802) (1,264) 113,129
Beginning Balance (in shares) at Mar. 31, 2025   109,646,157 38,997,184        
Net loss (9,265)            
Net Income (Loss) (7,551)       (7,551)   (1,714)
Other comprehensive loss (99)         (73) (26)
Vested incentive units       (4)     4
Issuance of Class A common stock upon vesting of RSUs, shares   654,437          
Issuance of Class A common stock upon vesting of RSUs   $ 1   345     (346)
Shares withheld related to net share settlement (in shares)   (196,303)          
Shares withheld related to net share settlement (609)     (609)      
Repurchase of share, Shares   (5,959,137)          
Repurchase of share (19,076) $ (6)   (23,624)     4,554
Effect of changes in LLC ownership, including LLC unit exchanges, shares   601,827 (601,827)        
Effect of changes in LLC ownership, including LLC unit exchanges 224     7,242     (7,018)
Equity-based compensation 6,980     5,118     1,862
Distributions to noncontrolling interests (2,827)           (2,827)
Ending Balance at Jun. 30, 2025 411,233 $ 105   1,060,200 (755,353) (1,337) 107,618
Ending Balance (in shares) at Jun. 30, 2025   104,746,981 38,395,357        
Beginning Balance at Dec. 31, 2025 378,992 $ 104   1,061,965 (779,506) (1,450) 97,879
Beginning Balance (in shares) at Dec. 31, 2025   104,020,957 38,339,076        
Net loss (192,354)            
Net Income (Loss)         (138,621)   (53,733)
Other comprehensive loss (143)         (105) (38)
Issuance of Class A common stock upon vesting of RSUs, shares   1,647,663          
Issuance of Class A common stock upon vesting of RSUs   $ 2   764     (766)
Shares withheld related to net share settlement (in shares)   (518,915)          
Shares withheld related to net share settlement (926) $ (1)   (925)      
Effect of changes in LLC ownership, including LLC unit exchanges, shares   113,743 (113,743)        
Effect of changes in LLC ownership, including LLC unit exchanges (90)     185     (275)
Equity-based compensation 5,220     3,822     1,398
Ending Balance at Mar. 31, 2026 190,699 $ 105   1,065,811 (918,127) (1,555) 44,465
Ending Balance (in shares) at Mar. 31, 2026   105,263,448 38,225,333        
Beginning Balance at Dec. 31, 2025 378,992 $ 104   1,061,965 (779,506) (1,450) 97,879
Beginning Balance (in shares) at Dec. 31, 2025   104,020,957 38,339,076        
Net loss (199,806)            
Net Income (Loss) (144,043)            
Ending Balance at Jun. 30, 2026 187,865 $ 106   1,069,701 (923,549) (1,606) 43,213
Ending Balance (in shares) at Jun. 30, 2026   106,405,766 38,094,660        
Beginning Balance at Mar. 31, 2026 190,699 $ 105   1,065,811 (918,127) (1,555) 44,465
Beginning Balance (in shares) at Mar. 31, 2026   105,263,448 38,225,333        
Net loss (7,452)            
Net Income (Loss) (5,422)       (5,422)   (2,030)
Other comprehensive loss (70)         (51) (19)
Issuance of Class A common stock upon vesting of RSUs, shares   1,528,449          
Issuance of Class A common stock upon vesting of RSUs   $ 2   307     (309)
Shares withheld related to net share settlement (in shares)   (516,804)          
Shares withheld related to net share settlement (520) $ (1)   (519)      
Effect of changes in LLC ownership, including LLC unit exchanges, shares   130,673 (130,673)        
Effect of changes in LLC ownership, including LLC unit exchanges (46)     240     (286)
Equity-based compensation 5,254     3,862     1,392
Ending Balance at Jun. 30, 2026 $ 187,865 $ 106   $ 1,069,701 $ (923,549) $ (1,606) $ 43,213
Ending Balance (in shares) at Jun. 30, 2026   106,405,766 38,094,660