v3.25.4

Tax Receivable Agreement Liability (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Tax Receivable Agreement Liability | A reconciliation of the beginning and ending balance of the TRA liability is as follows (in thousands):
| Year Ended December 31,
| 2025 | 2024 |  | 2023
Balance - Beginning of Year | $ | 35 |  | $ | 18,894 |  |  | $ | 12,200 |
Tax receivable agreement expense | — |  | 11,545 |  |  | 14,396 |
TRA bonus expense | — |  | 557 |  |  | 694 |
Tax receivable agreement expense due to TRA Amendment | — |  | 41,636 |  |  | — |
TRA bonus expense due to TRA Amendment | — |  | 2,009 |  |  | — |
Payments | (35) |  | (74,606) |  |  | (8,396) |
Balance - End of Year | $ | — |  | $ | 35 |  |  | $ | 18,894 |
Tax receivable agreement expense | $ | — |  | $ | 53,181 |  |  | $ | 14,396 |
TRA bonus expense in operating expenses | — |  | 2,566 |  |  | 694 |
Total expense | $ | — |  | $ | 55,747 |  |  | $ | 15,090 |

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