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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 116,650 $ 104,203
Restricted cash 23,689 59,295
Accounts receivable, net [1] 386,564 414,681
Prepaid expenses and other current assets 22,228 28,938
Assets held for sale - current 20,963 0
Total current assets 570,094 607,117
Restricted cash 2,665 14,998
Investments and equity method investees 8,936 8,588
Property and equipment, net 80,086 73,151
Right-of-use assets - operating 4,837 6,134
Prepaid expenses and other noncurrent assets 2,938 3,569
Contract cost assets 11,160 13,378
Intangible assets, net 623,693 680,156
Goodwill 1,075,376 1,137,320
Assets held for sale - noncurrent 73,674 0
Total assets 2,453,459 2,544,411
Current liabilities:    
Accounts payable [1] 72,180 96,025
Accrued liabilities 60,893 66,361
Operating lease liability - current 17,942 26,717
Accrued compensation and employee benefits 55,380 33,719
Deferred revenue 1,871 2,507
Short-term debt, net 5,118 171,467
Reserve for claims and performance - based arrangements 211,652 318,705
Liabilities held for sale - current 4,891 0
Total current liabilities 429,927 715,501
Long-term debt, net 1,054,822 490,520
Other long-term liabilities 3,784 2,984
Tax receivables agreement liability 108,105 108,105
Operating lease liabilities - noncurrent 4,433 24,969
Deferred tax liabilities, net 10,155 10,900
Total liabilities 1,611,226 1,352,979
Commitments and Contingencies (See Note 10)
Mezzanine Equity    
Preferred class A common stock - $0.01 par value; 50,000,000 shares authorized; 0 and 175,000 issued, respectively 0 190,173
Shareholders' Equity    
Class A common stock - $0.01 par value; 750,000,000 shares authorized; 117,564,460 and 116,575,773 shares issued, respectively 1,176 1,166
Additional paid-in-capital 1,791,060 1,803,786
Accumulated other comprehensive loss (2,376) (1,753)
Retained earnings (accumulated deficit) (886,196) (780,817)
Treasury stock, at cost; 5,971,712 and 1,537,582 shares issued, respectively (61,431) (21,123)
Total shareholders’ equity 842,233 1,001,259
Total liabilities, mezzanine equity and shareholders’ equity $ 2,453,459 $ 2,544,411
[1] See Note 18 for amounts attributable to related parties included in these line items.