v3.26.1
Net Loss per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share
The following table provides the computation of basic and diluted net income (loss) per share:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands, except per share data)
Numerator–basic:
Net income (loss) attributable to controlling interest$7,444 $(20,362)$8,667 $(40,842)
Less: Cumulative preferred dividends9,570 — 9,570 — 
Net loss attributable to Class A common stockholders–basic$(2,126)$(20,362)$(903)$(40,842)
Numerator–diluted:
Net loss attributable to Class A common stockholders–basic$(2,126)$(20,362)$(903)$(40,842)
Effect of dilutive securities:
Net income (loss) attributable to Class V common stockholders
— — — — 
Liability-classified warrants— — — — 
Net loss attributable to Class A common stockholders–diluted$(2,126)$(20,362)$(903)$(40,842)
Denominator–basic:
Weighted average Class A common shares outstanding–basic3,362 3,267 3,325 3,263 
Net loss per share attributable to Class A common stockholders–basic$(0.63)$(6.23)$(0.27)$(12.52)
Denominator–diluted:
Weighted average Class A common shares outstanding–basic3,362 3,267 3,325 3,263 
Weighted average effect of dilutive securities:
Shares of Class V common stock— — — — 
Restricted stock units
— — — — 
Equity-classified warrants
— — — — 
Liability-classified warrants— — — — 
Weighted average shares outstanding–diluted3,362 3,267 3,325 3,263 
Net loss per share attributable to Class A common stockholders–diluted$(0.63)$(6.23)$(0.27)$(12.52)
Schedule of potential dilutive securities excluded from the computation of diluted net loss per share their effect would have been anti-dilutive The following table presents potentially dilutive securities excluded from the
computation of diluted net income (loss) per share for the periods presented because their effect would have been anti-dilutive.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Stock warrants (1)
12,1637,78912,163 7,789
Stock options (1)
540430540 430
Restricted stock units (1)
181141 181 141 
Shares of Class V common stock (2)
3,3493,919 3,349 3,919 
Total16,23312,27916,233 12,279
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(1)Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net income (loss) per share.
(2)Shares of Class V common stock at the end of the period are considered antidilutive shares of Class A common stock under application of the if-converted method.