v3.25.4

Equity-based Compensation - Recognized and Unrecognized Equity-Based Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | $ 69,451 | $ 78,995 | $ 69,743
IPO RSUs and Staking Options | IPO awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 8,041 | 11,522 | 15,760
IPO RLUs and Staking Class C Incentive Units | IPO awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 9,849 | 9,284 | 11,424
Incremental Restricted Stock and Reload Options | IPO awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 1,100 | 2,820 | 4,332
Incremental Restricted Common Units and Reload Class C Incentive Units | IPO awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 798 | 3,328 | 7,119
Restricted Stock | Pre-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 440 | 1,473 | 2,387
Restricted Common Units | Pre-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 137 | 5,170 | 1,454
Incentive RSUs | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 33,092 | 29,769 | 19,245
Incentive RLUs | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 7,644 | 7,728 | 4,567
Incentive Options | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 2,058 | 974 | 466
Class C Incentive Units | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 1,854 | 2,072 | 1,906
PSUs | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | 4,542 | 1,407 | 0
PLUs | Post-IPO incentive awards |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | (2,058) | 2,058 | 0
Director Stock Grants | Other expense |  |  |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |  |  |
Recognized | $ 1,954 | $ 1,390 | $ 1,083

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