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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Operating lease right-of-use assets (including $20,025 and $23,375 as of December 31, 2025 and 2024, respectively, from related parties) $ 117,139 $ 90,922
Current portion of operating lease liabilities (including $3,920 and $3,654 as of December 31, 2025 and 2024, respectively, from related parties) 21,300 14,402
Long-term debt, net of current portion (including $84,735 and $211,039 as of December 31, 2025 and 2024, respectively, from related parties) 812,398 1,585,846
Operating lease liabilities, net of current portion (including $17,282 and $20,960 as of December 31, 2025 and 2024, respectively, from related parties) $ 103,762 80,669
Preferred stock, par value (in usd per share) $ 0.01  
Preferred stock, shares authorized (in shares) 50,000,000  
Preferred stock, shares issued (in shares) 0  
Preferred stock, shares outstanding (in shares) 0  
Total assets [1] $ 2,679,396 2,352,500
Total liabilities [1] 1,890,601 2,148,908
Variable Interest Entity, Primary Beneficiary    
Total assets 21,810 40,077
Total liabilities $ 9,371 5,919
Common Class A    
Common stock, par value (in dollars per share) $ 0.01  
Common stock, shares authorized (in shares) 1,000,000,000  
Common stock, shares issued (in shares) 63,856,975  
Common stock, shares outstanding (in shares) 63,856,975  
Common Class B    
Common stock, par value (in dollars per share) $ 0.01  
Common stock, shares authorized (in shares) 200,000,000  
Common stock, shares issued (in shares) 41,479,954  
Common stock, shares outstanding (in shares) 41,479,954  
Related Party    
Operating lease right-of-use assets (including $20,025 and $23,375 as of December 31, 2025 and 2024, respectively, from related parties) $ 20,025 23,375
Current portion of operating lease liabilities (including $3,920 and $3,654 as of December 31, 2025 and 2024, respectively, from related parties) 3,920 3,654
Long-term debt, net of current portion (including $84,735 and $211,039 as of December 31, 2025 and 2024, respectively, from related parties) 84,735 211,039
Operating lease liabilities, net of current portion (including $17,282 and $20,960 as of December 31, 2025 and 2024, respectively, from related parties) $ 17,282 $ 20,960
[1] As of December 31, 2025, total assets include $21.8 million and total liabilities include $9.4 million for consolidated variable interest entities. Substantially all of the remaining total assets and total liabilities, excluding the TRA liability and the related deferred tax assets included in Other assets, are attributable to the consolidated Legence Holdings variable interest entity. As of December 31, 2024, total assets include $40.1 million and total liabilities include $5.9 million for consolidated variable interest entities. Assets of the variable interest entities can only be used to settle the liabilities of those entities. Refer to “Note 6—Variable Interest Entities and Equity Method Investments” for additional information.