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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (8,829) $ (4,480)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,085 7,128
(Gain) on disposition of investments 0 (605)
(Gain) on extinguishment of debt (2,391) 0
Impairment of long-lived assets 0 70
Amortization of capitalized promotions 407 478
Other non-cash, net (31) 66
Change in assets and liabilities:    
Net (increase) decrease in prepaid expenses and other assets (1,535) (1,240)
Net increase (decrease) in accounts payable and accrued expenses (2,543) (1,040)
Net increase (decrease) in other liabilities (197) (497)
Net (increase) decrease in due from affiliates 632 869
Net cash provided by (used in) operating activities (5,402) 749
Cash flows from investing activities    
Capitalized internal-use software development costs (5,227) (10,959)
Issuance of notes receivable 0 (2,750)
Proceeds from payoff of notes receivable 0 9,000
Proceeds from disposition of investments 0 2,079
Other, net (105) (69)
Net cash used in investing activities (5,332) (2,699)
Cash flows from financing activities    
Distribution of Member’s Equity of NCI (53) (56)
Proceeds from the issuance of Class B Common Stock, net of offering costs   (66)
Proceeds from the issuance of Class B Common Stock, net of offering costs 6,753  
Redemptions of Class B Common Stock (5,645) (4,751)
Exercise of Class A Common Stock 13 0
Payment of principal on loan payable (374) 0
Net cash provided by (used in) financing activities 694 (4,873)
Net increase (decrease) in cash and cash equivalents (10,040) (6,823)
Cash, restricted cash and cash equivalents, beginning of period 21,155 41,065
Cash, restricted cash and cash equivalents, end of period 11,115 34,242
Supplemental disclosures of cash flow information    
Cash paid for interest 0 0
Cash paid for income taxes 0 68
Supplemental disclosures of non-cash investing activity:    
Capitalization of interest receivable to notes receivable (Note 15) $ 569 $ 0