| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $502.5M+51.6% | $331.5M+3.4% | $320.5M+22.3% | $262.0M+117.9% | $120.2M+75.3% | $68.6M |
| Operating expenses | $299.6M+21.0% | $247.7M-2.4% | $253.7M+21.9% | $208.2M+111.2% | $98.5M+42.0% | $69.4M |
| General and administrative | $16.2M+9.6% | $14.8M+15.3% | $12.8M+17.8% | $10.9M+24.7% | $8.7M+2.5% | $8.5M |
| Acquisition and transaction expenses | $27.1M+397.3% | $5.5M+31.8% | $4.1M-75.4% | $16.8M+13.6% | $14.8M+794.2% | $1.7M |
| Management fees and incentive allocation to affiliate | $14.7M+30.0% | $11.3M-9.2% | $12.5M-3.8% | $13.0M-17.1% | $15.6M+19.6% | $13.1M |
| Depreciation and amortization | $132.5M+66.8% | $79.4M-2.0% | $81.0M+14.5% | $70.7M+31.0% | $54.0M+73.6% | $31.1M |
| Asset impairment | $4.4M-93.9% | $72.3M+9635.7% | $743K | — | — | — |
| Total expenses | $494.6M+14.7% | $431.0M+18.1% | $364.8M+14.2% | $319.6M+66.7% | $191.8M+54.9% | $123.8M |
| Other income (expense) | — | — | — | -$3.2M+64.5% | -$8.9M | — |
| Equity in earnings (losses) of unconsolidated entities | $12.3M+122.2% | -$55.5M-124.6% | -$24.7M+63.3% | -$67.4M-399.3% | -$13.5M-334.5% | -$3.1M |
| Gain on sale of assets, net | $128.8M+5336.4% | $2.4M-65.4% | $6.9M+527.6% | -$1.6M-10118.8% | $16K+300.0% | -$8K |
| Loss on modification or extinguishment of debt | -$59.3M-564.7% | -$8.9M-338.4% | -$2.0M | $0 | $0+100.0% | -$4.7M |
| Interest expense | -$265.9M-117.8% | -$122.1M-22.6% | -$99.6M-87.1% | -$53.2M-232.3% | -$16.0M-48.8% | -$10.8M |
| Other income | $20.8M-0.7% | $20.9M+217.4% | $6.6M+307.8% | -$3.2M+64.5% | -$8.9M-9806.5% | $92K |
| Total other expense | -$163.3M-0.1% | -$163.3M-44.6% | -$112.9M+10.0% | -$125.4M-226.3% | -$38.4M-107.6% | -$18.5M |
| Loss before income taxes | -$155.4M+40.9% | -$262.8M-67.1% | -$157.3M+14.1% | -$183.0M-66.5% | -$110.0M-49.2% | -$73.7M |
| Total provision | -$3.3M-200.2% | $3.3M+34.1% | $2.5M-44.7% | $4.5M+223.1% | -$3.6M-83.0% | -$2.0M |
| Net loss | -$152.1M+42.9% | -$266.1M-66.6% | -$159.8M+14.8% | -$187.5M-76.3% | -$106.3M-48.3% | -$71.7M |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries | -$44.9M-5.8% | -$42.4M-10.4% | -$38.4M-13.2% | -$33.9M-28.2% | -$26.5M-60.2% | -$16.5M |
| Less: Preferred dividends and accretion on redeemable non-controlling interests | $44.6M | $0 | $0 | — | — | — |
| Less: Dividends and accretion of redeemable preferred stock | $55.6M-21.5% | $70.8M+13.5% | $62.4M+163.8% | $23.7M | $0 | $0 |
| Net loss attributable to stockholders, before series B preferred stock dividend and loss on extinguishment of preferred stock | -$207.4M+29.6% | -$294.5M-60.3% | -$183.7M-3.7% | -$177.2M-121.9% | -$79.9M-44.7% | -$55.2M |
| Net loss attributable to common stockholders | -$260.4M+11.6% | -$294.5M-60.3% | -$183.7M | — | — | — |
| Basic (dollar per share) | -$2240.00+17.6% | -$2720.00-52.8% | -$1780.00-2.9% | -$1730.00-116.3% | -$800.00-42.9% | -$560.00 |
| Diluted (dollars per share) | -$2260.00+16.9% | -$2720.00-52.0% | -$1790.00-3.5% | -$1730.00-116.3% | -$800.00-42.9% | -$560.00 |
| Basic (in shares) | 115.21B+6.5% | 108.22B+5.1% | 102.96B+0.2% | 102.75B+3.4% | 99.39B+0.0% | 99.39B |
| Diluted (in shares) | 115.21B+6.5% | 108.22B+5.1% | 102.96B+0.2% | 102.75B+3.4% | 99.39B+0.0% | 99.39B |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.