Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY AND MEZZANINE EQUITY

v3.25.1
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 $ 5,854           $ 4 $ 20   $ (309,545)  
Beginning balance at Dec. 31, 2022         $ 516,805       $ 315,375    
Increase (Decrease) in Temporary Equity                      
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         117,860            
Private placement, net of offering costs (in shares)             69,157,000        
Fair value adjustment to redeemable non-controlling interest         20,579            
Net loss         (128,653)            
Ending balance at Dec. 31, 2023         291,532 $ (124)     509,442   $ (26)
Beginning balance (in shares) at Dec. 31, 2022             41,579,000 201,592,000      
Increase (Decrease) in Stockholders' Equity                      
At-the-market sales, net of offering costs 33           $ 27   33    
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)             204,000        
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (16)               (16)    
Restricted stock unit awards issued in satisfaction of executive transaction bonuses 5,000               5,000    
Issuance of restricted stock awards (in shares)             250,000        
Vesting of Class V common stock awards (in shares)               348,000      
Stock Issued, Value , Stock Compensation Awards, Vesting               $ 1 (1)    
Equity-based compensation 5,194       785       5,194    
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             5,371,000 (5,371,000)      
Exchanges of redeemable non-controlling interest for Class A common stock             $ 1 $ (1)      
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 117,860               117,860    
Fair value adjustment to redeemable non-controlling interest (20,579)               (20,579)    
Net loss (57,773)                 (57,773)  
Ending balance (in shares) at Dec. 31, 2023     116,588,000 196,569,000     116,588,000 196,569,000      
Ending balance at Dec. 31, 2023 142,130 $ (26)         $ 12 $ 20   (367,344)  
Increase (Decrease) in Stockholders' Equity                      
Private placement, net of offering costs 86,583           7   86,576    
Beginning balance 142,130 $ (26)         $ 12 $ 20   (367,344)  
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         22,831            
Private placement, net of offering costs (in shares)             41,604,000        
Fair value adjustment to redeemable non-controlling interest         (20,579)            
Net loss         (174,529)            
Ending balance at Dec. 31, 2024         73,593       579,093    
Increase (Decrease) in Stockholders' Equity                      
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)             4,066,000        
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (103)               (103)    
Equity-based compensation 5,752       $ 0       5,752    
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             612,000 (612,000)      
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 22,831               22,831    
Fair value adjustment to redeemable non-controlling interest 20,579               20,579    
Adjustments to Additional Paid in Capital, Warrant Issued 12,127               12,127    
Net loss (135,849)                 (135,849)  
Ending balance (in shares) at Dec. 31, 2024     162,870,000 195,957,000     162,870,000 195,957,000      
Ending balance at Dec. 31, 2024 75,936           $ 16 $ 20   (503,193)  
Increase (Decrease) in Stockholders' Equity                      
Private placement, net of offering costs 8,469           4   $ 8,465    
Beginning balance $ 75,936           $ 16 $ 20   $ (503,193)