v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated deficit
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Limited Partners
General Partner
Partner's Capital, beginning balance at Dec. 31, 2024 $ 15,506               $ 14,906 $ 600
Net income (loss) 2,508               2,421 87
Partnership distributions and withdrawals (1,496)               (1,444) (52)
Partner's Capital, ending balance at Mar. 31, 2025 16,518               15,883 635
Partner's Capital, beginning balance at Dec. 31, 2024 15,506               14,906 600
Net income (loss) 3,097                  
Partner's Capital, ending balance at Jun. 30, 2025 15,559               14,958 601
Partner's Capital, beginning balance at Mar. 31, 2025 16,518               15,883 635
Net income (loss) 589               569 20
Partnership distributions and withdrawals (1,548)               (1,494) (54)
Partner's Capital, ending balance at Jun. 30, 2025 15,559               14,958 601
Partner's Capital, beginning balance at Dec. 31, 2025 14,988               14,468 520
Balance at Dec. 31, 2025 $ 14,988                  
Shares Outstanding, beginning balance at Dec. 31, 2025 1,000       0   0      
Net income (loss) $ (3,730)               (3,601) (129)
Partnership distributions and withdrawals (1,551)               (1,497) (54)
Partner's Capital, ending balance at Mar. 31, 2026 9,707               9,370 337
Partner's Capital, beginning balance at Dec. 31, 2025 14,988               14,468 520
Balance at Dec. 31, 2025 $ 14,988                  
Shares Outstanding, beginning balance at Dec. 31, 2025 1,000       0   0      
Net income (loss) $ (5,736)                  
Balance at May. 06, 2026 (2,801) $ 4,941 $ 0 $ (7,742)   $ 0   $ 0    
Shares Outstanding, ending balance at May. 06, 2026           1,000   0    
Partner's Capital, ending balance at May. 06, 2026 5,546               5,354 192
Partner's Capital, beginning balance at Dec. 31, 2025 14,988               14,468 520
Balance at Dec. 31, 2025 $ 14,988                  
Shares Outstanding, beginning balance at Dec. 31, 2025 1,000       0   0      
Issuance of shares to service providers, shares         800,000          
Issuance of Founder Shares             $ 7,600      
Balance at Jun. 30, 2026 $ 995,986 1,042,601 (23) (46,670)   $ 70   $ 8    
Shares Outstanding, ending balance at Jun. 30, 2026         69,658,978 69,658,978 7,600,000 7,600,000    
Partner's Capital, beginning balance at Mar. 31, 2026 9,707               9,370 337
Net income (loss) (2,006)               (1,936) (70)
Partnership distributions and withdrawals (2,155)               (2,080) (75)
Balance at May. 06, 2026 (2,801) 4,941 0 (7,742)   $ 0   $ 0    
Shares Outstanding, ending balance at May. 06, 2026           1,000   0    
Partner's Capital, ending balance at May. 06, 2026 5,546               $ 5,354 $ 192
Net income (loss) (38,928)     (38,928)            
Other comprehensive income (loss) (23)   (23)              
Issuance of shares for business combinations 395,284 395,258       $ 26        
Issuance of shares for business combinations, shares           26,195,096        
Issuance of options for business combinations 48,447 48,447                
Issuance of shares issued for acquisition under common control 1,866 1,865       $ 1        
Issuance of shares issued for acquisition under common control, shares           500,000        
Issuance of shares for AI License 379,317 379,292       $ 25        
Issuance of shares for AI License, shares           25,137,000        
Issuance of shares for investment in affiliate 245,967 245,951       $ 16        
Issuance of shares for investment in affiliate, shares           16,300,000        
Recognition of deferred tax liability for investment in Blocker Corp (51,997) (51,997)                
Issuance of shares for employee compensation 2,225 2,225                
Issuance of shares for employee compensation, shares           98,919        
Issuance of shares to service providers 12,201 12,200       $ 1        
Issuance of shares to service providers, shares           808,560        
Stock option exercises 52 52                
Stock option exercises, shares           29,403        
Issuance of shares for seller transaction costs, shares           15,000        
Issuance of shares for seller transaction costs 226 226                
Issuance of Founder Shares 8             $ 8    
Issuance of Founder Shares, Shares               7,600,000    
Capital contribution from Founder, shares           574,000        
Capital contribution from Founder 4,142 4,141       $ 1        
Balance at Jun. 30, 2026 $ 995,986 $ 1,042,601 $ (23) $ (46,670)   $ 70   $ 8    
Shares Outstanding, ending balance at Jun. 30, 2026         69,658,978 69,658,978 7,600,000 7,600,000