Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

		Successor
		Consolidated
	Weighted Average	December 31, 2025
	Remaining Useful Life	Gross Carrying		Accumulated		Intangible
	(in Years)	Amount (a)		Amortization		Asset, net
Customer relationships	11.0	$	292,855	$	(11,076)	$	281,779
Trade names—indefinite-lived (b)	Indefinite-lived		2,875		—		2,875
Trade names—others (c)	8.0		9,029		(470)		8,559
Outsourced contract costs	5.0		1,133		(94)		1,039
Internally developed software	5.0		39,381		(3,311)		36,070
Purchased software	8.0		15,009		(1,251)		13,758
Intangibles, net		$	360,282	$	(16,202)	$	344,080

		Predecessor
		Combined and Consolidated
	Weighted Average	December 31, 2024
	Remaining Useful Life	Gross Carrying		Accumulated		Intangible
	(in Years)	Amount (a)		Amortization		Asset, net
Customer relationships	7.8	$	490,166	$	(388,565)	$	101,601
Developed technology	0.2		88,554		(88,501)		53
Trade names—indefinite-lived (b)	Indefinite-lived		5,300		—		5,300
Outsourced contract costs	2.0		17,660		(16,496)		1,164
Internally developed software	2.2		56,285		(47,610)		8,675
Purchased software	9.0		26,749		(10,700)		16,049
Intangibles, net		$	684,714	$	(551,872)	$	132,842

(a) Amounts include intangible assets acquired in business combinations and asset acquisitions. $14.6 million of gross carrying amount of intangible assets was fully amortized and written off during the year 2024.

(b) The carrying amounts of trade names—indefinite-lived as of December 31, 2025 (Successor) and December 31, 2024 (Predecessor) represent indefinite-lived intangible assets and is net of accumulated impairment losses of $0 and $44.1 million, respectively.

(c) The carrying amount of trade names—others as of December 31, 2025 (Successor) represents definite-lived intangible asset and is net of accumulated impairment losses of $0.

Schedule of estimated intangibles amortization expense

	Estimated
	Amortization
	Expense
2026	$	37,427
2027		37,144
2028		37,144
2029		37,033
2030		33,480
2031 and thereafter		158,977
Total	$	341,205

Schedule of goodwill by reporting segment

	Successor
	Consolidated
	Balances as at August 1, 2025 (a)		Additions			Deletions			Impairments		Currency Translation Adjustments		Balances as at December 31, 2025 (a)
Applied Workflow Automation	$	356,777	$	—		$	(683)	(b)	$	(240,292)	$	—	$	115,802
Technology		153,287		792	(b)		—			(80,000)		—		74,079
Total	$	510,064	$	792		$	(683)		$	(320,292)	$	—	$	189,881
	Predecessor
	Combined and Consolidated
	Balances as at January 1, 2025 (a)		Additions			Deletions			Impairments		Currency Translation Adjustments		Balances as at July 31, 2025 (a)
Applied Workflow Automation	$	39,718	$	—		$	—		$	—	$	—	$	39,718
Technology		—		—			—			—		—		—
Total	$	39,718	$	—		$	—		$	—	$	—	$	39,718
	Predecessor
	Combined and Consolidated
	Balances as at January 1, 2024 (a)		Additions			Deletions			Impairments		Currency Translation Adjustments		Balances as at December 31, 2024 (a)
Applied Workflow Automation	$	147,542	$	—		$	—		$	(108,489)	$	665	$	39,718
Technology		—		—			—			—		—		—
Total	$	147,542	$	—		$	—		$	(108,489)	$	665	$	39,718

(a) The goodwill amount for all periods presented is net of accumulated impairment amounts. Accumulated impairment relating to Applied Workflow Automation and Technology was $240.3 million and $80.0 million, respectively, at December 31, 2025 (Successor). Accumulated impairment relating to Applied Workflow Automation was $309.3 million and $731.1 million at December 31, 2024 (Predecessor) and January 1, 2024 (Predecessor), respectively.

(b) Additions/Deletions represent measurement period adjustments as discussed in Note 5, Business Combination.