XML 41 R34.htm IDEA: XBRL DOCUMENT
v3.25.1

Supplemental Information to the Condensed Consolidated Financial Statements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Change in Accounts Receivable Allowance for Credit Losses | The following table summarizes the change in the accounts receivable allowance for credit losses for the periods presented (in thousands):
|  | As of March 31, |
|  | 2025 |  |  | 2024 |
Accounts receivable allowance for credit losses, beginning of period |  | $ |  | 1,169 |  |  | $ |  | 1,259 |
Write-offs |  |  |  | (319 | ) |  |  |  | (206 | )
Expense |  |  |  | 456 |  |  |  |  | 97 |
Accounts receivable allowance for credit losses, end of period |  | $ |  | 1,306 |  |  | $ |  | 1,150 |
Schedule of Accounts Receivable and Contract Liabilities from Contracts with Customers | The following table provides information about accounts receivable and deferred revenues from contracts with customers (in thousands):
|  | As of March 31, |  |  | As of December 31, |
|  | 2025 |  |  | 2024 |
Accounts receivable, net |  | $ |  | 134,301 |  |  | $ |  | 120,353 |
Deferred revenue |  | $ |  | 7,578 |  |  | $ |  | 8,002 |
The following table presents a reconciliation of contract liabilities for the periods presented (in thousands):
|  | As of March 31, |
|  | 2025 |  |  | 2024 |
Deferred revenue, beginning of period |  | $ |  | 8,002 |  |  | $ |  | 1,515 |
Deposits received |  |  |  | 7,735 |  |  |  |  | 3,308 |
Revenue recognized |  |  |  | (8,159 | ) |  |  |  | (952 | )
Deferred revenue, end of period |  | $ |  | 7,578 |  |  | $ |  | 3,871 |
Schedule of Accrued Liabilities | Accrued liabilities as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):
|  | As of March 31, |  |  | As of December 31, |
|  | 2025 |  |  | 2024 |
Accrued payroll and employee expenses |  | $ |  | 14,850 |  |  | $ |  | 17,102 |
Accrued taxes |  |  |  | 8,118 |  |  |  |  | 7,284 |
Customer deposits |  |  |  | 270 |  |  |  |  | 530 |
Accrued interest |  |  |  | 1,514 |  |  |  |  | 3,557 |
Accrued IPO costs |  |  |  | 594 |  |  |  |  | 1,687 |
Other accrued liabilities |  |  |  | 1,786 |  |  |  |  | 3,669 |
Total accrued expenses |  | $ |  | 27,132 |  |  | $ |  | 33,829 |
Schedule of Supplemental Cash Flow Information |
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Supplemental disclosures of investing and financing activities |  |  |  |  |  |  |  |
Cash paid for interest |  | $ |  | 4,274 |  |  | $ |  | 98 |
Cash paid for income taxes |  | $ |  | — |  |  | $ |  | — |
Supplemental schedule of non-cash activities |  |  |  |  |  |  |  |
Issuance of 64,823,042 shares of Class B common stock to the Continuing Equity Owners, net of redemption of certain LLC Interests and Blocker Shareholders' exchange to Class A shares |  | $ |  | — |  |  | $ |  | — |
Issuance of 5,251,620 shares of Class A common stock to the Blocker Shareholders in exchange of LLC Interests |  | $ |  | — |  |  | $ |  | — |
Establishment of liabilities under Tax Receivable Agreement in the IPO |  | $ |  | 10,173 |  |  | $ |  | — |
Establishment of deferred tax asset under Tax Receivable Agreement and the UPO |  | $ |  | 12,484 |  |  | $ |  | — |
Lease liabilities arising from obtaining operating right-of-use assets |  | $ |  | 345 |  |  | $ |  | — |
Lease liabilities arising from obtaining financing right-of-use assets |  | $ |  | 3,803 |  |  | $ |  | 1,109 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration