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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Activity
The following table provides a summary of RSU activities during the nine months ended September 30, 2025:
Number of RSUsWeighted Average Grant-Date Fair Value
Granted and unvested at December 31, 2024763,415 $17.19 
Granted
472,772 31.41 
Vested
(169,395)17.12 
Forfeited
(43,084)20.63 
Granted and unvested at September 30, 20251,023,708 $23.62 
Schedule of PSU Activity
The following table provides a summary of PSU activity during the nine months ended September 30, 2025:
Number of PSUs
Weighted Average Grant-Date Fair Value
Granted and unvested at December 31, 2024129,411 $10.04 
Granted67,526 16.09 
Vested— — 
Forfeited— — 
Granted and unvested at September 30, 2025196,937 $12.11 
Schedule of Valuation Assumptions
The following table summarizes the significant inputs used in the Monte Carlo simulation model to determine the grant-date fair value of the PSUs awarded:

May 22, 2024February 21, 2025
Expected term (in years)
3.03.0
Expected volatility
27.0%27.0%
Expected dividend yield
—%—%
Risk-free interest rate
4.6%4.2%
Schedule of Share Based Payment Award Warrants Valuation Assumptions
The following table summarizes the significant inputs used in the Black-Scholes-Merton pricing models to determine the grant-date fair value of the Warrants issued:
Initial Warrants
Overallotment Warrants
Expected term (in years)
10.010.0
Expected volatility
34.0%34.0%
Expected dividend yield
—%—%
Risk-free interest rate
4.4%4.5%