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Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 187,965 $ 128,891 $ 111,539
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation and amortization 5,254 2,608 2,372
Amortization of debt issuance costs 6,223 4,253 2,911
Provision for credit losses 2,360 3,497 3,524
Stock-based compensation 17,224 0  
Deferred income tax 21,465 (527) (754)
Changes in assets and liabilities:      
Other assets (1,754) (435) (26,230)
Accounts receivable 4,594 (7,326) 17,861
Accounts payable and accrued expenses 25,482 37,248 8,996
Net cash provided by operating activities 268,813 168,209 120,219
Cash flows from investing activities      
Acquisition, net of cash acquired 0 0 (5,596)
Purchases of property and equipment, net (1,085) (6,211) (1,227)
Net cash used in investing activities (401,943) (542,365) (403,411)
Cash flow from financing activities      
Proceeds from notes payable 1,187,797 1,082,484 654,734
Payments on notes payable (969,295) (650,398) (328,413)
Payment of debt issuance costs (15,348) (7,266) (5,898)
Dividends paid to stockholders (63,455) (36,000) (30,564)
Proceeds from issuance of common stock 10,000 0  
Net cash (used in) / provided by financing activities 149,699 388,820 289,859
Exchange rate effects on cash balances held in foreign currencies (7,261) 2,975 (1,220)
Net (decrease) increase in cash and cash equivalents and restricted cash 9,308 17,639 5,447
Cash and cash equivalents and restricted cash, beginning of period 38,243 20,604 15,157
Cash and cash equivalents and restricted cash, end of period 47,551 38,243 20,604
Supplemental cash flow disclosures      
Interest paid 95,521 58,125 45,111
Income taxes paid 8,434 8,671 9,045
New leases assumed 566 1,808 2,407
Deferred tax liability recognized in connection with reorganization 79,484 0  
Investments in receivables, net      
Cash flows from investing activities      
Purchases of receivables, net (832,077) (723,253) (530,873)
Collections applied to receivables 432,265 188,675 137,400
Credit card receivables      
Cash flows from investing activities      
Purchases of receivables, net (26,703) (30,750) (35,434)
Collections applied to receivables $ 25,657 $ 29,174 $ 32,319