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Equity-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-based Compensation Award Activity
The following table summarizes the equity-based compensation award activity for the nine months ended September 30, 2025, and September 30, 2024:

September 30, 2025September 30, 2024
Number of AwardsWeighted Average Grant Date Fair ValueNumber of AwardsWeighted Average Grant Date Fair Value
Restricted common stock
Restricted common stock awards outstanding at beginning of period6,216,514 $4.86 4,797,464 $4.64 
Restricted common stock granted 7,676,202 3.82 4,123,786 5.19 
Restricted common stock forfeited(256,559)4.76 (615,060)4.51 
Restricted common stock vested(2,231,567)4.60 (1,823,811)4.99 
Restricted common stock awards outstanding at end of period11,404,590 $4.226,482,379 $4.90 
Schedule of Equity-Based Compensation Recognized
The following table summarizes the equity-based compensation recognized, which is included in Compensation and employee benefits in the Condensed Consolidated Statement of Operations, during the three and nine months ended September 30, 2025, and September 30, 2024:

For the Three Months EndedFor the Nine Months Ended
(Dollars in Thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
RSUs$4,616 $3,076 $13,733 $8,168 
PRSUs 665 1,715 2,535 2,180 
Acquisition-related192 1,809 4,523 4,854 
Revenue share285 435 492 799 
Deferred compensation 1,343 871 2,432 3,245 
Accrued compensation19 — 46 — 
Total$7,121 $7,905 $23,761 $19,247