v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Share-Based Compensation
The following table summarizes the share-based compensation activity:
For the period from January 10, 2025 (Inception) through December 31, 2025Service-based
Awards
Weight-Average
Grant Date FV
(Service)
Performance-
based Awards
Weight-Average
Grant Date FV
(Performance)
Granted / Sold64,706,165 $1.26 27,452,780 $20.39 
Modified to accelerate vesting(30,547,688)$0.00 — $— 
Repurchase/Forfeited(12,036,900)$0.03 (126,000)$21.00 
Vested(9,536,287)$1.93 — $— 
Unvested as of December 31, 202512,585,290 $4.97 27,326,780 $20.39 
Vested as of December 31, 202540,083,975 $0.46 — $—