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v3.25.2

Equity-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands | 6 Months Ended |
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Jun. 30, 2025 USD ($) director $ / shares shares | Jun. 30, 2024 USD ($) $ / shares shares | Dec. 31, 2024 USD ($) $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Non-linear transfer restrictions, period following initial public offering (at least) | 5 years |  |
Award vesting rights | The Staking Options vest over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10. |  |
Dividends accrued | $ | $ 1,662 | $ 3,307 |
Accounts Payable and Accrued Liabilities |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Dividends accrued | $ | 1,300 |  | $ 900
Declared distributions | $ | 100 |  | 100
Other Non-Current Liabilities |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Dividends accrued | $ | 3,900 |  | 2,900
Declared distributions | $ | $ 600 |  | $ 400
IPO RSUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Granted (in shares) | 0 |  |
Granted (in dollars per share) | $ / shares | $ 0 |  |
Incentive RSUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | Incentive RSUs vest either 100% 3 or 5 years from the grant date, pro rata over 3 or 5 years from the grant date, over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5, or |  |
Award vesting rights, percentage | 100.00% |  |
Granted (in shares) | 476,309 |  |
Granted (in dollars per share) | $ / shares | $ 69.35 |  |
Incentive RLUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Award vesting rights, percentage | 100.00% |  |
Pro Rata | Incentive RSUs | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted LLC Units |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Award vesting rights | RLUs to certain employees that vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10. |  |
Conversion ratio | 1 |  |
Restricted LLC Units | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 10.00% |  |
Restricted LLC Units | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Award vesting rights, percentage | 30.00% |  |
Restricted LLC Units | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted LLC Units | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 9 years |  |
Restricted LLC Units | Incentive RLUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | Incentive RLUs vest either 100% 3 years from the grant date, pro rata over 3 or 5 years from the grant date, or over 7 years from the grant date, with 20% vesting in each of years 3 through 7. |  |
Restricted LLC Units | Incentive RLUs | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 20.00% |  |
Restricted LLC Units | Incentive RLUs | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted LLC Units | Incentive RLUs | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Restricted LLC Units | Pro Rata | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted LLC Units | Pro Rata | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Restricted LLC Units | Pro Rata | Incentive RLUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Restricted LLC Units | Pro Rata | Incentive RLUs | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted LLC Units | Pro Rata | Incentive RLUs | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted Stock and Restricted Common Units | Pro Rata |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted Stock Unit |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Conversion ratio | 1 |  |
Non compensation for service on board (in directors) | director | 1 |  |
Restricted Stock Unit | Director |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Granted (in shares) | 23,230 | 22,935 |
Granted (in dollars per share) | $ / shares | $ 69.94 | $ 49.07 |
Restricted Stock Unit | IPO RSUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | RSUs vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10 |  |
Restricted Stock Unit | IPO RSUs | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 10.00% |  |
Restricted Stock Unit | IPO RSUs | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Award vesting rights, percentage | 30.00% |  |
Restricted Stock Unit | IPO RSUs | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted Stock Unit | IPO RSUs | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 9 years |  |
Restricted Stock Unit | Incentive RSUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 20.00% |  |
Restricted Stock Unit | Incentive RSUs | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 4 years |  |
Restricted Stock Unit | Incentive RSUs | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Restricted Stock Unit | Incentive RSUs | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted Stock Unit | Incentive RSUs | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted Stock Unit | Incentive RSUs | Minimum | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Restricted Stock Unit | Incentive RSUs | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted Stock Unit | Incentive RSUs | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted Stock Unit | Incentive RSUs | Maximum | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Restricted Stock Unit | Pro Rata | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Restricted Stock Unit | Pro Rata | IPO RSUs | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Restricted Stock Unit | Pro Rata | Incentive RSUs | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Incentive RSUs | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Incentive RSUs | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Incentive RSUs | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Reload and Staking Options |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Share price (in dollars per share) | $ / shares | $ 23.50 |  |
Conversion ratio | 1 |  |
Reload Options |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | The Reload Options either vested 100% 3 years from the grant date or vest over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5 |  |
Options exercisable (in shares) | 1,434,605 |  |
Reload Options | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 100.00% |  |
Reload Options | Option Two, Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Reload Options | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 4 years |  |
Award vesting rights, percentage | 33.00% |  |
Reload Options | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Reload Options | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Reload Options | Minimum | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Reload Options | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Reload Options | Maximum | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Staking Options |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Options exercisable (in shares) | 6,666 |  |
Staking Options | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 10.00% |  |
Staking Options | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Award vesting rights, percentage | 30.00% |  |
Staking Options | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Staking Options | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 9 years |  |
Staking Options | Pro Rata |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Incentive Options |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 4 years |  |
Options exercisable (in shares) | 57,497 |  |
Conversion ratio | 1 |  |
Incentive Options | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Incentive Options | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Incentive Options | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Incentive Options | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Incentive Options | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Incentive Options | Pro Rata |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Incentive Options | Pro Rata | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Reload Class C Incentive Units |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | The Reload Class C Incentive Units either vested 100% 3 years from the grant date or vest over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5. |  |
Reload Class C Incentive Units | Class A Common Stock |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Conversion ratio | 1 |  |
Reload Class C Incentive Units | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 100.00% |  |
Reload Class C Incentive Units | Option Two, Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Reload Class C Incentive Units | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 4 years |  |
Award vesting rights, percentage | 33.00% |  |
Reload Class C Incentive Units | Tranche 3 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 33.00% |  |
Reload Class C Incentive Units | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Reload Class C Incentive Units | Minimum | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Reload Class C Incentive Units | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Reload Class C Incentive Units | Maximum | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Staking Class C Incentive Units |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights | The Staking Class C Incentive Units vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10. |  |
Granted (in shares) | 0 |  |
Staking Class C Incentive Units | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 10.00% |  |
Staking Class C Incentive Units | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Award vesting rights, percentage | 30.00% |  |
Staking Class C Incentive Units | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Staking Class C Incentive Units | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 9 years |  |
Staking Class C Incentive Units | Pro Rata | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
Staking Class C Incentive Units | Pro Rata | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 10 years |  |
Class C Incentive Units |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 20.00% |  |
Granted (in shares) | 0 |  |
Granted (in dollars per share) | $ / shares | $ 0 |  |
Class C Incentive Units | Class A Common Stock |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Conversion ratio | 1 |  |
Class C Incentive Units | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 15.00% |  |
Class C Incentive Units | Tranche 2 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 8 years |  |
Award vesting rights, percentage | 25.00% |  |
Class C Incentive Units | Minimum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 3 years |  |
Class C Incentive Units | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Class C Incentive Units | Maximum | Tranche 1 |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 7 years |  |
Class C Incentive Units | Pro Rata |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 8 years |  |
Reload and Staking Class C Incentive Units |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Weighted average participation threshold (in dollars per share) | $ / shares | $ 23.24 |  | $ 23.34
PSUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
PSUs | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 75.00% |  |
PSUs | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 150.00% |  |
PLUs |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting period | 5 years |  |
PLUs | Minimum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 75.00% |  |
PLUs | Maximum |  |  |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |  |  |
Award vesting rights, percentage | 150.00% |  |

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