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Tax Receivable Agreement and Income Taxes (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Tax Receivable Agreement and Income Taxes [Abstract]    
Schedule of Provision for Income Taxes The components of income tax expense are as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Income tax expense$— $6,606 $— $6,132 
Effective income tax rate%2884.7%%(85.1%)
The components of income tax expense are as follows (in thousands):
Year Ended December 31,
20242023
Current:
Federal$— $— 
State— — 
Total current— — 
Deferred:
Federal$5,192 $205 
State940 363 
Total deferred6,132 568 
Total income tax expense$6,132 $568