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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net (loss) income $ (5,052) $ 1,367
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 4,581 3,846
Equity-based compensation 6,953 7,536
Non-cash operating lease cost 4,812 3,821
Loss on debt extinguishment 573 0
Amortization of debt issuance costs 179 218
Deferred tax expense 56 222
Other 223 (118)
Changes in assets and liabilities:    
Inventories (11,063) (585)
Prepaid expenses and other current assets (1,766) 301
Other assets (617) (726)
Accounts payable, accrued expenses and other current liabilities 2,200 (10,582)
Deferred revenue 6,750 1,982
Operating lease liabilities (5,278) (3,778)
Net cash provided by operating activities 2,551 3,504
Investing activities    
Purchases of property and equipment (2,493) (2,730)
Net cash used in investing activities (2,493) (2,730)
Financing activities    
Dividends paid on Class A common stock (3,793) 0
Payments on SVB term loan (56,063) (1,625)
Repurchases of common stock (456) (438)
Payment of debt issuance costs (131) (100)
Distributions and TRA payments to members (27,980) (1,763)
Net cash used in financing activities (88,423) (3,926)
Net decrease in cash, cash equivalents and restricted cash (88,365) (3,152)
Cash, cash equivalents and restricted cash at beginning of period 162,141 156,020
Cash, cash equivalents and restricted cash at end of period 73,776 152,868
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 73,429 152,653
Restricted cash 347 215
Total cash, cash equivalents, and restricted cash 73,776 152,868
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 3,669 6,199
Change in deferred tax assets associated with redemption of LLC Units (1) (188)
TRA Obligation associated with redemption of LLC Units 2 (199)
Purchases of property and equipment included in accounts payable and accrued liabilities 404 877
Change in APIC related to redemption of LLC Units $ 0 $ 11