v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2024   8,139,884        
Beginning balance at Dec. 31, 2024 $ (397,833) $ 16 $ 1,228,042 $ 76 $ (1,626,508) $ 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon release of restricted stock units (in shares)   177,708        
Issuance of common stock upon release of restricted stock units 1 $ 1        
Stock-based compensation 5,718   5,718      
Foreign currency translation adjustments 190     190    
Net (loss) income (25,000)       (25,000)  
Ending balance (in shares) at Mar. 31, 2025   8,317,592        
Ending balance at Mar. 31, 2025 (416,924) $ 17 1,233,760 266 (1,651,508) 541
Beginning balance (in shares) at Dec. 31, 2024   8,139,884        
Beginning balance at Dec. 31, 2024 (397,833) $ 16 1,228,042 76 (1,626,508) 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Foreign currency translation adjustments 272          
Net (loss) income 177,531          
Ending balance (in shares) at Jun. 30, 2025   8,358,552        
Ending balance at Jun. 30, 2025 (213,479) $ 1 1,234,571 348 (1,448,977) 578
Beginning balance (in shares) at Mar. 31, 2025   8,317,592        
Beginning balance at Mar. 31, 2025 (416,924) $ 17 1,233,760 266 (1,651,508) 541
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon release of restricted stock units (in shares)   41,050        
Stock-based compensation 795   795      
Foreign currency translation adjustments 82     82    
Adjustment due to reverse stock split (in shares)   (90)        
Adjustment due to reverse stock split (Note 2) 0 $ (16) 16      
Contributions from non-controlling interests 37         37
Net (loss) income 202,531       202,531  
Ending balance (in shares) at Jun. 30, 2025   8,358,552        
Ending balance at Jun. 30, 2025 (213,479) $ 1 1,234,571 348 (1,448,977) 578
Beginning balance (in shares) at Dec. 31, 2025   8,489,540        
Beginning balance at Dec. 31, 2025 (249,059) $ 1 1,239,263 41 (1,488,747) 383
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon release of restricted stock units (in shares)   78,211        
Stock-based compensation 1,965   1,965      
Foreign currency translation adjustments 138     138    
Net (loss) income (18,925)       (18,925)  
Ending balance (in shares) at Mar. 31, 2026   8,567,751        
Ending balance at Mar. 31, 2026 (265,881) $ 1 1,241,228 179 (1,507,672) 383
Beginning balance (in shares) at Dec. 31, 2025   8,489,540        
Beginning balance at Dec. 31, 2025 (249,059) $ 1 1,239,263 41 (1,488,747) 383
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Foreign currency translation adjustments (182)          
Net (loss) income (33,308)          
Ending balance (in shares) at Jun. 30, 2026   9,607,873        
Ending balance at Jun. 30, 2026 (269,997) $ 1 1,252,624 (141) (1,522,055) (426)
Beginning balance (in shares) at Mar. 31, 2026   8,567,751        
Beginning balance at Mar. 31, 2026 (265,881) $ 1 1,241,228 179 (1,507,672) 383
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock issued upon business combination (in shares)   389,569        
Common stock issued upon business combination (Note 5) 4,305   4,305      
Stock option exercises, net of statutory tax withholdings (in shares)   116        
Issuance of common stock upon release of restricted stock units (in shares)   55,134        
Issuance of common stock under at-the-market program, net (in shares)   595,303        
Issuance of common stock under at-the-market program, net (Note 10) 5,631   5,631      
Stock-based compensation 1,460   1,460      
Foreign currency translation adjustments (320)     (320)    
Distributions to non-controlling interests (809)         (809)
Net (loss) income (14,383)       (14,383)  
Ending balance (in shares) at Jun. 30, 2026   9,607,873        
Ending balance at Jun. 30, 2026 $ (269,997) $ 1 $ 1,252,624 $ (141) $ (1,522,055) $ (426)