v3.26.1
Condensed Consolidated Statements of Changes in Temporary Equity, Members’ Deficit and Shareholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Series A
Series A-1
Series A-2
Common Stock
Class A Common stock
Common Stock
Class B Common stock
Common Stock
Class C Common stock
Additional Paid-In Capital
Retained Earnings
Noncontrolling Interest
Temporary equity, beginning balance at Dec. 31, 2024   $ 3,429 $ 206,973 $ 30,773            
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Deemed distribution for Series A-1 Preferred Units     16,718              
Unitholder distributions   (3,429) (150)              
Temporary equity, ending balance at Jun. 30, 2025   0 223,541 30,773            
Balance at beginning of period at Dec. 31, 2024 $ (257,836)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (1,945)                  
Deemed distribution for Series A-1 Preferred Units (16,718)                  
Unitholder distributions (450)                  
Balance at end of period at Jun. 30, 2025 (276,949)                  
Temporary equity, beginning balance at Mar. 31, 2025   3,429 215,322 30,773            
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Deemed distribution for Series A-1 Preferred Units     8,369              
Unitholder distributions   (3,429) (150)              
Temporary equity, ending balance at Jun. 30, 2025   $ 0 $ 223,541 $ 30,773            
Balance at beginning of period at Mar. 31, 2025 (267,069)                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (1,061)                  
Deemed distribution for Series A-1 Preferred Units (8,369)                  
Unitholder distributions (450)                  
Balance at end of period at Jun. 30, 2025 (276,949)                  
Balance at beginning of period (in shares) at Dec. 31, 2025         17,479 10,916 21,661      
Balance at beginning of period at Dec. 31, 2025 104,706       $ 0 $ 0 $ 0 $ 45,735 $ (60) $ 59,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 5,017               1,596 3,421
Equity-based compensation 2,327             934   1,393
Issuance of Class A common stock pursuant to vesting of equity awards (in shares)         17          
Issuance of Class A common stock pursuant to vesting of equity awards 0             18   (18)
Transfer of ownership interests (in shares)           12,043 (12,043)      
Impact of Tax Receivable Agreement (2,521)             (2,521)    
Noncash Redemption of LLC Units (in shares)         4,712 (659) (4,053)      
Noncash redemption of LLC Units 0             8,930   (8,930)
Balance at end of period (in shares) at Jun. 30, 2026         22,208 22,300 5,565      
Balance at end of period at Jun. 30, 2026 109,529       $ 0 $ 0 $ 0 53,096 1,536 54,897
Balance at beginning of period (in shares) at Mar. 31, 2026         18,017 10,377 21,661      
Balance at beginning of period at Mar. 31, 2026 107,483       $ 0 $ 0 $ 0 46,952 318 60,213
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 3,218               1,218 2,000
Equity-based compensation 1,140             506   634
Issuance of Class A common stock pursuant to vesting of equity awards (in shares)         17          
Issuance of Class A common stock pursuant to vesting of equity awards 0             18   (18)
Transfer of ownership interests (in shares)           12,043 (12,043)      
Impact of Tax Receivable Agreement (2,312)             (2,312)    
Noncash Redemption of LLC Units (in shares)         4,173 (120) (4,053)      
Noncash redemption of LLC Units 0             7,932   (7,932)
Balance at end of period (in shares) at Jun. 30, 2026         22,208 22,300 5,565      
Balance at end of period at Jun. 30, 2026 $ 109,529       $ 0 $ 0 $ 0 $ 53,096 $ 1,536 $ 54,897