Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY AND MEZZANINE EQUITY

v3.24.3
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
Additional Paid in Capital
Class V Common Stock
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 $ 315,375   $ (309,545)  
Beginning balance at Dec. 31, 2022 516,805                      
Increase (Decrease) in Temporary Equity                        
Temporary Equity, Stock Compensation         $ (291)              
Net loss         (43,249)              
Ending balance at Mar. 31, 2023         473,723 $ (124)            
Beginning balance (in shares) at Dec. 31, 2022             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 (in shares) at Mar. 31, 2023             41,579,000 201,867,000        
Ending balance at Mar. 31, 2023 (2,685) $ (26)         $ 4 $ 20 316,061   (318,770) $ (26)
Increase (Decrease) in Stockholders' Equity                        
Beginning balance (2,685) $ (26)         $ 4 $ 20 316,061   (318,770) $ (26)
Temporary Equity, Stock Compensation         (291)              
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         (119,630)              
Private placement, net of offering costs (in shares)             69,157,000          
Fair value adjustment to redeemable non-controlling interest         330,617              
Net loss         (17,766)              
Ending balance at Jun. 30, 2023         667,235              
Increase (Decrease) in Stockholders' Equity                        
Equity-based compensation 740               740      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             3,362,000 (3,362,000)        
Exchanges of redeemable non-controlling interest for Class A common stock       $ 0     $ 0 $ 0   $ 0    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 119,630               119,630      
Fair value adjustment to redeemable non-controlling interest (330,617)               (330,617)      
Net loss (9,816)                   (9,816)  
Ending balance (in shares) at Jun. 30, 2023             114,098,000 198,505,000        
Ending balance at Jun. 30, 2023 (136,166)           $ 11 $ 20 192,389   (328,586)  
Increase (Decrease) in Stockholders' Equity                        
Private placement, net of offering costs 86,582           7   86,575      
Beginning balance (136,166)           $ 11 $ 20 192,389   (328,586)  
Temporary Equity, Stock Compensation         (105)              
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         358              
Fair value adjustment to redeemable non-controlling interest         (330,617)              
Net loss         (23,993)              
Ending balance at Sep. 30, 2023         313,088              
Increase (Decrease) in Stockholders' Equity                        
Restricted stock unit awards issued in satisfaction of executive transaction bonuses 5,000               5,000      
Equity-based compensation 2,146               2,146      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             151,000 (151,000)        
Exchanges of redeemable non-controlling interest for Class A common stock       $ 0     $ 0 $ 0   0    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes (358)               (358)      
Fair value adjustment to redeemable non-controlling interest 330,617               330,617      
Net loss (13,296)                   (13,296)  
Ending balance (in shares) at Sep. 30, 2023             114,249,000 198,354,000        
Ending balance at Sep. 30, 2023 187,943           $ 11 $ 20 529,794   (341,882)  
Increase (Decrease) in Stockholders' Equity                        
Beginning balance 187,943           11 20 529,794   (341,882)  
Beginning balance 142,130           $ 12 $ 20 509,442   (367,344)  
Beginning balance at Dec. 31, 2023         291,532              
Increase (Decrease) in Temporary Equity                        
Temporary Equity, Stock Compensation         0              
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         (1,211)              
Fair value adjustment to redeemable non-controlling interest         (20,579)              
Net loss         (30,906)              
Ending balance at Mar. 31, 2024         238,836              
Beginning balance (in shares) at Dec. 31, 2023     116,588,000 196,569,000     116,588,000 196,569,000        
Increase (Decrease) in Stockholders' Equity                        
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)             2,746,000          
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (73)               (73)      
Equity-based compensation 1,449               1,449      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             75,000 (75,000)        
Exchanges of redeemable non-controlling interest for Class A common stock       $ 0     $ 0 $ 0   0    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 1,211               1,211      
Fair value adjustment to redeemable non-controlling interest 20,579               20,579      
Net loss (18,700)                   (18,700)  
Ending balance (in shares) at Mar. 31, 2024             119,409,000 196,494,000        
Ending balance at Mar. 31, 2024 146,596           $ 12 $ 20 532,608   (386,044)  
Increase (Decrease) in Stockholders' Equity                        
Beginning balance 146,596           $ 12 $ 20 532,608   (386,044)  
Temporary Equity, Stock Compensation         0              
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         (24,095)              
Private placement, net of offering costs (in shares)             41,604,000          
Net loss         (16,754)              
Ending balance at Jun. 30, 2024         197,987              
Increase (Decrease) in Stockholders' Equity                        
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)             212,000          
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (30)               (30)      
Equity-based compensation 1,624               1,624      
Exchanges of redeemable non-controlling interests for Class A common stock (in shares)             537,000 (537,000)        
Exchanges of redeemable non-controlling interest for Class A common stock       $ 0     $ 0 $ 0   $ 0    
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes 24,095               24,095      
Net loss (12,020)                   (12,020)  
Ending balance (in shares) at Jun. 30, 2024             161,762,000 195,957,000        
Ending balance at Jun. 30, 2024 166,840           $ 16 $ 20 564,868   (398,064)  
Increase (Decrease) in Stockholders' Equity                        
Private placement, net of offering costs 6,575           4   6,571      
Beginning balance 166,840           $ 16 $ 20 564,868   (398,064)  
Temporary Equity, Stock Compensation         0              
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes         1,748              
Net loss         (56,338)              
Ending balance at Sep. 30, 2024         $ 143,397              
Increase (Decrease) in Stockholders' Equity                        
Issuance of Class A common stock upon settlement of RSUs, net of shares withheld for tax (in shares)             210,000          
Issuance of Class A common stock upon settlement of restricted stock units, net of shares withheld for tax (24)               (24)      
Equity-based compensation 1,958               1,958      
Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes (1,748)               (1,748)      
Net loss (46,512)                   (46,512)  
Ending balance (in shares) at Sep. 30, 2024     161,972,000 195,957,000     161,972,000 195,957,000        
Ending balance at Sep. 30, 2024 120,514           $ 16 $ 20 565,054   (444,576)  
Increase (Decrease) in Stockholders' Equity                        
Beginning balance $ 120,514           $ 16 $ 20 $ 565,054   $ (444,576)