Related Parties

12 Months Ended

Dec. 31, 2025

Related Party Transactions [Abstract]

Related Parties

25. RELATED PARTIES

The Company has engaged in transactions within the ordinary course of business with entities affiliated with its principal equity owners and directors.

The following table summarizes revenues recognized and expenses incurred with entities affiliated with one of its principal equity owners and directors for the years ended December 31, 2025, 2024 and 2023 (in thousands):

	December 31,
	2025		2024		2023
Revenues
Software subscriptions	$	3,600	$	—	$	—
Credit card processing		1,878		1,382		1,051
Expenses
Employee health insurance benefits		4,596		4,202		3,641
IT security software		624		510	^
Board of director fees for services, including related travel and out-of-pocket reimbursements		377		275		306
Human resources support services	*		*			313
IT development software	*		*			130

* Not significant.

^ Not a related party during the year ended December 31.

As of December 31, 2025, the Company had $3.6 million in accounts receivable from related parties, while related-party payables were de minimis. As of December 31, 2024, all related-party receivables and payables were de minimis.

During the year ended December 31, 2025, concurrent with the closing of the March 2025 secondary offering (see Note 19), 7.0 million shares of common stock were repurchased by the Company from its principal equity owner for an aggregate price of $72.3 million.

During the year ended December 31, 2023, as part of the November 2023 secondary offering (see Note 19), the Company entered into a share repurchase agreement with its principal equity owner, pursuant to which the Company agreed to repurchase 32.5 million shares of the Company’s common stock at a price equal to the price per share paid by the underwriters, net of commissions and discounts. The aggregate price paid by the Company for the repurchased shares was $328.5 million.