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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income (loss) $ (21,026) $ 57,492
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,489 21,556
Deferred income taxes, net (689) (236)
Non-cash lease expense 7,695 7,268
Non-cash compensation expense 3,207 1,106
Other non-cash activity (1,937) 1,088
Liquidity Event share awards (Note 19) 28,679 0
Changes in operating assets and liabilities:    
Accounts receivable, net 56,836 30,587
Related-party receivables 22,218 (5,439)
Prepaid expenses (293) (1,466)
Income tax receivable 784 (263)
Other assets (1,119) (1,479)
Accounts payable and accrued expenses (11,747) (7,013)
Compensation payable (8,996) (15,666)
Deferred revenue 591 576
Lease liability (9,397) (8,317)
Net cash provided by operating activities 103,295 79,794
Cash Flows from Investing Activities    
Purchases of property and equipment, net (2,485) (3,749)
Net cash used in investing activities (2,485) (3,749)
Cash Flows from Financing Activities    
IPO proceeds less underwriter discount 451,528 0
Distributions of IPO proceeds to partners (254,493) 0
Pre-offering distribution to partners (70,626) 0
Distributions to partners (130,533) (118,855)
Contributions and other 11,735 2,438
Payment of contingent consideration (3,294) 0
Payment on long-term debt (196,640) 0
Proceeds from long-term debt 25,000 0
Proceeds from line of credit 0 25,200
Repayment of line of credit 0 (12,200)
Net cash used in financing activities (167,323) (103,417)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,900) 6,705
Net decrease in cash, cash equivalents, and restricted cash (69,413) (20,667)
Cash, cash equivalents, and restricted cash, beginning of period 324,827 228,988
Cash, cash equivalents, and restricted cash, end of period 255,414 208,321
Cash paid during the period for:    
Cash paid for income taxes 4,210 315
Cash paid for interest 11,061 0
Other non-cash activity    
Initial establishment of deferred tax asset 65,179 0
Establishment of liability related to tax receivable agreement (84,764) 0
Reconciliation of Cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 250,624  
Restricted cash 4,790  
Total cash and cash equivalents and restricted cash $ 255,414 $ 208,321