v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Investment in partnership $ 35,631 $ 0
Net operating losses 35,266 20,365
Tax receivable agreement - imputed interest 12,111 4,213
Other 5,694 1,768
Gross deferred tax assets 88,702 26,346
Valuation allowance 83 26
Total deferred tax assets, net of valuation allowance 88,619 26,320
Deferred tax liabilities:    
Investment in partnership 0 (13,722)
Other (7,213) (4,810)
Total deferred tax liabilities (7,213) (18,532)
Net deferred tax assets (liabilities) $ 81,406 $ 7,788