v3.26.1
Condensed Consolidated Statements of Shareholders’ Deficit - USD ($)
$ in Thousands
Total
ATM Program
Securities Purchase Agreement
Class A Common Stock
Class C Common Stock
Shareholders’ Deficit attributable to the Company
Shareholders’ Deficit attributable to the Company
ATM Program
Shareholders’ Deficit attributable to the Company
Securities Purchase Agreement
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
ATM Program
Common Stock
Class A Common Stock
Securities Purchase Agreement
Common Stock
Class C Common Stock
Treasury Stock
Paid-in 
Capital
Paid-in 
Capital
ATM Program
Paid-in 
Capital
Securities Purchase Agreement
Accumulated 
Deficit
NCI
Beginning balance (in shares) at Dec. 31, 2024                 101,859,000     55,394,533            
Beginning balance at Dec. 31, 2024 $ (1,008,034)         $ (1,009,262)     $ 10     $ 6 $ (12,825) $ 0     $ (996,453) $ 1,228
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation expense 5,364         5,364               5,364        
Cumulative preferred dividends (298)         (298)               (298)        
Accretion of preferred stock discount (3)         (3)               (3)        
Conversion of Series A preferred stock & exercise of warrants, net of redemption cost (in shares)                 15,358,229                  
Conversion of Series A preferred stock & exercise of warrants, net of redemption cost 176,554         176,554     $ 2         176,552        
Repurchase of Class A common stock (20,700)                       (20,700)          
Issuance of stock (in shares)                       7,500,000            
Issuance of stock 167,525         167,525               167,525        
Class A common stock issued for stock options exercised (in shares)                 61,462                  
Class A common stock issued for stock options exercised (342)         (342)               (342)        
Class A common stock issued for vested RSUs, RSS awards and PSUs (in shares)                 736,645                  
Class A common stock issued for vested RSUs, RSS awards and PSUs (4,198)         (4,198)               (4,198)        
Class A common stock issued for Class C shares canceled (in shares)                 1,834,253     (1,834,253)            
Subsequent remeasurement of redeemable noncontrolling interests 340,741         340,741               (344,600)     685,341  
Net income attributable to noncontrolling interest 845                                 845
Net loss attributable to the Company (36,577)         (36,577)                     (36,577)  
Ending balance (in shares) at Jun. 30, 2025                 119,849,589     61,060,280            
Ending balance at Jun. 30, 2025 (379,123)         (381,196)     $ 12     $ 6 (33,525) 0     (347,689) 2,073
Beginning balance (in shares) at Mar. 31, 2025                 119,329,328     61,301,804            
Beginning balance at Mar. 31, 2025 (135,223)         (136,913)     $ 12     $ 6 (33,525) 0     (103,406) 1,690
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation expense 2,520         2,520               2,520        
Cumulative preferred dividends (151)         (151)               (151)        
Accretion of preferred stock discount (1)         (1)               (1)        
Class A common stock issued for stock options exercised (in shares)                 42,672                  
Class A common stock issued for stock options exercised (273)         (273)               (273)        
Class A common stock issued for vested RSUs, RSS awards and PSUs (in shares)                 236,065                  
Class A common stock issued for vested RSUs, RSS awards and PSUs (762)         (762)               (762)        
Class A common stock issued for Class C shares canceled (in shares)                 241,524     (241,524)            
Subsequent remeasurement of redeemable noncontrolling interests (220,435)         (220,435)               (1,333)     (219,102)  
Net income attributable to noncontrolling interest 383                                 383
Net loss attributable to the Company (25,181)         (25,181)                     (25,181)  
Ending balance (in shares) at Jun. 30, 2025                 119,849,589     61,060,280            
Ending balance at Jun. 30, 2025 (379,123)         (381,196)     $ 12     $ 6 (33,525) 0     (347,689) 2,073
Beginning balance (in shares) at Dec. 31, 2025       121,281,880 58,628,185       123,472,960     58,628,185            
Beginning balance at Dec. 31, 2025 (754,447)         (754,964)     $ 12     $ 6 (33,525) 0     (721,457) 517
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation expense 19,333         19,333               19,333        
Cumulative preferred dividends (329)         (329)               (329)        
Accretion of preferred stock discount (3)         (3)               (3)        
Acquisition and related adjustments (in shares)                 22,991,028                  
Acquisition and related adjustments $ 403,696         403,696     $ 2         403,694        
Class A common stock issued related to contingency consideration release (Notes 3) (in shares)                 13,590                  
Issuance of stock (in shares)                   8,259,379 11,574,069              
Issuance of stock   $ 234,614 $ 167,450       $ 234,614 $ 167,450   $ 1 $ 1       $ 234,613 $ 167,449    
Class A common stock issued for stock options exercised (in shares) 133,718               82,149                  
Class A common stock issued for stock options exercised $ (1,232)         (1,232)               (1,232)        
Class A common stock issued for vested RSUs, RSS awards and PSUs (in shares)                 2,550,473                  
Class A common stock issued for vested RSUs, RSS awards and PSUs                 $ 1         (1)        
Class A common stock issued for Class C shares canceled (in shares)                 2,777,181     (2,777,181)            
Distribution to noncontrolling interests (678)                                 (678)
Subsequent remeasurement of redeemable noncontrolling interests (275,382)         (275,382)               (823,524)     548,142  
Net income attributable to noncontrolling interest 728                                 728
Net loss attributable to the Company (83,832)         (83,832)                     (83,832)  
Ending balance (in shares) at Jun. 30, 2026       169,529,749 55,851,004       171,720,829     55,851,004            
Ending balance at Jun. 30, 2026 (290,082)         (290,649)     $ 17     $ 6 (33,525) 0     (257,147) 567
Beginning balance (in shares) at Mar. 31, 2026                 162,010,801     56,994,367            
Beginning balance at Mar. 31, 2026 (333,437)         (334,297)     $ 16     $ 6 (33,525) 0     (300,794) 860
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation expense 10,491         10,491               10,491        
Cumulative preferred dividends (167)         (167)               (167)        
Accretion of preferred stock discount (2)         (2)               (2)        
Acquisition and related adjustments 7         7               7        
Class A common stock issued related to contingency consideration release (Notes 3) (in shares)                 254                  
Issuance of stock (in shares)                   8,259,379                
Issuance of stock   $ 234,614         $ 234,614     $ 1         $ 234,613      
Class A common stock issued for stock options exercised (in shares)                 82,149                  
Class A common stock issued for stock options exercised (1,232)         (1,232)               (1,232)        
Class A common stock issued for vested RSUs, RSS awards and PSUs (in shares)                 224,883                  
Class A common stock issued for Class C shares canceled (in shares)                 1,143,363     (1,143,363)            
Distribution to noncontrolling interests (678)                                 (678)
Subsequent remeasurement of redeemable noncontrolling interests (153,618)         (153,618)               (243,710)     90,092  
Net income attributable to noncontrolling interest 385                                 385
Net loss attributable to the Company (46,445)         (46,445)                     (46,445)  
Ending balance (in shares) at Jun. 30, 2026       169,529,749 55,851,004       171,720,829     55,851,004            
Ending balance at Jun. 30, 2026 $ (290,082)         $ (290,649)     $ 17     $ 6 $ (33,525) $ 0     $ (257,147) $ 567