XML 95 R79.htm IDEA: XBRL DOCUMENT v3.26.1
Segments - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Feb. 07, 2026
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]      
Gross revenue   $ 1,121.0 $ 848.0
General and administrative expenses:      
Revaluation of contingent liabilities   0.0 (3.0)
Depreciation and amortization expense [1]   (94.0) (56.0)
Professional expenses   (21.0) (19.0)
Advertising and marketing expenses   (11.0) (7.0)
Interest income   5.0 13.0
Other expense, net   (2.0) (1.0)
Change in TRA liability $ (120.0) 0.0 3.0
Interest expense   (65.0) (29.0)
Income tax benefit   24.0 9.0
Net income   12.0 20.0
Depreciation and amortization expenses of equipment   22.0 16.0
Reportable Segment      
Segment Reporting Information [Line Items]      
Network fees   (572.0) (479.0)
Other costs of sales (exclusive of depreciation of equipment under lease)   (157.0) (112.0)
General and administrative expenses:      
Employee and other general and administrative expenses   (186.0) (119.0)
Equity-based compensation expense   (17.0) (27.0)
Rent, office, occupancy and equipment expenses   (13.0) (7.0)
Revaluation of contingent liabilities   0.0 3.0
Depreciation and amortization expense   (94.0) (56.0)
Professional expenses   (21.0) (19.0)
Advertising and marketing expenses   (11.0) (7.0)
Interest income   5.0 13.0
Other expense, net   (2.0) (1.0)
Change in TRA liability   0.0 3.0
Interest expense   (65.0) (29.0)
Income tax benefit   24.0 9.0
Net income   12.0 20.0
Payments-based revenue      
Segment Reporting Information [Line Items]      
Gross revenue   917.0 756.0
Payments-based revenue | Reportable Segment      
Segment Reporting Information [Line Items]      
Gross revenue   917.0 756.0
TFS revenue      
Segment Reporting Information [Line Items]      
Gross revenue   102.0 0.0
TFS revenue | Reportable Segment      
Segment Reporting Information [Line Items]      
Gross revenue   102.0 0.0
Subscription and other revenue      
Segment Reporting Information [Line Items]      
Gross revenue   102.0 92.0
Subscription and other revenue | Reportable Segment      
Segment Reporting Information [Line Items]      
Gross revenue   $ 102.0 $ 92.0
[1] Depreciation and amortization expense includes depreciation of equipment under lease of $22 million and $16 million for the three months ended March 31, 2026 and 2025, respectively.