Commitments and Contingencies

9 Months Ended

Sep. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Litigation

The Company has been involved in various legal matters arising out of the ordinary course of business. Management believes such legal matters will not have a material adverse effect on the unaudited condensed consolidated balance sheets or statements of operations of the Company.

Amounts Payable to Related Parties Pursuant to Tax Receivable Agreement

In connection with the IPO and Reorganization Transactions, the Company entered into the TRA with certain pre-IPO owners. At September 30, 2026, the Company had accrued $74.4 million for estimated payments under the TRA. See Note 2 for further details.

Other Commitments

The Company entered into an agreement to use certain professional services training facilities (“Training Center Agreement”) for a limited number of days per year, which extends through 2030. Sales, general and administrative expenses include approximately $1.3 million and $1.6 million incurred for these services for the three months ended September 30, 2026 and 2025, respectively, and $2.1 million and $2.7 million for the nine months ended September 30, 2026 and 2025, respectively. The Training Center Agreement requires minimum payments through 2030, as follows (in thousands):


Fiscal Year	Minimum Commitments
Remainder of 2026	$	—
2027	108
2028	4,000
2029	4,000
2030	4,000
Total	$	12,108

During 2024 and 2025, the Company signed commitments for software licenses for certain financial accounting systems and cloud hosting services. The contracts require minimum payments through 2031, as follows (in thousands):


Fiscal Year	Minimum Commitments
Remainder of 2026	$	—
2027	4,021
2028	4,021
2029	4,021
2030	4,021
Thereafter	4,021
Total	$	20,105