v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Class A
Common Class B
Common Stock
Common Class A
Common Stock
Common Class B
Common Stock
Common Class F
Preferred Stock
Minority Interest
Additional Paid-in Capital
Retained Earnings
Common stock, beginning balance (in shares) at Dec. 31, 2024       32,419,520   7,600,717        
Beginning balance at Dec. 31, 2024 $ 328,871     $ 3   $ 1 $ 222,540 $ 2,429 $ 27,011 $ 76,887
Preferred stock, beginning balance (in shares) at Dec. 31, 2024             60,806,143      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercises of stock options (in shares)       795,895            
Issuance of common stock upon exercises of stock options 358               358  
Stock-based compensation expense 1,798               1,798  
Minority interest (225)             (225)    
Net income (loss) 12,581                 12,581
Common stock, ending balance (in shares) at Jun. 30, 2025       33,215,415   7,600,717        
Preferred stock, ending balance (in shares) at Jun. 30, 2025             60,806,143      
Ending balance at Jun. 30, 2025 343,383     $ 3   $ 1 $ 222,540 2,204 29,167 89,468
Common stock, beginning balance (in shares) at Mar. 31, 2025       32,799,630   7,600,717        
Beginning balance at Mar. 31, 2025 304,217     $ 3   $ 1 $ 222,540 2,331 28,189 51,153
Preferred stock, beginning balance (in shares) at Mar. 31, 2025             60,806,143      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercises of stock options (in shares)       415,785            
Issuance of common stock upon exercises of stock options 130               130  
Stock-based compensation expense 848               848  
Minority interest (127)             (127)    
Net income (loss) 38,315                 38,315
Common stock, ending balance (in shares) at Jun. 30, 2025       33,215,415   7,600,717        
Preferred stock, ending balance (in shares) at Jun. 30, 2025             60,806,143      
Ending balance at Jun. 30, 2025 343,383     $ 3   $ 1 $ 222,540 2,204 29,167 89,468
Common stock, beginning balance (in shares) at Dec. 31, 2025   33,822,318 8,855,382 33,822,318 8,855,382          
Beginning balance at Dec. 31, 2025 $ 318,548     $ 3 $ 1   $ 222,480 1,953 32,006 62,105
Preferred stock, beginning balance (in shares) at Dec. 31, 2025 60,778,788           60,778,788      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercises of stock options (in shares) 1,185,000     1,184,857            
Issuance of common stock upon exercises of stock options $ 1,342               1,342  
Conversion of preferred stock to common stock upon initial public offering 0     $ 6     $ (222,480)   222,474  
Conversion of preferred stock to common stock upon initial public offering (in shares)       60,778,788     (60,778,788)      
Issuance of common stock upon initial public offering, net of underwriting discounts and offering costs (in shares)       11,026,365            
Issuance of common stock upon initial public offering, net of underwriting discounts and offering costs 173,985     $ 1         173,984  
Issuance common stock upon release of restricted stock units, net of shares withheld for taxes (in shares)       1,407,141            
Issuance of common stock upon release of restricted stock units, net of shares withheld for taxes (3,105)               (3,105)  
Stock-based compensation expense 12,302               12,302  
Minority interest (315)             (315)    
Net income (loss) $ (79,698)                 (79,698)
Common stock, ending balance (in shares) at Jun. 30, 2026   108,219,469 8,855,382 108,219,469 8,855,382          
Preferred stock, ending balance (in shares) at Jun. 30, 2026 0           0      
Ending balance at Jun. 30, 2026 $ 423,059     $ 10 $ 1   $ 0 1,638 439,003 (17,593)
Common stock, beginning balance (in shares) at Mar. 31, 2026       106,811,561 8,855,382          
Beginning balance at Mar. 31, 2026 438,840     $ 10 $ 1     1,787 435,610 1,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercises of stock options (in shares)       693,843            
Issuance of common stock upon exercises of stock options 323               323  
Additional offering costs incurred related to issuance of common stock upon initial public offering (300)               (300)  
Issuance common stock upon release of restricted stock units, net of shares withheld for taxes (in shares)       714,065            
Issuance of common stock upon release of restricted stock units, net of shares withheld for taxes (121)               (121)  
Stock-based compensation expense 3,491               3,491  
Minority interest (149)             (149)    
Net income (loss) $ (19,025)                 (19,025)
Common stock, ending balance (in shares) at Jun. 30, 2026   108,219,469 8,855,382 108,219,469 8,855,382          
Preferred stock, ending balance (in shares) at Jun. 30, 2026 0           0      
Ending balance at Jun. 30, 2026 $ 423,059     $ 10 $ 1   $ 0 $ 1,638 $ 439,003 $ (17,593)