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Equity-based compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Equity-Based Compensation Expense

A summary of equity-based compensation expense during the years ended December 31, 2025, 2024, and 2023 is as follows (in thousands):

			Year Ended December 31,
			2025						2024						2023
Stock options			$	23,375					$	27,971					$	23,989
Equity-based compensation expense			$	23,375					$	27,971					$	23,989

Schedule of Stock Option Valuation Assumptions

A summary of the weighted average assumptions used for valuing stock options granted in the periods 2025, 2024, and 2023 are as follows:

			Year Ended December 31,
			2025						2024						2023
Expected volatility			55		%				55%						60% - 65%
Expected dividend yield			—		%				—		%				—		%
Expected term (in years)			2.69 - 4.75						2.75 - 4.75						2.75 - 4.75
Risk-free interest rate			3.44% - 4.27%						3.46%- 4.58%						3.44% - 4.06%

Schedule of Stock Option Activity

A summary of stock option activity for the year ended December 31, 2025 is as follows (in thousands except per-share amounts):

			Stock Options						Weighted-average Exercise Price						Aggregate Intrinsic Value						Weighted-average Remaining Contractual Life (Years)
Outstanding as of December 31, 2024			3,263						$	68.50
Granted			637						106.42
Exercised			(309)						43.75
Forfeited			(56)						68.02
Expired			(100)						125.79
Outstanding as of December 31, 2025			3,436						$	76.11					$	51,810					6.88
Options vested and exercisable as of December 31, 2025			2,091						$	71.09					$	42,923					5.90
Options unvested as of December 31, 2025			1,344						$	83.93					$	8,887					8.40

A summary of stock option activity for the years ended December 31, 2025, 2024 and 2023 is as follows (in thousands except per-share amounts):

			Year Ended December 31,
			2025						2024						2023
Weighted-average grant-date fair value of options granted			$	46.36					$	32.41					$	19.08
Total intrinsic value of options exercised			$	21,435					$	27,106					$	16,424
Total fair value of shares vested during the year			$	28,555					$	24,645					$	23,269

A summary of unvested stock option activity for the years ended December 31, 2025, 2024 and 2023 is as follows (in thousands except per-share amounts):

			Stock Options						Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024			1,657						$	30.10
Vested			(894)						31.94
Granted			637						46.36
Forfeited			(56)						31.86
Unvested as of December 31, 2025			1,344						$	36.51

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-Subparagraph (h)(1)
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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