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Equity-based compensation
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Equity-based compensation Equity-based compensation
Equity-based compensation cost recognized for equity-based awards outstanding during the three and nine months ended September 30, 2024 and 2023 was as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2024202320242023
QLH restricted Class B-1 units$$14 $16 $73 
Restricted Class A shares66 130 272 464 
Restricted stock units7,985 14,310 25,230 43,406 
Performance-based restricted stock units543 — 934 — 
Total equity-based compensation$8,597 $14,454 $26,452 $43,943 
Equity-based compensation cost was included in the following expense categories in the consolidated statements of operations during the three and nine months ended September 30, 2024 and 2023:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2024202320242023
Cost of revenue$405 $1,012 $2,654 $2,959 
Sales and marketing1,933 2,151 5,676 6,895 
Product development1,733 1,905 5,001 6,176 
General and administrative4,526 9,386 13,121 27,913 
Total equity-based compensation$8,597 $14,454 $26,452 $43,943 
As of September 30, 2024, total unrecognized compensation cost related to unvested restricted stock units and PRSUs was $57.3 million and $0.8 million, respectively, which are expected to be recognized over weighted-average periods of 2.53 years and 0.45 years, respectively.