Leases (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of lease cost and other information

A summary of the Company’s lease cost is as follows (in thousands, except for weighted-averages):


	Nine Months Ended
	September 30,
	2026			2025
Lease Cost
Operating lease cost^(a)	$	1,337		$	—
Sublease income		(319)			—
Short-term lease cost^(b)		584			467
Total lease cost	$	1,602		$	467
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	872			—
Weighted-average remaining lease term in years - operating leases		1.8			—
Weighted-average discount rate - operating leases		5.7	%		—	%

(a)	Includes approximately $0.3 million of taxes, insurance and maintenance.

(b)

Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Consolidated Statements of Comprehensive Income (Loss) for the period. In addition, includes short-term lease of office space prior to the Transaction and is included in “General and administrative expenses” on the Consolidated Statements of Comprehensive Income (Loss) for both periods.

Schedule of maturities of lease liabilities under non-cancellable leases

Maturities under non-cancellable leases were as follows (in thousands):


	Rent Payments		Sublease Receipts		Total Cash Outflows
Remainder of 2026	$	2,614	$	(576)	$	2,038
2027		10,671		(2,328)		8,343
2028		3,783		(781)		3,002
2029		351		—		351
2030		361		—		361
Thereafter		114		—		114
Total lease payments	$	17,894	$	(3,685)	$	14,209
Less: imputed interest		(850)
Present value of lease liabilities	$	17,044