XML 20 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Redeemable Non-controlling Interest and Stockholders’ Deficit / Members’ Equity (Unaudited) - USD ($)
$ in Thousands
Total
Additional Paid in Capital
Retained Earnings
Class A
Class A
Common Stock
Class B
Class B
Common Stock
INR, Inc. Members' Equity, beginning balance at Dec. 31, 2023 $ 458,456            
INR Holdings Members' Equity              
Contribution 500            
Net loss (14,056)            
INR, Inc. Members' Equity, ending balance at Mar. 31, 2024 444,900            
Increase (Decrease) in Stockholders' Equity              
Contribution 500            
Net loss (14,056)            
INR, Inc. Members' Equity, beginning balance at Dec. 31, 2024 508,242            
INR Holdings Members' Equity              
Net income prior to reorganization transactions 9,914            
Effect of the reorganization transactions (518,156)            
Net loss (128,362)            
INR, Inc. Members' Equity, ending balance at Mar. 31, 2025 0            
Equity, beginning balance (in shares) at Dec. 31, 2024       0   0  
Increase (Decrease) in Stockholders' Equity              
Effect of the reorganization transactions (in shares)             45,638,889
Effect of the reorganization transactions 456           $ 456
Issuance of common stock in connection with initial public offering, net of underwriting discounts, commissions and other offering costs (in shares)         15,237,500    
Issuance of common stock in connection with initial public offering, net of underwriting discounts, commissions and other offering costs 198,356 $ 198,204     $ 152    
Share-based compensation expense subsequent to reorganization transactions 126,895 126,895          
Net loss subsequent to reorganization transactions (34,569)   $ (34,569)        
Adjustment of redeemable non-controlling interest to redemption value (343,375) (325,099) (18,276)        
Net loss (128,362)            
Equity, ending balance (in shares) at Mar. 31, 2025       15,237,500 15,237,500 45,638,889 45,638,889
Equity, ending balance at Mar. 31, 2025 (52,237) $ 0 $ (52,845)   $ 152   $ 456
Redeemable Non-controlling Interest              
Effect of the reorganization transactions 517,700            
Issuance of common stock in connection with initial public offering, net of underwriting discounts, commissions and other offering costs 76,911            
Net loss subsequent to reorganization transactions (103,707)            
Adjustment of redeemable non-controlling interest to redemption value 343,375            
Redeemable Non-controlling Interest, ending balance at Mar. 31, 2025 $ 834,279