Redeemable Noncontrolling Interest (Tables)

3 Months Ended

Mar. 31, 2026

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

Changes to the value of the redeemable noncontrolling interest during the three months ended March 31, 2026 are summarized as follows (in thousands):

	Amount
Balance as of January 1, 2026	$	106,354
Forfeiture of Class X Umbrella Units and corresponding cancellation of Class B common stock	(66)
Net income	15,903
Equity-based compensation	37,262
Distribution	(6,270)
Accretion to redemption value	651,114
Reclassification of redeemable noncontrolling interest from temporary equity into permanent equity	(804,297)
Balance as of March 31, 2026	$	—