v3.26.1
Consolidated Statements of Changes in Mezzanine and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Conversion to Common Stock
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity
Series B Preferred Stock
Series C Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series B Preferred Stock
Conversion to Common Stock
Preferred Stock
Series C Preferred Stock
Preferred Stock
Series C Preferred Stock
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity
Common Stock
Common Stock
Conversion to Common Stock
Common Stock
Series B Preferred Stock
Additional Paid-In Capital
Additional Paid-In Capital
Conversion to Common Stock
Additional Paid-In Capital
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity
Additional Paid-In Capital
Series B Preferred Stock
Additional Paid-In Capital
Series C Preferred Stock
Accumulated Deficit
Accumulated OCI
Non-Controlling Interest
Preferred stock, beginning balance (in shares) at Dec. 31, 2024           1,102,000   0                        
Beginning balance at Dec. 31, 2024 $ 766,293         $ 0   $ 0   $ 4     $ 502,865         $ (78,262) $ 909 $ 340,777
Common stock, beginning balance (in shares) at Dec. 31, 2024                   44,597,154                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss (253,674)                                 (142,997)   (110,677)
Series B Preferred Stock buyback (in shares)           (5,000)                            
Series B Preferred Stock buyback (50)                       (50)              
Series B and C Preferred Stock issued for paid-in-kind dividends (in shares)           21,808                            
Series B and C Preferred Stock issued for paid-in-kind dividends 218                       218              
Issuance of common shares, net of issuance costs (in shares)                   73,993                    
Issuance of common shares, net of issuance costs 931                       931              
Issuance of common shares for services (in shares)                   87,971                    
Issuance of common shares for services 997                       997              
Vesting of earnout shares (in shares)                   2,344,682                    
Vesting of earnout shares 874                 $ 1     873              
Other comprehensive gain, net of taxes (2,387)                                   (2,387)  
Non-controlling interest issued and related transfers 6,945                       (26,304)             33,249
Distributions to stockholders (26)                                 (26)    
Stock-based compensation 5,841                       4,943             898
Accrued preferred dividends (217)                       (217)              
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)                 0                      
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity     $ 0                       $ 0          
Preferred stock, ending balance (in shares) at Mar. 31, 2025           1,118,808   0                        
Ending balance at Mar. 31, 2025 $ 525,745         $ 0   $ 0   $ 5     484,256         (221,285) (1,478) 264,247
Common stock, ending balance (in shares) at Mar. 31, 2025                   47,103,800                    
Preferred Stock, beginning balance (in shares) at Dec. 31, 2024 0                                      
Preferred Stock, beginning balance at Dec. 31, 2024 $ 0                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                        
Conversion of related party notes (in shares) 2,310,848                                      
Conversion of related party notes $ 23,108                                      
Issuance of Series C Preferred Stock (in shares) 275,000                                      
Issuance of Series C Preferred Stock, net $ 2,663                                      
Issuance of Series C Preferred Stock for services (in shares) 300,000                                      
Issuance of Series C Preferred Stock for services $ 3,000                                      
Accrued preferred dividends $ 0                                      
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)     0                                  
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity     $ (45)                                  
Preferred Stock, ending balance (in shares) at Mar. 31, 2025 2,885,848                                      
Preferred Stock, ending balance at Mar. 31, 2025 $ 28,726                                      
Preferred stock, beginning balance (in shares) at Dec. 31, 2024           1,102,000   0                        
Beginning balance at Dec. 31, 2024 766,293         $ 0   $ 0   $ 4     502,865         (78,262) 909 340,777
Common stock, beginning balance (in shares) at Dec. 31, 2024                   44,597,154                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss (394,949)                                      
Preferred stock, ending balance (in shares) at Jun. 30, 2025           33,144   150,000                        
Ending balance at Jun. 30, 2025 $ 426,058         $ 0   $ 0   $ 6     525,345         (305,512) (1,289) 207,508
Common stock, ending balance (in shares) at Jun. 30, 2025                   55,221,494                    
Preferred Stock, beginning balance (in shares) at Dec. 31, 2024 0                                      
Preferred Stock, beginning balance at Dec. 31, 2024 $ 0                                      
Preferred Stock, ending balance (in shares) at Jun. 30, 2025 0                                      
Preferred Stock, ending balance at Jun. 30, 2025 $ 0                                      
Preferred stock, beginning balance (in shares) at Mar. 31, 2025           1,118,808   0                        
Beginning balance at Mar. 31, 2025 525,745         $ 0   $ 0   $ 5     484,256         (221,285) (1,478) 264,247
Common stock, beginning balance (in shares) at Mar. 31, 2025                   47,103,800                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss (141,275)                                 (84,227)   (57,048)
Issuance of common shares, net of issuance costs (in shares)                   7,500                    
Issuance of common shares, net of issuance costs 92                       92              
Conversion of convertible debentures (in shares)                   473,825                    
Conversion of convertible debentures 2,533                       2,533              
Other comprehensive gain, net of taxes 189                                   189  
Non-controlling interest issued and related transfers 433                       1,036             (603)
Stock-based compensation 9,405                       8,493             912
Accrued preferred dividends 198                       198              
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)             (1,085,664)   150,000   7,636,369                  
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity   $ 27,270 $ 1,468               $ 1     $ 27,269 $ 1,468          
Preferred stock, ending balance (in shares) at Jun. 30, 2025           33,144   150,000                        
Ending balance at Jun. 30, 2025 $ 426,058         $ 0   $ 0   $ 6     525,345         (305,512) (1,289) 207,508
Common stock, ending balance (in shares) at Jun. 30, 2025                   55,221,494                    
Preferred Stock, beginning balance (in shares) at Mar. 31, 2025 2,885,848                                      
Preferred Stock, beginning balance at Mar. 31, 2025 $ 28,726                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                        
Accrued preferred dividends $ 12                                      
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)   (2,735,848) (150,000)                                  
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity   $ (27,270) $ (1,468)                                  
Preferred Stock, ending balance (in shares) at Jun. 30, 2025 0                                      
Preferred Stock, ending balance at Jun. 30, 2025 $ 0                                      
Preferred stock, beginning balance (in shares) at Dec. 31, 2025       33,144 150,000 33,144   150,000                        
Beginning balance at Dec. 31, 2025 $ 483,676         $ 0   $ 0   $ 7     577,070         (371,603) (1,260) 279,462
Common stock, beginning balance (in shares) at Dec. 31, 2025 67,743,847                 67,743,847                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss $ (27,783)                                 (20,805)   (6,978)
Series B and C Preferred Stock issued for paid-in-kind dividends (in shares)           2,648   9,270                        
Series B and C Preferred Stock issued for paid-in-kind dividends       $ 27 $ 93                     $ 27 $ 93      
Issuance of common shares, net of issuance costs (in shares)                   11,495,572                    
Issuance of common shares, net of issuance costs 37,207                 $ 1     37,206              
Issuance of common shares for services (in shares)                   5,000                    
Issuance of common shares for services (11)                       (11)              
Conversion of convertible debentures (in shares)                   304,377                    
Conversion of convertible debentures 1,090                       1,090              
RSU settlement, net (in shares)                   505,141                    
RSU settlement, net (1,032)                       (1,032)              
Other comprehensive gain, net of taxes 88                                   88  
Stock-based compensation (in shares)                   40,957                    
Stock-based compensation 4,832                       2,080             2,752
Accrued preferred dividends (38)                       (38)              
Non-controlling interest and related transfers 0                       532             (532)
Preferred stock, ending balance (in shares) at Mar. 31, 2026           35,792   159,270                        
Ending balance at Mar. 31, 2026 498,149         $ 0   $ 0   $ 8     617,017         (392,408) (1,172) 274,704
Common stock, ending balance (in shares) at Mar. 31, 2026                   80,094,894                    
Preferred stock, beginning balance (in shares) at Dec. 31, 2025       33,144 150,000 33,144   150,000                        
Beginning balance at Dec. 31, 2025 $ 483,676         $ 0   $ 0   $ 7     577,070         (371,603) (1,260) 279,462
Common stock, beginning balance (in shares) at Dec. 31, 2025 67,743,847                 67,743,847                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss $ (62,697)                                      
Preferred stock, ending balance (in shares) at Jun. 30, 2026       24,779 159,270 24,779   159,270                        
Ending balance at Jun. 30, 2026 $ 482,815         $ 0   $ 0   $ 8     632,237         (418,911) (644) 270,125
Common stock, ending balance (in shares) at Jun. 30, 2026 84,612,657                 84,612,657                    
Increase (Decrease) in Temporary Equity [Roll Forward]                                        
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)       (11,013) 0             (16,524)                
Preferred stock, beginning balance (in shares) at Mar. 31, 2026           35,792   159,270                        
Beginning balance at Mar. 31, 2026 $ 498,149         $ 0   $ 0   $ 8     617,017         (392,408) (1,172) 274,704
Common stock, beginning balance (in shares) at Mar. 31, 2026                   80,094,894                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net loss (34,914)                                 (26,503)   (8,411)
Issuance of common shares, net of issuance costs (in shares)                   2,097,552                    
Issuance of common shares, net of issuance costs 13,854                 $ 0     13,854              
RSU settlement, net (in shares)                   387,287                    
RSU settlement, net (244)                       (244)              
Vesting of earnout shares (in shares)                   1,999,854                    
Vesting of earnout shares 0                 $ 0     0              
Other comprehensive gain, net of taxes 528                                   528  
Stock-based compensation (in shares)                   16,546                    
Stock-based compensation 5,477                       2,776             2,701
Accrued preferred dividends (35)                       (35)              
Non-controlling interest and related transfers 0                       (1,131)             1,131
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity (in shares)             (11,013)       16,524                  
Transfer of Series C Preferred Stock from Mezzanine equity to Stockholders' equity   $ 0                 $ 0     $ 0            
Preferred stock, ending balance (in shares) at Jun. 30, 2026       24,779 159,270 24,779   159,270                        
Ending balance at Jun. 30, 2026 $ 482,815         $ 0   $ 0   $ 8     $ 632,237         $ (418,911) $ (644) $ 270,125
Common stock, ending balance (in shares) at Jun. 30, 2026 84,612,657                 84,612,657