v3.26.1
Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class V Voting Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Treasury Stock
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   22,036,015 64,189,434        
Beginning balance at Dec. 31, 2024 $ 234,213 $ 2 $ 7 $ 93,903 $ (55,127) $ (6,011) $ 201,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exchange of Class V shares (in shares)   4,989,892 (4,989,892)        
Exchange of Class V shares 0 $ 1 $ (1) 11,082 2,162   (13,244)
Issuance of common stock under equity incentive plan (in shares)   1,077,313          
Issuance of common stock under equity incentive plan 0            
Issuance of common stock under employee stock purchase plan (in shares)   30,289          
Issuance of common stock under employee stock purchase plan 91     91      
Stock-based compensation 6,352     6,352      
Exercise of warrants (in shares)   275          
Exercise of warrants 4     4      
Exercise of stock options (in shares)   400          
Exercise of stock options 1     1      
Tax withholding on vesting of restricted stock units (in shares)   (265,929)          
Tax withholding on vesting of restricted stock units (2,469)     (2,469)      
Common stock dividend (6,414)       (6,414)    
Member distributions (47,863)           (47,863)
Tax receivable agreement (9,433)     (9,433)      
Deferred tax asset 11,353     11,353      
Tax receivable agreement settlement 0            
Net (loss) income 31,870       (32,152)   64,022
Ending balance (in shares) at Jun. 30, 2025   27,868,255 59,199,542        
Ending balance at Jun. 30, 2025 217,705 $ 3 $ 6 110,884 (91,531) (6,011) 204,354
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   25,309,798 61,134,952        
Beginning balance at Mar. 31, 2025 236,764 $ 3 $ 6 100,720 (72,168) (6,011) 214,214
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exchange of Class V shares (in shares)   1,935,410 (1,935,410)        
Exchange of Class V shares 0     4,091 1,417   (5,508)
Issuance of common stock under equity incentive plan (in shares)   793,672          
Issuance of common stock under equity incentive plan 0            
Stock-based compensation 5,091     5,091      
Exercise of warrants (in shares)   200          
Exercise of warrants 3     3      
Exercise of stock options (in shares)   400          
Exercise of stock options 1     1      
Tax withholding on vesting of restricted stock units (in shares)   (171,225)          
Tax withholding on vesting of restricted stock units (1,621)     (1,621)      
Member distributions (36,612)           (36,612)
Tax receivable agreement (3,551)     (3,551)      
Deferred tax asset 6,150     6,150      
Net (loss) income 11,480       (20,780)   32,260
Ending balance (in shares) at Jun. 30, 2025   27,868,255 59,199,542        
Ending balance at Jun. 30, 2025 217,705 $ 3 $ 6 110,884 (91,531) (6,011) 204,354
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   27,868,255 59,199,542        
Beginning balance (in shares)   27,272,028 58,698,241        
Beginning balance at Dec. 31, 2025 308,876 $ 3 $ 6 113,508 (33,505) (21,528) 250,392
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exchange of Class V shares (in shares)   60,000 (60,000)        
Exchange of Class V shares 0 $ 0 $ 0 (995) (8)   1,003
Issuance of common stock under equity incentive plan (in shares)   699,234          
Issuance of common stock under equity incentive plan 0            
Issuance of common stock under employee stock purchase plan (in shares)   28,461          
Issuance of common stock under employee stock purchase plan 253     253      
Stock-based compensation $ 4,749     4,749      
Exercise of warrants (in shares)   0          
Exercise of stock options (in shares) 0            
Tax withholding on vesting of restricted stock units (in shares)   (215,130)          
Tax withholding on vesting of restricted stock units $ (1,887)     (1,887)      
Purchase of treasury stock (in shares)   (1,181,106)          
Purchase of treasury stock (11,194)         (11,194)  
Member distributions (22,814)           (22,814)
Tax receivable agreement (21)     (21)      
Deferred tax asset 7,716     7,716      
Up-C collapse (in shares)   58,638,241 (58,638,241)        
Up-C collapse 0 $ 6 $ (6) 254,988     (254,988)
Tax receivable agreement settlement 58,927     58,927      
Net (loss) income 69,650       43,243   26,407
Ending balance (in shares) at Jun. 30, 2026   85,301,728 0        
Ending balance at Jun. 30, 2026 414,255 $ 9 $ 0 437,238 9,730 (32,722) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   26,436,610 58,688,241        
Beginning balance at Mar. 31, 2026 342,982 $ 3 $ 6 112,297 (5,179) (31,473) 267,329
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exchange of Class V shares (in shares)   50,000 (50,000)        
Exchange of Class V shares 0     597 67   (664)
Issuance of common stock under equity incentive plan (in shares)   446,106          
Issuance of common stock under equity incentive plan 0            
Stock-based compensation 3,080     3,080      
Exercise of warrants (in shares)   0          
Tax withholding on vesting of restricted stock units (in shares)   (128,822)          
Tax withholding on vesting of restricted stock units (1,010)     (1,010)      
Purchase of treasury stock (in shares)   (140,407)          
Purchase of treasury stock (1,249)         (1,249)  
Member distributions (12,446)           (12,446)
Tax receivable agreement (6)     (6)      
Deferred tax asset 8,365     8,365      
Up-C collapse (in shares)   58,638,241 (58,638,241)        
Up-C collapse 0 $ 6 $ (6) 254,988     (254,988)
Tax receivable agreement settlement 58,927     58,927      
Net (loss) income 15,612       14,842   770
Ending balance (in shares) at Jun. 30, 2026   85,301,728 0        
Ending balance at Jun. 30, 2026 $ 414,255 $ 9 $ 0 $ 437,238 $ 9,730 $ (32,722) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beginning balance (in shares)   85,301,728 0