v3.25.2
Equity-based compensation
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Equity-based compensation Equity-based compensation
Equity-based compensation cost recognized for equity-based awards outstanding during the three and six months ended June 30, 2025 and 2024 was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
QLH restricted Class B-1 units$— $6 $— $13 
Restricted Class A shares— 101 — 206 
Restricted stock units8,112 8,775 14,819 17,245 
Performance-based restricted stock units— 339 317 391 
Total equity-based compensation$8,112 $9,221 $15,136 $17,855 
Equity-based compensation cost was included in the following expense categories in the consolidated statements of operations during the three and six months ended June 30, 2025 and 2024:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
Cost of revenue$277 $392 $571 $2,249 
Sales and marketing1,457 2,042 2,740 3,743 
Product development1,498 1,786 2,746 3,268 
General and administrative4,880 5,001 9,079 8,595 
Total equity-based compensation$8,112 $9,221 $15,136 $17,855 
As of June 30, 2025, total unrecognized compensation cost related to unvested restricted stock units was $65.3 million, which is expected to be recognized over a weighted-average period of 2.87 years.