Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Components of Operating Lease Expense

The following table presents the components of operating lease expense for the years ended December 31, 2025, 2024 and 2023:

		Year Ended December 31,
Lease cost:	Classification	2025		2024		2023
		(In thousands)
Operating lease cost - office space	Occupancy	$	11,325	$	11,034	$	12,861
Operating lease cost - equipment	Technology and communications		390		390		98
Variable lease costs	Occupancy		3,379		3,327		237
Total operating lease cost		$	15,094	$	14,751	$	13,196

Summary of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and weighted average discount rate are as follows:

	As of
Lease Term and Discount Rate	December 31, 2025			December 31, 2024
Weighted average remaining lease term (in years) - operating leases		8.1			8.8
Weighted average discount rate - operating leases		6.1	%		6.1	%
Weighted average remaining lease term (in years) - finance leases		—			0.8
Weighted average discount rate - finance leases		—			7.2	%

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of December 31, 2025:

	Operating Leases
	(In thousands)
2026	$	12,671
2027		9,555
2028		8,732
2029		9,006
2030		9,039
2031 and thereafter		33,186
Total lease payments		82,189
Less: imputed interest		17,251
Present value of lease liabilities	$	64,938