Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue $ 29,590 $ 26,203 $ 57,821 $ 50,990
Costs and Expenses        
Cost of revenues (exclusive of items shown separately below) 5,773 5,337 11,002 10,191
Compensation and benefits 14,138 8,108 27,263 16,120
Selling, general, and administrative 4,546 1,204 11,018 3,120
Property and technology 1,984 1,420 3,912 2,628
Depreciation and amortization 9,694 801 32,141 1,610
Provision for losses 4,042 436 4,680 1,172
Management fees to affiliate 0 100 0 200
Costs and expenses 40,177 17,406 90,016 35,041
Operating income (loss) (10,587) 8,797 (32,195) 15,949
Other Income (Expense), Net        
Interest income 87 112 171 253
Interest expense (296) (317) (556) (572)
Change in fair value of warrant liabilities 13,610 (1,451) 8,726 (4,065)
Change in fair value of contract derivatives, net 320 69 93 (787)
Realized gains on contract derivatives, net 2,055 719 3,964 2,986
Other realized losses, net (176) 0 (373) 0
Other income (expense) (1,004) 209 (828) 621
Business combination expenses 0 (2,895) 0 (6,482)
Other income (expense), net 14,596 (3,554) 11,197 (8,046)
Net Income (Loss) Before Income Taxes 4,009 5,243 (20,998) 7,903
Income tax benefit (expense) 1,650 0 4,051 0
Net Income (Loss) 5,659 5,243 (16,947) 7,903
Noncontrolling interests in (income) loss of consolidated subsidiaries (1,543) 0 7,089 0
Net Income (Loss) Attributable to Class A Shareholders $ 4,116 $ 5,243 $ (9,858) $ 7,903
Net income (loss) per Class A share        
Basic (in dollars per share) $ 0.05   $ (0.11)  
Diluted (in dollars per share) $ 0.05   $ (0.11)  
Weighted average number of Class A shares outstanding        
Basic (in shares) 84,635,413   84,717,117  
Diluted (in shares) 84,668,201   131,433,095