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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Total revenue $ 1,759,484 $ 1,279,185
Costs and expenses    
Cost of revenue [1],[2] 1,641,638 1,196,389
General and administrative expenses 133,937 100,714
Transaction expenses 1,338 31,236
Total costs and expenses 1,776,913 1,328,339
Income (loss) from operations (17,429) (49,154)
Other income (expense)    
Interest expense (7,057) (6,417)
Interest income 3,199 1,326
Other (expense) income, net (3,326) (8,262)
Income (loss) before income taxes, equity loss in affiliate, and noncontrolling interest (24,613) (62,507)
Income tax expense 2,498 384
Income (loss) before equity loss in affiliate and noncontrolling interest (27,111) (62,891)
Equity in income (loss) of affiliate 153 (259)
Net income (loss) before noncontrolling interest (26,958) (63,150)
Net income attributable to noncontrolling interest 775 321
Net income (loss) before redeemable noncontrolling interest (27,733) (63,471)
Net income (loss) and noncontrolling interest attributable to Legacy AON Stockholders prior to the reverse recapitalization 0 (27,080)
Net income (loss) attributable to redeemable noncontrolling interest (23,760) (30,849)
Net loss attributable to Class A Common Stockholders, Basic (3,973) (5,542)
Net loss attributable to Class A Common Stockholders, Diluted (3,973) (5,542)
Series A Preferred Cumulative Dividends (5,550) (1,493)
Series A Preferred Deemed Dividends 0 (2,089)
Net loss attributable to Class A Common Stockholders (9,523) (9,124)
Reallocation of net loss attributable to Class A Common Stockholders as a result of the impact and conversion of dilutive securities (23,760) 0
Net loss attributable to Class A Common Stockholders for diluted loss per share $ (33,283) $ (9,124)
Loss per share of Class A Common Stock:    
Basic (usd per share) $ (0.69) $ (1.36)
Diluted (usd per share) $ (0.89) $ (1.36)
Weighted average shares of Class A Common Stock Outstanding:    
Basic (in shares) 13,717,309 6,685,515
Diluted (in shares) 37,504,811 6,685,515
Other comprehensive income (loss):    
Unrealized gains (losses) on marketable securities $ (184) $ 510
Other comprehensive gain (loss) (184) 510
Comprehensive income (loss) (27,917) (62,961)
Other comprehensive income (loss) attributable to Legacy AON Stockholders 0 (26,901)
Other comprehensive loss attributable to redeemable noncontrolling interests (23,891) (30,580)
Total comprehensive loss attributable to Class A Common Stockholders (4,026) (5,480)
Patient service revenue, net    
Revenue    
Total revenue 1,743,978 1,265,719
Other revenue    
Revenue    
Total revenue $ 15,506 $ 13,466
[1] Includes related party inventory expense of $1,478,301 and $1,056,343 for the years ended December 31, 2024 and 2023, respectively.
[2] Includes related party rent of $2,637 and $2,716 for the years ended December 31, 2024 and 2023, respectively.