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

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT)

v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Equity Offering
ATM Facility
Total Shareholders’ Equity (Deficit)
Total Shareholders’ Equity (Deficit)
Equity Offering
Total Shareholders’ Equity (Deficit)
ATM Facility
Common Stock
Common Stock
Equity Offering
Common Stock
ATM Facility
Treasury Stock
Additional Paid-in Capital
Additional Paid-in Capital
Equity Offering
Additional Paid-in Capital
ATM Facility
Accumulated Deficit
Accumulated  Other Comprehensive Income (Loss)
Noncontrolling Interests
Common stock, beginning balance (in shares) at Dec. 31, 2022             64,280,631                  
Beginning balance at Dec. 31, 2022 $ (6,475)     $ (6,701)     $ 6     $ (381) $ 198,126     $ (206,528) $ 2,076 $ 226
Treasury stock, beginning balance (in shares) at Dec. 31, 2022                   141,811            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Equity-based compensation expense 8,658     8,658             8,658          
Common stock issued (in shares)             497,392                  
Common stock issued 1,280     1,280             1,280          
Common stock issued for share-based awards (in shares)             768,151                  
Common stock issued for share-based awards 1     1     $ 1                  
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)                   211,659            
Shares repurchased for settlement of employee tax withholdings on share-based awards (570)     (570)           $ (570)            
Convertible preferred stock paid-in-kind dividend (19,741)     (19,741)             (19,741)          
Foreign currency translation, net of tax 830     827                     827 3
Net income (loss) (27,264)     (27,263)                   (27,263)   (1)
Common stock, ending balance (in shares) at Dec. 31, 2023             65,546,174                  
Ending balance at Dec. 31, 2023 (43,281)     (43,509)     $ 7     $ (951) 188,323     (233,791) 2,903 228
Treasury stock, ending balance (in shares) at Dec. 31, 2023                   353,470            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Equity-based compensation expense 11,326     11,326             11,326          
Common stock issued for share-based awards (in shares)             1,456,196                  
Common stock issued for share-based awards 2,669     2,669             2,669          
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)                   375,269            
Shares repurchased for settlement of employee tax withholdings on share-based awards (2,622)     (2,622)           $ (2,622)            
Convertible preferred stock paid-in-kind dividend (40,699)     (40,699)             (40,699)          
Sale of joint ventures (389)     (164)                     (164) (225)
Foreign currency translation, net of tax (1,407)     (1,400)                     (1,400) (7)
Net income (loss) $ (114,311)     (114,315)                   (114,315)   4
Common stock, ending balance (in shares) at Dec. 31, 2024 67,002,370           67,002,370                  
Ending balance at Dec. 31, 2024 $ (188,714)     (188,714)     $ 7     $ (3,573) 161,619     (348,106) 1,339 0
Treasury stock, ending balance (in shares) at Dec. 31, 2024 728,739                 728,739            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Equity-based compensation expense $ 58,990     58,990             58,990          
Common stock issued (in shares)               16,125,100 25,520,441              
Common stock issued   $ 254,158 $ 179,290   $ 254,158 $ 179,290   $ 1 $ 3     $ 254,157 $ 179,287      
Common stock issued in connection with Edge Acquisition (in shares)             49,764,847                  
Common stock issued in connection with Edge Acquisition 862,561     862,561     $ 5       862,556          
Common stock issued for share-based awards (in shares)             2,474,793                  
Common stock issued for share-based awards 1,400     1,400             1,400          
Common issued for warrants exercised (in shares)             9,499,138                  
Common stock issued for warrants exercised 117,780     117,780     $ 1       117,779          
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)                   307,555            
Shares repurchased for settlement of employee tax withholdings on share-based awards (3,769)     (3,769)           $ (3,769)            
Convertible preferred stock paid-in-kind dividend (47,146)     (47,146)             (47,146)          
Convertible preferred stock converted to common stock (in shares)             21,529,115                  
Convertible preferred stock converted to common stock 90,159     90,159     $ 2       90,157          
Convertible preferred stock repurchased (47,104)     (47,104)                   (47,104)    
Foreign currency translation, net of tax 8,963     8,963                     8,963  
Net income (loss) $ (226,552)     (226,552)                   (226,552)    
Common stock, ending balance (in shares) at Dec. 31, 2025 191,915,804           191,915,804                  
Ending balance at Dec. 31, 2025 $ 1,060,016     $ 1,060,016     $ 19     $ (7,342) $ 1,678,799     $ (621,762) $ 10,302 $ 0
Treasury stock, ending balance (in shares) at Dec. 31, 2025 1,036,294                 1,036,294