v3.26.1
Fair Value Measurements (Tables) - BW Ultimate Parent, LLC and Subsidiaries
3 Months Ended
Mar. 31, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of the fair value hierarchy of the Company's assets and liabilities measured at fair value on a recurring basis

Fair Value Measurement at the end of 

March 31, 2026, and December 31, 2025

Level 1

Level 2

Level 3

2026

2025

2026

2025

2026

2025

Description

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash equivalents

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Overnight Investments

$

52,984

$

28,272

$

$

$

$

Total Cash equivalents

$

52,984

$

28,272

$

$

$

$

Derivatives

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Redeemable senior preferred membership interests

$

$

$

$

$

$

Total Derivatives

$

$

$

$

$

$

Total

$

52,984

$

28,272

$

$

$

$

Summary of changes in the fair value of the Company's Level 3 valuation for the derivative liability

Balance at December 31, 2024

  ​ ​ ​

$

900

Change in fair value

 

(900)

Balance at December 31, 2025

$

Change in fair value

 

Balance at March 31, 2026

$