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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 142,028 $ 151,856
Restricted cash 23,977 26,134
Accounts receivable, net [1] 314,158 309,861
Prepaid expenses and other current assets 21,847 18,521
Total current assets 502,010 506,372
Restricted cash 2,739 2,706
Investments and equity method investees 8,955 8,966
Property and equipment, net 81,181 80,785
Right-of-use assets - operating 3,866 4,373
Prepaid expenses and other noncurrent assets 2,250 3,078
Contract cost assets 13,731 13,537
Intangible assets, net 569,682 584,937
Goodwill 694,433 694,482
Total assets 1,878,847 1,899,236
Current liabilities:    
Accounts payable [1] 63,007 59,776
Accrued liabilities 45,063 65,755
Operating lease liability - current 8,779 15,343
Accrued compensation and employee benefits 31,007 50,987
Deferred revenue 1,417 1,203
Reserve for claims and performance - based arrangements 231,962 192,196
Total current liabilities 381,235 385,260
Long-term debt, net 973,486 970,537
Other long-term liabilities 8,091 8,012
Tax receivables agreement liability 108,909 108,909
Operating lease liabilities - noncurrent 3,160 3,818
Deferred tax liabilities, net 7,573 7,506
Total liabilities 1,482,454 1,484,042
Shareholders' Equity    
Class A common stock - $0.01 par value; 750,000,000 shares authorized; 118,449,473 and 117,603,806 shares issued, respectively 1,185 1,176
Additional paid-in-capital 1,802,222 1,793,398
Accumulated other comprehensive loss (3,626) (2,624)
Retained earnings (accumulated deficit) (1,341,959) (1,315,327)
Treasury stock, at cost; 5,971,712 and 5,971,712 shares issued, respectively (61,429) (61,429)
Total shareholders’ equity 396,393 415,194
Total liabilities and shareholders’ equity $ 1,878,847 $ 1,899,236
[1] See Note 17 for amounts attributable to unconsolidated related parties included in these line items.