Net Loss per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Unit

The following table summarizes the computation of basic and diluted net loss per share attributable to common shareholders of the Company:

	For the three months ended
	March 31, 2026		March 31, 2025
Numerator:
Net loss as reported	$	(114,842)	$	(11,729)
Less: Accretion of Class P Units	192		—
Less: Deemed dividend on Conversion of the Class P Units upon IPO	60,722		—
Net loss attributable to common shareholders	$	(175,756)	$	(11,729)
Denominator:
Weighted average common shares outstanding - basic and diluted	116,022,676		95,141,928
Net loss per share - basic and diluted	$	(1.51)	$	(0.12)

Schedule of Antidilutive Equity Securities

The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:

	For the three months ended
	March 31, 2026	March 31, 2025
Restricted stock units (RSUs)	727,406	—
Restricted stock awards (RSAs)	2,075,566	—