XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Debtentures
Pre-funded warrants
Class A Common Stock
Class V Common Stock
Total Stockholders’ Equity
Total Stockholders’ Equity
Debtentures
Total Stockholders’ Equity
Pre-funded warrants
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Debtentures
Common Stock
Class A Common Stock
Pre-funded warrants
Common Stock
Class V Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Debtentures
Additional Paid-in Capital
Pre-funded warrants
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2023                 3,793,837     7,200,064            
Beginning balance at Dec. 31, 2023 $ 135,714         $ 48,282     $ 0     $ 1 $ 799,683     $ (751,301) $ (101) $ 87,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 8,013         8,013             8,013          
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 118,593                  
Shares issued upon vesting of share-based awards, net of tax withholding (2,259)         (2,259)             (2,259)          
Common Stock Issuance (in shares)                 1,955,924                  
Equity offerings, net of issuance costs and Common Stock Issuance 11,269         11,269     $ 1       11,268          
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)                 4,725     4,725            
Exchange of Class V shares for Class A shares and Conversion of Debentures 0         63             63         (63)
Currency translation adjustment, net of tax (421)         (160)                     (160) (261)
Unrealized losses on available-for-sale securities, net of tax (158)         (60)                     (60) (98)
Net loss (21,275)         (8,165)                   (8,165)   (13,110)
Ending balance (in shares) at Mar. 31, 2024                 5,873,079     7,195,339            
Ending balance at Mar. 31, 2024 130,883         56,983     $ 1     $ 1 816,768     (759,466) (321) 73,900
Beginning balance (in shares) at Dec. 31, 2023                 3,793,837     7,200,064            
Beginning balance at Dec. 31, 2023 135,714         48,282     $ 0     $ 1 799,683     (751,301) (101) 87,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Currency translation adjustment, net of tax (372)                                  
Unrealized losses on available-for-sale securities, net of tax 3                                  
Net loss (63,078)                                  
Ending balance (in shares) at Sep. 30, 2024                 6,465,776     7,194,941            
Ending balance at Sep. 30, 2024 101,993         50,473     $ 1     $ 1 829,477     (778,783) (223) 51,520
Beginning balance (in shares) at Mar. 31, 2024                 5,873,079     7,195,339            
Beginning balance at Mar. 31, 2024 130,883         56,983     $ 1     $ 1 816,768     (759,466) (321) 73,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 2,406         2,406             2,406          
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 86,178                  
Shares issued upon vesting of share-based awards, net of tax withholding (59)         (59)             (59)          
Exercise of warrants (in shares)                 12                  
Common Stock Issuance (in shares)                 350,881                  
Equity offerings, net of issuance costs and Common Stock Issuance 4,903         4,903             4,903          
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)                 398     398            
Exchange of Class V shares for Class A shares and Conversion of Debentures 0         5             5         (5)
Currency translation adjustment, net of tax (199)         (92)                     (92) (107)
Unrealized losses on available-for-sale securities, net of tax 157         72                     72 85
Net loss (35,512)         (16,424)                   (16,424)   (19,088)
Ending balance (in shares) at Jun. 30, 2024                 6,310,548     7,194,941            
Ending balance at Jun. 30, 2024 102,579         47,794     $ 1     $ 1 824,023     (775,890) (341) 54,785
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 2,630         2,630             2,630          
Forfeiture and cancellation of common units 0                                  
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 11,053                  
Shares issued upon vesting of share-based awards, net of tax withholding (8)         (8)             (8)          
Exercise of warrants (in shares)                 144,175                  
Exercise of Warrants 2,832         2,832             2,832          
Currency translation adjustment, net of tax 247         116                     116 131
Unrealized losses on available-for-sale securities, net of tax 4         2                     2 2
Net loss (6,291)         (2,893)                   (2,893)   (3,398)
Ending balance (in shares) at Sep. 30, 2024                 6,465,776     7,194,941            
Ending balance at Sep. 30, 2024 101,993         50,473     $ 1     $ 1 829,477     (778,783) (223) 51,520
Beginning balance (in shares) at Dec. 31, 2024       6,510,885 7,178,303       6,510,885     7,178,303            
Beginning balance at Dec. 31, 2024 62,853         33,894     $ 1     $ 1 832,693     (797,960) (841) 28,959
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 3,343         3,343             3,343          
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 144,937                  
Shares issued upon vesting of share-based awards, net of tax withholding (906)         (906)             (906)          
Exercise of warrants (in shares)                 4                  
Exercise of Warrants 1         1             1          
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)                 529     529            
Exchange of Class V shares for Class A shares and Conversion of Debentures 0         3             3         (3)
Currency translation adjustment, net of tax 29         14                     14 15
Net loss 16,239         7,710                   7,710   8,529
Ending balance (in shares) at Mar. 31, 2025                 6,656,355     7,177,774            
Ending balance at Mar. 31, 2025 81,559         44,059     $ 1     $ 1 835,134     (790,250) (827) 37,500
Beginning balance (in shares) at Dec. 31, 2024       6,510,885 7,178,303       6,510,885     7,178,303            
Beginning balance at Dec. 31, 2024 62,853         33,894     $ 1     $ 1 832,693     (797,960) (841) 28,959
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)       1,063,576                            
Currency translation adjustment, net of tax 593                                  
Unrealized losses on available-for-sale securities, net of tax 0                                  
Net loss (37,069)                                  
Ending balance (in shares) at Sep. 30, 2025       16,466,495 7,174,575       16,446,495     7,174,575            
Ending balance at Sep. 30, 2025 128,564         114,394     $ 2     $ 1 934,896     (819,902) (603) 14,170
Beginning balance (in shares) at Mar. 31, 2025                 6,656,355     7,177,774            
Beginning balance at Mar. 31, 2025 81,559         44,059     $ 1     $ 1 835,134     (790,250) (827) 37,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 6,338         6,338             6,338          
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 317,687                  
Shares issued upon vesting of share-based awards, net of tax withholding (806)         (806)             (806)          
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)                 698     698            
Exchange of Class V shares for Class A shares and Conversion of Debentures 0         5             5         (5)
Currency translation adjustment, net of tax 886         432                     432 454
Net loss (30,152)         (14,734)                   (14,734)   (15,418)
Ending balance (in shares) at Jun. 30, 2025                 6,974,740     7,177,076            
Ending balance at Jun. 30, 2025 57,825         35,294     $ 1     $ 1 840,671     (804,984) (395) 22,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Share-based compensation 8,281         8,281             8,281          
Shares issued upon vesting of share-based awards, net of tax withholding (in shares)                 250,977                  
Shares issued upon vesting of share-based awards, net of tax withholding (1,705)         (1,705)             (1,705)          
Exercise of warrants (in shares)                     718,098              
Exercise of Warrants     $ 7,181         $ 7,181             $ 7,181      
Common Stock Issuance (in shares)                 6,753,627                  
Equity offerings, net of issuance costs and Common Stock Issuance 62,962         62,962     $ 1       62,961          
Exchange of Class V shares for Class A shares and Conversion of Debentures (in shares)                 2,501 1,746,552   2,501            
Exchange of Class V shares for Class A shares and Conversion of Debentures 0 $ 17,500       7 $ 17,500           7 $ 17,500       (7)
Currency translation adjustment, net of tax (324)         (208)                     (208) (116)
Unrealized losses on available-for-sale securities, net of tax 0                                  
Net loss (23,156)         (14,918)                   (14,918)   (8,238)
Ending balance (in shares) at Sep. 30, 2025       16,466,495 7,174,575       16,446,495     7,174,575            
Ending balance at Sep. 30, 2025 $ 128,564         $ 114,394     $ 2     $ 1 $ 934,896     $ (819,902) $ (603) $ 14,170