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Condensed Consolidated Statement 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 (loss) $ (155,070) $ (174,305) $ (311,215)
Net income (loss) from discontinued operations, net of income tax (31,353) (72,057) (269,546)
Net income (loss) from continuing operations (123,717) (102,248) (41,669)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities from continuing operations:      
Depreciation and amortization 18,446 14,427 10,397
Amortization of debt discounts and deferred financing costs 0 6,184 927
Unrealized (gain) loss on investments 5,162 13,057 (4,161)
Realized (gain) loss on investments (20) (11,128) 0
Impairment loss on goodwill and intangible assets 35,000 74,267 0
Fair value (gain) loss on TRA (5,372) (3,855) 233
Realized gain (loss) on earn-out payment (2,350) 0  
(Income) loss on equity method investments 4 198 228
Fair value (gain) loss on warrant liability 0 0 12,866
Fair value (gain) loss on earnout liability (3,280) (30,727) (31,104)
Fair value gain (loss) on preferred stock tranche liability (1,530) (600) 0
Deferred income tax (benefit) expense 16,698 (22,951) (2,224)
Equity-settled share-based payments 30,327 17,469 19,210
Unrealized foreign currency (gains)/losses 0 14 587
(Gain) loss from retirement of debt 0 0 (73)
Fair value of interest rate swap 0 0 33
Cash flows due to changes in operating assets and liabilities      
(Increase) decrease in fees receivable (32,183) 38,845 (34,071)
(Increase) decrease in other assets (5,890) (10,535) (147,384)
Operating cash flow from operating leases 2,381 6,502 7,209
Increase (decrease) in accounts payable and accrued expenses (635) (5,695) 7,125
Increase (decrease) in accrued compensation and profit sharing 21,013 (15,753) 40,278
Increase (decrease) in other liabilities (5,714) 16,344 13,761
Other operating activities 0 (215) 871
Net cash provided by (used in) operating activities from continuing operations (51,437) (16,188) (146,700)
Cash Flows from Investing Activities      
Cash payment for acquisition of TWMH and TIG historical equity 0 0 (99,999)
Receipt of payments of notes receivable from members 0 66 226
Purchases of investments (10,447) (20,380) (15,695)
Cash payment for delayed share purchase agreement 0 (1,818) 0
Payment of payout right 0 0 (760)
Acquisition of AWMS, net of cash acquired 0 0 (4,383)
Acquisition of ALWP, net of cash acquired 0 0 (14,430)
Acquisition of Kontora, net of cash acquired (6,556) 0 0
Acquisition of EEA, net of cash acquired 0 (69,182) 0
Acquisition of PW, net of cash acquired 0 (1,467) 0
Acquisition of Envoi 0 (25,258) 0
Sales of investments 188 798 1,725
Proceeds from sale of FOS 0 16,683 0
Proceeds from Pointwise warehousing transaction 31,313 0 0
Loss on disposal of intangible assets (9) 0 0
Sale of fixed assets 0 144 8
Purchases of fixed assets (806) (7,560) (334)
Net cash provided by (used in) investing activities from continuing operations 13,683 (107,974) (133,642)
Cash Flows from Financing Activities      
Proceeds from issuance of preferred stock and Constellation Warrants 18,471 300,800 0
Proceeds from issuance of common stock 0 94,660 0
Proceeds from issuance of preferred stock tranche right liability 0 4,540 0
Member contribution (distribution) 0 (6,760) (8,492)
Payments on term notes and lines of credit (289) (221,008) (97,810)
Borrowings on term notes and lines of credit 415 32,258 223,500
Cash payment for earnout (6,280) (8,449) 0
Payments of debt issuance costs 0 (1,519) (2,586)
Taxes paid on net settled share-based compensation awards 0 (4,037) 0
Tax payments on behalf of Umbrella partners 0 (424) 0
Increase (decrease) in distributions due to former TIG members 0 0 (14,199)
Repurchase of common stock 0 0 (4,215)
Cash receipts from exercise of Warrants 0 0 5,836
Payment of preferred stock tranche right liability issuance costs 0 (203) 0
Cash payment of earn-in liability (315) (754) 0
Dividends paid to former owners of AWMS and ALWP 0 (11) (3,372)
Net cash provided by (used in) financing activities from continuing operations 12,002 174,313 98,662
Cash Flows from Discontinued Operations:      
Net cash provided by (used in) operating activities from discontinued operations 426 (34,464) 64,995
Net cash provided by (used in) investing activities from discontinued operations (1,589) 32,289 694
Net cash provided by (used in) financing activities from discontinued operations 0 (54) (62,643)
Net cash provided by discontinued operations (1,163) (2,229) 3,046
Net increase (decrease) in cash and cash equivalents, including discontinued operations (26,915) 47,922 (178,634)
Effect of exchange rate changes on cash and cash equivalents, including discontinued operations 2,579 (673) 2,793
Cash and cash equivalents, including discontinued operations, at beginning of the period 65,494 18,245 194,086
Cash and cash equivalents, including discontinued operations, at end of the period 41,158 65,494 18,245
Less: Cash and cash equivalents of discontinued operations, at end of the period 0 1,077 1,731
Cash and cash equivalents 41,158 64,417 16,514
Cash and cash equivalents 41,158 64,417 15,348
Reconciliation of balance sheet cash and cash equivalents to cash flows:      
Cash and cash equivalents on balance sheet 41,158 64,417 15,348
Cash and cash equivalents included in Assets held for sale 0 0 2,897
Cash and cash equivalents, including cash in Assets held for sale 41,158 64,417 18,245
Supplemental Disclosure of Cash Flow Information      
Income taxes 2,324 1,474 848
Interest payments on term notes and lines of credit 37 16,712 14,079
Supplemental disclosure of noncash financing activities:      
Non-cash portion of earn-in liability 497 0 0
Non-cash portion of earn-out 1,880 0 0
Preferred Stock      
Cash Flows from Financing Activities      
Payment of issuance costs 0 (10,544) 0
Common Stock      
Cash Flows from Financing Activities      
Payment of issuance costs 0 (4,236) 0
Member Notes Receivable      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities from continuing operations:      
Forgiveness of debt of notes receivable from members $ 223 $ 212 $ 261