v3.26.1
Consolidated Statements of Stockholders’ Deficit - USD ($)
$ in Thousands
Total
Restricted stock units
PRSUs
Common Stock
Class A common stock
Common Stock
Class A common stock
Restricted stock units
Common Stock
Class A common stock
PRSUs
Common Stock
Class B common stock
Additional Paid-In- Capital
Additional Paid-In- Capital
Restricted stock units
Additional Paid-In- Capital
PRSUs
Accumulated deficit
Non- Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024       55,456,104     11,574,029          
Beginning balance at Dec. 31, 2024 $ (46,232)     $ 555     $ 116 $ 507,640     $ (505,933) $ (48,610)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of restricted stock units (in shares)         299,544 139,998            
Vesting of restricted stock units   $ 0 $ 1,649   $ 3 $ 1     $ (3) $ 1,648    
Equity-based compensation 6,707             6,707        
Shares withheld for taxes on vesting of restricted stock units (867)             (867)        
Distributions to non-controlling interests (107)                     (107)
Net income (loss) (2,334)                   (1,948) (386)
Ending balance (in shares) at Mar. 31, 2025       55,895,646     11,574,029          
Ending balance at Mar. 31, 2025 (41,184)     $ 559     $ 116 515,125     (507,881) (49,103)
Beginning balance (in shares) at Dec. 31, 2024       55,456,104     11,574,029          
Beginning balance at Dec. 31, 2024 (46,232)     $ 555     $ 116 507,640     (505,933) (48,610)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (24,867)                      
Ending balance (in shares) at Jun. 30, 2025       56,370,303     11,574,029          
Ending balance at Jun. 30, 2025 (56,957)     $ 564     $ 116 522,169     (526,623) (53,183)
Beginning balance (in shares) at Mar. 31, 2025       55,895,646     11,574,029          
Beginning balance at Mar. 31, 2025 (41,184)     $ 559     $ 116 515,125     (507,881) (49,103)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of restricted stock units (in shares)       474,657                
Vesting of restricted stock units 0     $ 5       (5)        
Equity-based compensation 8,112             8,112        
Shares withheld for taxes on vesting of restricted stock units (1,063)             (1,063)        
Contributions from QLH’s members 391                     391
Distributions to non-controlling interests (680)                     (680)
Net income (loss) (22,533)                   (18,742) (3,791)
Ending balance (in shares) at Jun. 30, 2025       56,370,303     11,574,029          
Ending balance at Jun. 30, 2025 (56,957)     $ 564     $ 116 522,169     (526,623) (53,183)
Beginning balance (in shares) at Dec. 31, 2025       56,207,408     8,288,267          
Beginning balance at Dec. 31, 2025 (29,194)     $ 562     $ 83 483,825     (480,310) (33,354)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of restricted stock units (in shares)       432,063                
Vesting of restricted stock units 0     $ 4       (4)        
Equity-based compensation 7,259             7,259        
Shares withheld for taxes on vesting of restricted stock units (681)             (681)        
Contributions from QLH’s members 274                     274
Distributions to non-controlling interests (508)                     (508)
Repurchases of Class A common stock (in shares)       (2,056,010)                
Repurchases of Class A common stock (20,288)     $ (20)       (20,268)        
Net income (loss) 14,046                   11,467 2,579
Ending balance (in shares) at Mar. 31, 2026       54,583,461     8,288,267          
Ending balance at Mar. 31, 2026 (29,092)     $ 546     $ 83 470,131     (468,843) (31,009)
Beginning balance (in shares) at Dec. 31, 2025       56,207,408     8,288,267          
Beginning balance at Dec. 31, 2025 $ (29,194)     $ 562     $ 83 483,825     (480,310) (33,354)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Repurchases of Class A common stock (in shares) (4,256,222)                      
Net income (loss) $ 55,829                      
Ending balance (in shares) at Jun. 30, 2026       52,986,314     8,288,267          
Ending balance at Jun. 30, 2026 (4,948)     $ 530     $ 83 457,204     (429,405) (33,360)
Beginning balance (in shares) at Mar. 31, 2026       54,583,461     8,288,267          
Beginning balance at Mar. 31, 2026 (29,092)     $ 546     $ 83 470,131     (468,843) (31,009)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Vesting of restricted stock units (in shares)       603,065                
Vesting of restricted stock units 0     $ 6       (6)        
Equity-based compensation 8,472             8,472        
Shares withheld for taxes on vesting of restricted stock units (947)             (947)        
Contributions from QLH’s members 477                     477
Distributions to non-controlling interests $ (5,173)                     (5,173)
Repurchases of Class A common stock (in shares) (2,200,212)     (2,200,212)                
Repurchases of Class A common stock $ (20,468)     $ (22)       (20,446)        
Net income (loss) 41,783                   39,438 2,345
Ending balance (in shares) at Jun. 30, 2026       52,986,314     8,288,267          
Ending balance at Jun. 30, 2026 $ (4,948)     $ 530     $ 83 $ 457,204     $ (429,405) $ (33,360)