v3.26.1
Equity-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity-based Compensation Award Activity
The following table summarizes the equity-based compensation award activity for the three months ended March 31, 2026, and March 31, 2025:

March 31, 2026March 31, 2025
Number of AwardsWeighted Average Grant Date Fair ValueNumber of AwardsWeighted Average Grant Date Fair Value
Restricted common stock
Restricted common stock awards outstanding at beginning of period11,428,887 $4.23 6,216,514 $4.86 
Restricted common stock granted 2,820,485 4.05 2,772,576 3.45 
Restricted common stock forfeited(5,149)3.86 (18,269)4.76 
Restricted common stock vested(3,087,256)4.21 (2,032,623)4.60 
Restricted common stock awards outstanding at end of period11,156,967 $4.19 6,938,198 $4.38 
Schedule of Equity-Based Compensation Recognized
The following table summarizes the equity-based compensation recognized, which is included in Compensation and employee benefits in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and March 31, 2025:

For the Three Months Ended
(Dollars in Thousands)March 31, 2026March 31, 2025
RSUs$7,838 $3,382 
PRSUs 600 1,396 
Acquisition-related665 1,517 
Revenue share120 271 
Deferred compensation 1,795 870 
Accrued compensation2,619 — 
Total$13,638 $7,436