Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY AND MEZZANINE EQUITY

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND MEZZANINE EQUITY - USD ($)
$ in Thousands
Total
Cumulative adjustment due to adoption of new credit loss standard
Class A Common Stock
Class V Common Stock
Redeemable Non-controlling Interest
Redeemable Non-controlling Interest
Cumulative adjustment due to adoption of new credit loss standard
Common Stock
Class A Common Stock
Common Stock
Class V Common Stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Deficit
Cumulative adjustment due to adoption of new credit loss standard
Increase (Decrease) in Stockholders' Equity                      
Beginning balance $ 273,552           $ 4 $ 20 $ 312,946 $ (39,418)  
Beginning balance at Dec. 31, 2021         $ 1,790,617            
Increase (Decrease) in Temporary Equity                      
Equity-based compensation         11,711            
Net loss         (50,213)            
Ending balance at Mar. 31, 2022         1,752,115            
Beginning balance (in shares) at Dec. 31, 2021             41,579,000 196,554,000      
Increase (Decrease) in Stockholders' Equity                      
Vesting of Class V common stock awards (in shares)               549,000      
Net loss (10,577)                 (10,577)  
Ending balance at Mar. 31, 2022 262,975           $ 4 $ 20 312,946 (49,995)  
Ending balance (in shares) at Mar. 31, 2022             41,579,000 197,103,000      
Beginning balance at Dec. 31, 2021         1,790,617            
Increase (Decrease) in Temporary Equity                      
Fair value adjustment to redeemable non-controlling interest 19,400                    
Ending balance at Sep. 30, 2022         974,078            
Beginning balance (in shares) at Dec. 31, 2021             41,579,000 196,554,000      
Ending balance at Sep. 30, 2022 $ 78,076           $ 4 $ 20 293,571 (215,519)  
Ending balance (in shares) at Sep. 30, 2022             41,579,000 201,530,000      
Beginning balance at Dec. 31, 2021         1,790,617            
Ending balance at Dec. 31, 2022         516,805 $ (124)          
Increase (Decrease) in Temporary Equity                      
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13 [Member]                    
Beginning balance (in shares) at Dec. 31, 2021             41,579,000 196,554,000      
Ending balance at Dec. 31, 2022 $ 5,854 $ (26)         $ 4 $ 20 315,375 (309,545) $ (26)
Ending balance (in shares) at Dec. 31, 2022     41,579,000 201,592,000     41,579,000 201,592,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance 262,975           $ 4 $ 20 312,946 (49,995)  
Beginning balance at Mar. 31, 2022         1,752,115            
Increase (Decrease) in Temporary Equity                      
Equity-based compensation         3,716            
Net loss         (748,756)            
Ending balance at Jun. 30, 2022         1,007,075            
Beginning balance (in shares) at Mar. 31, 2022             41,579,000 197,103,000      
Increase (Decrease) in Stockholders' Equity                      
Vesting of Class V common stock awards (in shares)               4,320,000      
Equity-based compensation                 0    
Net loss (154,350)                 (154,350)  
Ending balance at Jun. 30, 2022 108,625           $ 4 $ 20 312,946 (204,345)  
Ending balance (in shares) at Jun. 30, 2022             41,579,000 201,423,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance 108,625           $ 4 $ 20 312,946 (204,345)  
Equity-based compensation         1,784            
Fair value adjustment to redeemable non-controlling interest         19,375            
Net loss         (54,156)            
Ending balance at Sep. 30, 2022         974,078            
Increase (Decrease) in Stockholders' Equity                      
Vesting of Class V common stock awards (in shares)               107,000      
Fair value adjustment to redeemable non-controlling interests (19,375)               (19,375)    
Net loss (11,174)                 (11,174)  
Ending balance at Sep. 30, 2022 78,076           $ 4 $ 20 293,571 (215,519)  
Ending balance (in shares) at Sep. 30, 2022             41,579,000 201,530,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance 78,076           $ 4 $ 20 293,571 (215,519)  
Beginning balance 5,854 $ (26)         $ 4 $ 20 315,375 (309,545) $ (26)
Beginning balance at Dec. 31, 2022         516,805 $ (124)          
Increase (Decrease) in Temporary Equity                      
Equity-based compensation         291            
Net loss         (43,249)            
Ending balance at Mar. 31, 2023         473,723            
Beginning balance (in shares) at Dec. 31, 2022     41,579,000 201,592,000     41,579,000 201,592,000      
Increase (Decrease) in Stockholders' Equity                      
Vesting of Class V common stock awards (in shares)               275,000      
Equity-based compensation 686               686    
Net loss (9,199)                 (9,199)  
Ending balance at Mar. 31, 2023 (2,685)           $ 4 $ 20 316,061 (318,770)  
Ending balance (in shares) at Mar. 31, 2023             41,579,000 201,867,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance (2,685)           $ 4 $ 20 316,061 (318,770)  
Equity-based compensation         291            
Fair value adjustment to redeemable non-controlling interest         330,617            
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         (119,630)            
Net loss         (17,766)            
Ending balance at Jun. 30, 2023         667,235            
Increase (Decrease) in Stockholders' Equity                      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             3,362,000 (3,362,000)      
Equity-based compensation 740               740    
Fair value adjustment to redeemable non-controlling interest (330,617)               (330,617)    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 119,630               119,630    
Private placement, net of offering costs 86,582           $ 7   86,575    
Private placement, net of offering costs (in shares)             69,157,000        
Net loss (9,816)                 (9,816)  
Ending balance at Jun. 30, 2023 (136,166)           $ 11 $ 20 192,389 (328,586)  
Ending balance (in shares) at Jun. 30, 2023             114,098,000 198,505,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance (136,166)           $ 11 $ 20 192,389 (328,586)  
Equity-based compensation         105            
Fair value adjustment to redeemable non-controlling interest         (330,617)            
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         358            
Net loss         (23,993)            
Ending balance at Sep. 30, 2023         $ 313,088            
Increase (Decrease) in Stockholders' Equity                      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             151,000 (151,000)      
Equity-based compensation 2,146               2,146    
Restricted stock unit awards issued in satisfaction of executive transaction bonuses 5,000               5,000    
Fair value adjustment to redeemable non-controlling interest 330,617               330,617    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes (358)               (358)    
Net loss (13,296)                 (13,296)  
Ending balance at Sep. 30, 2023 187,943           $ 11 $ 20 529,794 (341,882)  
Ending balance (in shares) at Sep. 30, 2023     114,249,000 198,354,000     114,249,000 198,354,000      
Increase (Decrease) in Stockholders' Equity                      
Beginning balance $ 187,943           $ 11 $ 20 $ 529,794 $ (341,882)