Management Fee |
9 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Management Fee | 15. Management Fee Platinum Advisors Fee Agreement The Company received certain corporate and advisory services from Platinum Equity Advisors, LLC (“Platinum Advisors”), an entity affiliated with Platinum pursuant to a Corporate Advisory Services Agreement between McGraw Hill and Platinum Advisors (the “Advisory Agreement”). The Company agreed to pay Platinum Advisors a non-refundable annual management fee of $10,000 and to reimburse Platinum Advisors for its out-of-pocket costs and expenses incurred in connection with its services under the Advisory Agreement. Upon completion of the IPO on July 25, 2025, the Advisory Agreement was terminated. For the three and nine months ended December 31, 2025, the Company paid Platinum Advisors fees of nil and $3,125, respectively, and expense reimbursements of $25 and $300, respectively, related to such services. These amounts are included within Operating and administrative expenses in the consolidated statements of operations.
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