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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 250,280 $ 87,993
Accounts receivable, net of allowance for credit losses of $1,676 and $3,071, respectively 123,418 117,848
Loans and notes receivable from related parties, net of allowance for credit losses of $2,513 and $1,480, respectively $ 473 $ 436
Financing Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party Related Party
Investments in held-to-maturity debt securities, current $ 8,179 $ 22,485
Prepaid expenses and other current assets 29,688 17,615
Total current assets 412,038 246,377
Loans and notes receivable from related parties, net of allowance for credit losses of $8,222 and $7,131, respectively 440 2,184
Property and equipment, net 35,695 32,743
Operating lease right-of-use assets 82,104 76,908
Intangible assets, net 2,543 2,331
Investments in held-to-maturity debt securities 0 8,066
Goodwill 30,078 30,078
Other assets 2,242 0
Total assets 565,140 398,687
Current liabilities:    
Accounts payable and other accrued expenses 11,998 16,869
Accrued payroll and benefits 46,332 37,690
Deferred revenue 12,522 15,581
Distributions payable to related parties 52,745 0
Operating lease liabilities, current $ 3,958 $ 17,074
Notes Payable, Current, Related Party [Extensible Enumeration] Related Party Related Party
Notes payable to related parties, current portion $ 62,340 $ 0
Other current liabilities 5,912 7,227
Total current liabilities 195,807 94,441
Operating lease liabilities, noncurrent $ 106,448 $ 90,881
Notes Payable, Noncurrent, Related Party [Extensible Enumeration] Related Party Related Party
Notes payable to related parties, less current portion $ 287,745 $ 0
Other liabilities 3,517 17,116
Total liabilities 593,517 202,438
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest (Note 12) 106,354 0
Stockholders' deficit/ members' equity:    
Members' equity 0 196,249
Preferred stock, par value $0.0001 per share: 100,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 0  
Additional paid-in-capital 0  
Accumulated deficit (134,742)  
Total stockholders' deficit/ members' equity (134,731)
Total liabilities, redeemable noncontrolling interest and stockholders' deficit/ members' equity 565,140 $ 398,687
Common Class A    
Stockholders' deficit/ members' equity:    
Common stock, value 1  
Common Class B    
Stockholders' deficit/ members' equity:    
Common stock, value $ 10