v3.25.4
Consolidated Statements of Changes in Equity (Deficit) - USD ($)
$ in Thousands
Total
Class A
Class B
Class C
Class D
Common Stock
Class A
Common Stock
Class B
Common Stock
Class C
Common Stock
Class D
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non- controlling Interest
Beginning balance (in shares) at Dec. 31, 2022           61,148,890 1,439,251 47,377,587 130,083,755        
Beginning balance at Dec. 31, 2022 $ 338,386         $ 61 $ 1 $ 47 $ 130 $ 455,320 $ 609 $ (186,647) $ 68,865
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Exercise of options to purchase common stock (in shares)           3,016,765              
Exercise of options to purchase common stock 4,738         $ 3       3,910     825
Restricted stock units released (in shares)           1,966,153              
Restricted stock units released 2         $ 2              
Shares withheld for tax obligations (in shares)           (2,014,074)              
Shares withheld for tax obligations (20,784)         $ (2)       (17,157)     (3,625)
ESPP shares issued (in shares)           337,182              
ESPP shares issued 4,588                 3,788     800
Equity-based compensation 104,957                 86,647     18,310
Foreign currency translation adjustment 2,744                   2,265   479
Unrealized gain on available-for-sale investments 42                        
Net income (loss) (23,083)                     (21,627) (1,456)
Accrued tax distributions payable to Continuing Equity Owners (1,933)                       (1,933)
Effect of LLC ownership changes / share exchanges (in shares)           63,149,269 (1,328,060) (14,693,431) (47,127,778)        
Effect of LLC ownership changes / share exchanges 0         $ 63 $ (1) $ (15) $ (47)     26,944 (26,944)
Ending balance (in shares) at Dec. 31, 2023           127,604,185 111,191 32,684,156 82,955,977        
Ending balance at Dec. 31, 2023 409,657         $ 128 $ 0 $ 33 $ 83 532,507 2,909 (181,331) 55,328
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Exercise of options to purchase common stock (in shares)           3,139,347              
Exercise of options to purchase common stock 248         $ 3       219     26
Restricted stock units released (in shares)           4,394,452              
Restricted stock units released 4         $ 4              
Shares withheld for tax obligations (in shares)           (3,537,216)              
Shares withheld for tax obligations (55,301)         $ (3)       (49,275)     (6,023)
ESPP shares issued (in shares)           291,266              
ESPP shares issued 4,693                 4,182     511
Equity-based compensation 103,663                 92,371     11,292
Foreign currency translation adjustment (4,619)                   (4,116)   (503)
Unrealized gain on available-for-sale investments 105                   94   11
Net income (loss) 427,585                     424,378 3,207
Accrued tax distributions payable to Continuing Equity Owners (974)                       (974)
Effect of LLC ownership changes / share exchanges (in shares)           80,965,546 (111,191) (20,142,046) (60,712,309)        
Effect of LLC ownership changes / share exchanges 145,170         $ 81   $ (20) $ (61) 145,170   40,899 (40,899)
Ending balance (in shares) at Dec. 31, 2024   212,857,580 0 12,542,110 22,243,668 212,857,580 0 12,542,110 22,243,668        
Ending balance at Dec. 31, 2024 1,030,231         $ 213 $ 0 $ 13 $ 22 725,174 (1,113) 283,946 21,976
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Issuance of common stock (in shares)           39,758,823              
Issuance of common stock 880,089         $ 40       880,049      
Repurchase of common stock (in shares)   (966,603)       (966,603)              
Repurchase of common stock (18,054) $ (18,100)       $ (1)       (18,053)      
Exercise of options to purchase common stock (in shares)           1,955,194              
Exercise of options to purchase common stock 168         $ 2       161     5
Restricted stock units released (in shares)           6,479,261              
Restricted stock units released 6         $ 6              
Shares withheld for tax obligations (in shares)           (1,771,573)              
Shares withheld for tax obligations (33,749)         $ (2)       (32,756)     (991)
ESPP shares issued (in shares)           345,942              
ESPP shares issued 6,636                 6,441     195
Equity-based compensation 128,430                 124,666     3,764
Acquisition related stock units issued 14,680                 14,249     431
Foreign currency translation adjustment 8,598                   8,346   252
Unrealized gain on available-for-sale investments (148)                   (144)   (4)
Net income (loss) (40,254)                     (38,807) (1,447)
Accrued tax distributions payable to Continuing Equity Owners 3                       3
Effect of LLC ownership changes / share exchanges (in shares)           32,768,024 2,017,754 (12,542,110) (22,243,668)        
Effect of LLC ownership changes / share exchanges 54,456         $ 33 $ 2 $ (13) $ (22) 54,456   14,824 (14,824)
Ending balance (in shares) at Dec. 31, 2025   291,426,648 2,017,754 0 0 291,426,648 2,017,754 0 0        
Ending balance at Dec. 31, 2025 $ 2,031,092         $ 291 $ 2 $ 0 $ 0 $ 1,754,387 $ 7,089 $ 259,963 $ 9,360