Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (Unaudited)

v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (Unaudited) - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity (Deficit)
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated  Other Comprehensive Income (Loss)
Noncontrolling Interests
Common stock, beginning balance (in shares) at Dec. 31, 2023     65,546,174          
Beginning balance at Dec. 31, 2023 $ (43,281) $ (43,509) $ 7 $ (951) $ 188,323 $ (233,791) $ 2,903 $ 228
Treasury stock, beginning balance (in shares) at Dec. 31, 2023       353,470        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense 8,046 8,046     8,046      
Common stock issued for share-based awards (in shares)     994,697          
Common stock issued for share-based awards 546 546     546      
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)       261,184        
Shares repurchased for settlement of employee tax withholdings on share-based awards (1,737) (1,737)   $ (1,737)        
Convertible preferred stock paid-in-kind dividend (12,590) (12,590)     (12,590)      
Sale of joint ventures (389) (164)         (164) (225)
Foreign currency translation, net of tax 127 134         134 (7)
Net income (loss) (47,142) (47,146)       (47,146)   4
Common stock, ending balance (in shares) at Sep. 30, 2024     66,540,871          
Ending balance at Sep. 30, 2024 (96,420) (96,420) $ 7 $ (2,688) 184,325 (280,937) 2,873 0
Treasury stock, ending balance (in shares) at Sep. 30, 2024       614,654        
Common stock, beginning balance (in shares) at Jun. 30, 2024     65,980,697          
Beginning balance at Jun. 30, 2024 (78,266) (78,266) $ 7 $ (1,007) 180,716 (259,978) 1,996 0
Treasury stock, beginning balance (in shares) at Jun. 30, 2024       373,420        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense 3,593 3,593     3,593      
Common stock issued for share-based awards (in shares)     560,174          
Common stock issued for share-based awards 16 16     16      
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)       241,234        
Shares repurchased for settlement of employee tax withholdings on share-based awards (1,681) (1,681)   $ (1,681)        
Foreign currency translation, net of tax 877 877         877  
Net income (loss) (20,959) (20,959)       (20,959)    
Common stock, ending balance (in shares) at Sep. 30, 2024     66,540,871          
Ending balance at Sep. 30, 2024 $ (96,420) $ (96,420) $ 7 $ (2,688) 184,325 (280,937) 2,873 $ 0
Treasury stock, ending balance (in shares) at Sep. 30, 2024       614,654        
Common stock, beginning balance (in shares) at Dec. 31, 2024 67,002,370   67,002,370          
Beginning balance at Dec. 31, 2024 $ (188,714)   $ 7 $ (3,573) 161,619 (348,106) 1,339  
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 728,739     728,739        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense $ 47,591       47,591      
Common stock issued in offering (in shares)     16,125,100          
Common stock issued in offering 254,158   $ 1   254,157      
Common stock issued in connection with Edge Acquisition (in shares)     49,764,847          
Common stock issued in connection with Edge Acquisition 862,561   $ 5   862,556      
Common stock issued for share-based awards (in shares)     1,230,213          
Common stock issued for share-based awards 831       831      
Common issued for warrants exercised (in shares)     9,499,138          
Common stock issued for warrants exercised 117,780   $ 1   117,779      
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)       175,186        
Shares repurchased for settlement of employee tax withholdings on share-based awards (2,763)     $ (2,763)        
Convertible preferred stock paid-in-kind dividend (33,285)       (33,285)      
Convertible preferred stock converted to common stock (in shares)     11,566,424          
Convertible preferred stock converted to common stock 48,463   $ 1   48,462      
Convertible preferred stock repurchased (47,104)         (47,104)    
Foreign currency translation, net of tax 9,606           9,606  
Net income (loss) $ (141,079)         (141,079)    
Common stock, ending balance (in shares) at Sep. 30, 2025 155,188,092   155,188,092          
Ending balance at Sep. 30, 2025 $ 928,045   $ 15 $ (6,336) 1,459,710 (536,289) 10,945  
Treasury stock, ending balance (in shares) at Sep. 30, 2025 903,925     903,925        
Common stock, beginning balance (in shares) at Jun. 30, 2025     142,575,692          
Beginning balance at Jun. 30, 2025 $ 907,592   $ 14 $ (3,581) 1,392,204 (493,393) 12,348  
Treasury stock, beginning balance (in shares) at Jun. 30, 2025       729,295        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense 11,993       11,993      
Common stock issued in offering (in shares)     600,100          
Common stock issued in offering 9,118       9,118      
Common stock issued for share-based awards (in shares)     1,012,300          
Common stock issued for share-based awards 4       4      
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)       174,630        
Shares repurchased for settlement of employee tax withholdings on share-based awards (2,755)     $ (2,755)        
Convertible preferred stock converted to common stock (in shares)     11,000,000          
Convertible preferred stock converted to common stock 46,392   $ 1   46,391      
Convertible preferred stock repurchased (1,744)         (1,744)    
Foreign currency translation, net of tax (1,403)           (1,403)  
Net income (loss) $ (41,152)         (41,152)    
Common stock, ending balance (in shares) at Sep. 30, 2025 155,188,092   155,188,092          
Ending balance at Sep. 30, 2025 $ 928,045   $ 15 $ (6,336) $ 1,459,710 $ (536,289) $ 10,945  
Treasury stock, ending balance (in shares) at Sep. 30, 2025 903,925     903,925