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

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY AND MEZZANINE EQUITY

v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND MEZZANINE EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class V Common Stock
Noncontrolling Interest [Member]
Common Stock
Class A Common Stock
Common Stock
Class V Common Stock
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity                
Beginning balance $ 142,130       $ 0 $ 0   $ (367,344)
Beginning balance at Dec. 31, 2023       $ 291,532     $ 509,474  
Increase (Decrease) in Temporary Equity                
Temporary Equity, Remeasurement Adjustment       22,831        
Private placement, net of offering costs (in shares)         832,000      
Fair value adjustment to redeemable non-controlling interest       (20,579)        
Net loss       (174,529)        
Ending balance at Dec. 31, 2024       73,593     579,129  
Beginning balance (in shares) at Dec. 31, 2023         2,331,000 3,932,000    
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)         81,000      
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  
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  
Private placement, net of offering costs 8,469       $ 0   8,469  
Net loss (135,849)             (135,849)
Ending balance (in shares) at Dec. 31, 2024   3,257,000 3,919,000   3,257,000 3,919,000    
Ending balance at Dec. 31, 2024 75,936       $ 0 $ 0   (503,193)
Increase (Decrease) in Stockholders' Equity                
Beginning balance 75,936       $ 0 $ 0   (503,193)
Temporary Equity, Remeasurement Adjustment       3,856        
Fair value adjustment to redeemable non-controlling interest       119,398        
Net loss       (175,138)        
Ending balance at Dec. 31, 2025       14,997     495,909  
Increase (Decrease) in Stockholders' Equity                
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)         29,000      
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax 0           0  
Equity-based compensation 5,581     $ 0     5,581  
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 3,856           3,856  
Fair value adjustment to redeemable non-controlling interest (119,398)           (119,398)  
Adjustments to Additional Paid in Capital, Warrant Issued 26,741           $ 26,741  
Net loss (147,948)             (147,948)
Ending balance (in shares) at Dec. 31, 2025   3,286,000 3,919,000   3,286,000 3,919,000    
Ending balance at Dec. 31, 2025 (155,232)       $ 0 $ 0   (651,141)
Increase (Decrease) in Stockholders' Equity                
Beginning balance $ (155,232)       $ 0 $ 0   $ (651,141)