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Net Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss per Share
The Company's basic and diluted net loss per share calculation for Class A common stock and Class B common stock for the three and nine months ended September 30, 2025 and 2024 is presented below (in thousands, except per share amounts):

Three Months Ended September 30,
20252024
Class A common stock
Class B common stock
Class A common stock
Class B common stock
Numerator:
Net loss attributable to common stockholders $(47,101)$(112,413)$(5,887)$(84,293)
Denominator:
Weighted average common stock outstanding, basic and diluted(1)(2)
7,066 16,865 321 4,599 
Net loss per share attributable to common stockholders:
Basic and diluted$(6.67)$(6.67)$(18.33)$(18.33)
Nine Months Ended September 30,
20252024
Class A common stock
Class B common stock
Class A common stock
Class B common stock
Numerator:
Net loss attributable to common stockholders$(101,233)$(340,757)$(8,520)$(123,032)
Denominator:
Weighted average common stock outstanding, basic and diluted(1)(2)
2,594 8,733 318 4,599 
Net loss per share attributable to common stockholders:
Basic and diluted$(39.02)$(39.02)$(26.75)$(26.75)
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(1) Prior to the IPO, the Common Units outstanding excludes 25,301,447 Common Units and 9,417,936 Catch Up Common Units that were issued and outstanding as profits interest units as of September 30, 2024. Vested Incentive Units and Convertible Preferred Units are considered as participating securities. However, these participating securities do not contractually require the holders to fund loss and were excluded from basic net loss per unit calculation for the three and nine months ended September 30, 2024. Upon the consummation of the IPO, these units were fully converted into Class A common stock and Class B common stock and no longer outstanding.
(2) Prior to the IPO, weighted average common units outstanding includes only Capital Common Units A and certain Basic Common Units granted directly to individuals. The rights, including the liquidation and dividend rights, of the holders of these certain Basic Common Units and Capital Common Units A are identical and as a result, the undistributed earnings loss are allocated on a proportionate basis and the resulting loss per share is the same. Upon the IPO, these units were fully reclassified into Class A common stock and Class B common stock and no longer outstanding. The effect of this reclassification is retroactively applied in the periods prior to the IPO.
Schedule of Potentially Dilutive Units Not Included in Calculation of Diluted Shares Outstanding
The following potentially dilutive units were not included in the calculation of diluted shares outstanding as the effect would have been antidilutive (in thousands):

Nine Months Ended September 30,
20252024
Convertible Preferred Units— 39,842 
Unvested RSAs
4,200 — 
Unvested RSUs
3,887 — 
Outstanding stock options
6,848 — 
Total14,935 39,842