XML 75 R64.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jan. 02, 2026
Dec. 31, 2025
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]            
Annual effective tax rate 15.20%   68.00%      
Deferred tax liabilities         $ 142,200  
Valuation allowance on deferred tax assets           $ 210,700
Valuation allowance released     $ 167,100      
Recorded increase in net deferred tax liability     30,000      
Valuation allowance released through income tax benefit     144,500      
Valuation allowance released through decrease in additional paid in capital     7,300      
Deferred tax liability position $ 4,650   4,650     0
Income tax expense/benefit 84 $ 685 $ (144,437) $ 685    
Income tax benefit, percentage of benefit payable to noncontrolling owners     85.00%      
Tax Receivable Agreement liabilities $ 144,570   $ 144,570     0
Increase in Tax Receivable Agreement liability     130,000      
Increase in Tax Receivable Agreement liability due to exchange of LLC Units for Class A common stock     $ 14,600      
Effective Income Tax Rate Reconciliation, Percent (0.20%) (15.40%) 71.40% 3.40%    
Redepmtion Of Class B Common Stock [Member] | Common Class A            
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]            
LLC Units redeemed for shares of Class A common stock     3,644,056      
Baldwin Holdings LLC Members            
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]            
Tax Receivable Agreement liabilities $ 144,600   $ 144,600     $ 4,500