v3.26.1
Accounts Payable, Accrued Expenses and Other (Tables)
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Schedule of Accounts Payable, Accrued Expenses and Other
The following summarizes accounts payable, accrued expenses and other (in thousands):

March 31, 2026December 31, 2025
TRA liability$248,959 $196,923 
Margin call payable
163,886 276 
Representations and warranties reserve
108,396 102,277 
Servicing fees payable
107,023 114,289 
Accrued compensation and benefits92,956 90,277 
Other accrued expenses
68,506 27,456 
Accrued interest and bank fees64,662 70,896 
Other accounts payable47,249 51,732 
Investor payables36,817 31,478 
Derivative settlements payable
5,994 17,106 
Deferred tax liability5,340 5,080 
Total accounts payable, accrued expenses and other
$949,788 $707,790