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v3.25.3

Condensed Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Revenue | [1] | $ 725,106 | $ 265,748 | $ 1,793,641 | $ 1,023,433
Cost of revenue | [2] | 352,827 | 143,519 | 868,138 | 509,899
Selling, general and administrative expenses | [3] | 205,571 | 125,443 | 563,799 | 339,310
Other, net | [4] | 5,364 | 277 | 7,022 | (356)
Related Party |  |  |  |  |
Revenue |  | 257,000 | 124,700 | 691,300 | 547,800
Cost of revenue |  | 800 | 0 | 800 | 0
Selling, general and administrative expenses |  | 2,400 | 500 | 3,200 | 1,600
Other, net |  | $ 6,600 | $ 0 | $ 6,600 | $ 0
[1] | In cludes $257.0 million and $691.3 million for the three and nine months ended September 30, 2025, respectively, and $124.7 million and $547.8 million for the three and nine months ended September 30, 2024, respectively, in each case from a related party.
[2] | Includes $0.8 million from a related party for the three and nine months ended September 30, 2025 and no amounts from a related party for the three and nine months ended September 30, 2024.
[3] | Includes $2.4 million and $3.2 million for the three and nine months ended September 30, 2025, respectively, and $0.5 million and $1.6 million for the three and nine months ended September 30, 2024, respectively, in each case from a related party.
[4] | Includes $6.6 million from a related party for the three and nine months ended September 30, 2025 and no amounts from a related party for the three and nine months ended September 30, 2024.

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