XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.25.3

Stock-based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Class P Unit Activities | A summary of the Class P Unit activity for the nine months ended September 30, 2025 is as follows:
|  | Number of Units
Outstanding Class P Units, December 31, 2024 |  | 14,403,732 |
Cancellations |  | — |
Exchanged for Class A Common Stock |  | (600,000) |
Outstanding, Class P Units, September 30, 2025 |  | 13,803,732 |
Vested, September 30, 2025 |  | 13,803,732
Schedule of Restricted Stock Units Activity | A summary of the restricted stock unit (“RSU”) activity for the nine months ended September 30, 2025 is as follows:
|  | Number of RSUs |  | Weighted-average Grant Date Fair Value
Non-vested at December 31, 2024 |  | 7,946,908 |  |  | $ | 1.46 |
Granted |  | 4,690,908 |  | $ | 1.28 |
Vested |  | (3,556,577) |  |  | $ | 1.91 |
Forfeited |  | (780,116) |  |  | $ | 1.95 |
Non-vested at September 30, 2025 |  | 8,301,123 |  | $ | 1.12 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following table summarizes the key assumptions used in estimating the value of the PRSUs granted in November 2024.
Grant Date |  | November 07, 2024
Performance period |  | November 07, 2024 - December 31, 2027
PRSUs Granted |  | 4,342,391
Grant Date Stock Price |  | $0.77
Risk-Free Rate at Valuation Date |  | 4.05%
Cost of Equity |  | 18.00%
Estimated Volatility at Valuation Date |  | 85.61%
Schedule of Performance Shares Activity | A summary of the PRSU activity for the nine months ended September 30, 2025 is as follows:
|  | Number of PRSUs |  | Weighted-average Grant Date Fair Value
Non-vested at December 31, 2024 |  | 4,342,391 |  |  | $ | 0.38 |
Granted |  | 0 |  | $ | — |
Vested |  | — |  |  | $ | — |
Forfeited |  | — |  |  | $ | — |
Non-vested at September 30, 2025 |  | 4,342,391 |  |  | $ | 0.38 |
Schedule of Stock-based Payment Arrangement | The Company recorded stock-based compensation cost related to the RSUs, PRSUs and Class P Units in the following expense categories on the accompanying condensed consolidated statements of operations (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Sales and marketing | $ | 165 |  |  | $ | 351 |  |  | $ | 669 |  |  | $ | 1,116 |
Product development | 458 |  |  | 985 |  |  | 1,741 |  |  | 2,811 |
General and administrative | 928 |  |  | 265 |  |  | 3,959 |  |  | 3,245 |
Total stock-based compensation expense | 1,551 |  |  | 1,601 |  |  | 6,369 |  |  | 7,172 |
Amount capitalized to software development | 158 |  |  | 216 |  |  | 645 |  |  | 829 |
Total stock-based compensation cost | $ | 1,709 |  |  | $ | 1,817 |  |  | $ | 7,014 |  |  | $ | 8,001 |

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

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration