CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands |
Total |
Common Stock
Class A Common Stock
|
Common Stock
Class B Common Stock
|
Common Stock
Class C Common Stock
|
Additional Paid-In Capital |
Accumulated Deficit |
Non-Controlling Interest |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
7,828,690
|
13,453,646
|
0
|
|
|
|
| Balance beginning at Dec. 31, 2024 |
|
|
$ 1
|
$ 1
|
$ 0
|
$ 136,602
|
$ (123,430)
|
|
| Noncontrolling Interest Beginning Balance at Dec. 31, 2024 |
|
$ 36,322
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
49,496
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,591
|
|
|
|
943
|
|
$ 1,648
|
| Employee stock purchase plan (in shares) |
|
|
10,062
|
|
|
|
|
|
| Employee stock purchase plan |
|
194
|
|
|
|
194
|
|
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
22,216
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(250)
|
|
|
|
(250)
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
|
|
|
|
|
|
(4,958)
|
| Net Income (Loss) Attributable to Parent |
|
|
|
|
|
|
(2,888)
|
|
| Net income (loss) |
|
(7,846)
|
|
|
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
7,860,968
|
13,453,646
|
0
|
|
|
|
| Ending balance at Mar. 31, 2025 |
|
|
$ 1
|
$ 1
|
$ 0
|
137,489
|
(126,318)
|
|
| Noncontrolling Interest Ending Balance at Mar. 31, 2025 |
|
33,012
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
|
44,185
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
7,828,690
|
13,453,646
|
0
|
|
|
|
| Balance beginning at Dec. 31, 2024 |
|
|
$ 1
|
$ 1
|
$ 0
|
136,602
|
(123,430)
|
|
| Noncontrolling Interest Beginning Balance at Dec. 31, 2024 |
|
36,322
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
49,496
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
(14,893)
|
|
|
|
|
|
|
| Net Income (Loss) Attributable to Parent |
|
(8,702)
|
|
|
|
|
|
|
| Net income (loss) |
|
(23,595)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
11,459,328
|
13,388,969
|
0
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
|
$ 1
|
$ 1
|
$ 0
|
180,122
|
(132,133)
|
|
| Noncontrolling Interest Ending Balance at Sep. 30, 2025 |
|
26,203
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
74,194
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
7,860,968
|
13,453,646
|
0
|
|
|
|
| Balance beginning at Mar. 31, 2025 |
|
|
$ 1
|
$ 1
|
$ 0
|
137,489
|
(126,318)
|
|
| Noncontrolling Interest Beginning Balance at Mar. 31, 2025 |
|
33,012
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
|
44,185
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,740
|
|
|
|
1,000
|
|
1,740
|
| Common Unit redemption (in shares) |
|
|
10,960
|
(10,960)
|
|
|
|
|
| Common Unit redemption |
|
$ 0
|
|
|
|
20
|
|
(20)
|
| Shares issued upon settlement agreement (in shares) |
|
230,010
|
|
|
|
|
|
|
| Shares issued upon settlement agreement |
|
$ 3,367
|
|
|
|
3,367
|
|
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
33,597
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(130)
|
|
|
|
(130)
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
|
|
|
|
|
|
(9,183)
|
| Net Income (Loss) Attributable to Parent |
|
|
|
|
|
|
(5,329)
|
|
| Net income (loss) |
|
(14,512)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
8,135,535
|
13,442,686
|
0
|
|
|
|
| Ending balance at Jun. 30, 2025 |
|
|
$ 1
|
$ 1
|
$ 0
|
141,746
|
(131,647)
|
|
| Noncontrolling Interest Ending Balance at Jun. 30, 2025 |
|
25,549
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
|
35,650
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,354
|
|
|
|
864
|
|
1,490
|
| Common Unit redemption (in shares) |
|
|
53,717
|
(53,717)
|
|
|
|
|
| Common Unit redemption |
|
0
|
|
|
|
84
|
|
(84)
|
| Employee stock purchase plan (in shares) |
|
|
7,508
|
|
|
|
|
|
| Employee stock purchase plan |
|
103
|
|
|
|
103
|
|
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
42,568
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(101)
|
|
|
|
(101)
|
|
|
| Shares issued for public equity offering, net of issuance costs (in shares) |
[1] |
|
3,220,000
|
|
|
|
|
|
| Shares issued for public equity offering, net of issuance costs |
[1] |
37,426
|
|
|
|
37,426
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
(752)
|
|
|
|
|
|
(752)
|
| Net Income (Loss) Attributable to Parent |
|
(486)
|
|
|
|
|
(486)
|
|
| Net income (loss) |
|
(1,238)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
11,459,328
|
13,388,969
|
0
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
|
$ 1
|
$ 1
|
$ 0
|
180,122
|
(132,133)
|
|
| Noncontrolling Interest Ending Balance at Sep. 30, 2025 |
|
26,203
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
74,194
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
|
|
11,486,067
|
13,369,486
|
0
|
|
|
|
| Balance beginning at Dec. 31, 2025 |
|
45,653
|
$ 1
|
$ 1
|
$ 0
|
180,995
|
(135,344)
|
|
| Noncontrolling Interest Beginning Balance at Dec. 31, 2025 |
|
22,364
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
|
68,017
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,734
|
|
|
|
1,020
|
|
1,714
|
| Common Unit redemption (in shares) |
|
|
104,980
|
(104,980)
|
|
|
|
|
| Common Unit redemption |
|
0
|
|
|
|
237
|
|
(237)
|
| Employee stock purchase plan (in shares) |
|
|
8,278
|
|
|
|
|
|
| Employee stock purchase plan |
|
59
|
|
|
|
59
|
|
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
48,676
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(150)
|
|
|
|
(150)
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
|
|
|
|
|
|
61
|
| Net Income (Loss) Attributable to Parent |
|
|
|
|
|
|
(15)
|
|
| Net income (loss) |
|
46
|
|
|
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
|
11,648,001
|
13,264,506
|
0
|
|
|
|
| Ending balance at Mar. 31, 2026 |
|
|
$ 1
|
$ 1
|
$ 0
|
182,161
|
(135,359)
|
|
| Noncontrolling Interest Ending Balance at Mar. 31, 2026 |
|
23,902
|
|
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
|
70,706
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
|
|
11,486,067
|
13,369,486
|
0
|
|
|
|
| Balance beginning at Dec. 31, 2025 |
|
45,653
|
$ 1
|
$ 1
|
$ 0
|
180,995
|
(135,344)
|
|
| Noncontrolling Interest Beginning Balance at Dec. 31, 2025 |
|
22,364
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
|
68,017
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
(5,329)
|
|
|
|
|
|
|
| Net Income (Loss) Attributable to Parent |
|
(3,463)
|
|
|
|
|
|
|
| Net income (loss) |
|
(8,792)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
12,012,076
|
13,045,498
|
0
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
46,046
|
$ 1
|
$ 1
|
$ 0
|
184,851
|
(138,807)
|
|
| Noncontrolling Interest Ending Balance at Sep. 30, 2026 |
|
21,433
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
67,479
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
|
11,648,001
|
13,264,506
|
0
|
|
|
|
| Balance beginning at Mar. 31, 2026 |
|
|
$ 1
|
$ 1
|
$ 0
|
182,161
|
(135,359)
|
|
| Noncontrolling Interest Beginning Balance at Mar. 31, 2026 |
|
23,902
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
|
70,706
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,968
|
|
|
|
1,137
|
|
1,831
|
| Common Unit redemption (in shares) |
|
|
217,755
|
(217,755)
|
|
|
|
|
| Common Unit redemption |
|
0
|
|
|
|
609
|
|
(609)
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
98,838
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(123)
|
|
|
|
(123)
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
|
|
|
|
|
|
(83)
|
| Net Income (Loss) Attributable to Parent |
|
|
|
|
|
|
(103)
|
|
| Net income (loss) |
|
(186)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
|
11,964,594
|
13,046,751
|
0
|
|
|
|
| Ending balance at Jun. 30, 2026 |
|
|
$ 1
|
$ 1
|
$ 0
|
183,784
|
(135,462)
|
|
| Noncontrolling Interest Ending Balance at Jun. 30, 2026 |
|
25,041
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
|
73,365
|
|
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Equity-based compensation |
|
2,759
|
|
|
|
1,056
|
|
1,703
|
| Common Unit redemption (in shares) |
|
|
1,253
|
(1,253)
|
|
|
|
|
| Common Unit redemption |
|
0
|
|
|
|
4
|
|
(4)
|
| Employee stock purchase plan (in shares) |
|
|
6,561
|
|
|
|
|
|
| Employee stock purchase plan |
|
50
|
|
|
|
50
|
|
|
| Vesting of stock awards, net of shares withheld for taxes (in shares) |
|
|
39,668
|
|
|
|
|
|
| Vesting of stock awards, net of shares withheld for taxes |
|
(43)
|
|
|
|
(43)
|
|
|
| Less: Net loss attributable to non-controlling interest |
|
(5,307)
|
|
|
|
|
|
$ (5,307)
|
| Net Income (Loss) Attributable to Parent |
|
(3,345)
|
|
|
|
|
(3,345)
|
|
| Net income (loss) |
|
(8,652)
|
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
12,012,076
|
13,045,498
|
0
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
46,046
|
$ 1
|
$ 1
|
$ 0
|
$ 184,851
|
$ (138,807)
|
|
| Noncontrolling Interest Ending Balance at Sep. 30, 2026 |
|
21,433
|
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
$ 67,479
|
|
|
|
|
|
|
|
|