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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation
A summary of the Company’s stock-based compensation, by category, is as follows:

For the Year Ended December 31,
(in thousands)202420232022
Performance-based stock awards$47,301 $— $— 
Service-based stock awards110,341 32,644 24,595 
Total stock-based compensation$157,642 $32,644 $24,595 
Schedule of Service-Based RSU Activity
A summary of the Company’s service-based RSU activity for the year ended December 31, 2024, is as follows:

Number of RSUsWeighted Average Grant Date Fair Value
Nonvested at December 31, 2023
5,765,529 $9.40 
Granted7,793,855 18.29 
Forfeited(728,632)14.46 
Vested(4,841,985)12.99 
Nonvested at December 31, 2024
7,988,767 $15.44 
Schedule of Performance-Based RSU Activity
A summary of the Company’s PSU activity for the year ended December 31, 2024, is as follows:

Number of PSUs
Weighted Average Grant Date Fair Value
Nonvested at December 31, 2023
— $— 
Granted3,016,773 49.05 
Forfeited(2,696)14.12 
Vested(753,465)49.05 
Nonvested at December 31, 2024 (1)
2,260,612 $49.05 

(1) The actual performance resulted in a payout of 200% of the target level.