Basic and Diluted Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the Company’s basic and diluted net income per share attributable to common stockholders for the three months ended March 31 (in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2025				2024
	Class A		Class V		Class A		Class V
Numerator:
Net income attributable to common stockholders, basic	$	47,617	$	1,868	$	10,691	$	437
Reallocation of undistributed earnings	187		(187)		—		—
Net income attributable to common stockholders, diluted	47,804		1,681		10,691		437
Denominator:
Weighted average shares outstanding, basic	213,611,704		8,377,623		205,074,469		8,377,623
Effect of dilutive potential common shares	24,620,905		—		15,912,493		—
Weighted average shares outstanding, diluted	238,232,609		8,377,623		220,986,962		8,377,623
Basic net income per share	$	0.22	$	0.22	$	0.05	$	0.05
Diluted net income per share	$	0.20	$	0.20	$	0.05	$	0.05

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table discloses weighted-average Class A securities that were not included in the computation of diluted net income per share as their inclusion would have been anti-dilutive:

	Three Months Ended March 31,
	2025	2024
RSUs	913,504	5,264,985
Stock options	—	1,456,985