Indebtedness - Schedule of Debt (Details) - USD ($)
$ / shares in Units, $ in Thousands, shares in Millions |
|
3 Months Ended |
6 Months Ended |
|
Feb. 01, 2026 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Dec. 31, 2025 |
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, net |
|
$ 15,157,898
|
|
$ 15,157,898
|
|
$ 14,695,571
|
| Unused borrowing capacity |
|
63,740
|
|
63,740
|
|
|
| Letters of credit outstanding, amount |
|
17,400
|
|
17,400
|
|
$ 23,000
|
| Debt discount amortization |
|
$ 531
|
$ 618
|
$ 1,025
|
$ 1,258
|
|
| Common stock, par value (in dollars per share) |
|
$ 0.0001
|
|
$ 0.0001
|
|
$ 0.0001
|
| Recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 636,887
|
|
$ 636,887
|
|
$ 726,965
|
| Unamortized debt discount |
|
(8,407)
|
|
(8,407)
|
|
(9,436)
|
| Total debt, net |
|
628,480
|
|
628,480
|
|
717,529
|
| Unused borrowing capacity |
|
0
|
|
0
|
|
|
| Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
14,690,869
|
|
14,690,869
|
|
14,132,262
|
| Unamortized debt (discount) premium, net |
|
(161,451)
|
|
(161,451)
|
|
(154,220)
|
| Total debt, net |
|
14,529,418
|
|
14,529,418
|
|
13,978,042
|
| Unused borrowing capacity |
|
$ 63,740
|
|
$ 63,740
|
|
|
| Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
3.25%
|
|
3.25%
|
|
|
| Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
3.75%
|
|
3.75%
|
|
|
| Bank Line Of Credit | Recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 153,700
|
|
$ 153,700
|
|
$ 238,323
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
7.76%
|
|
7.76%
|
|
7.20%
|
| Line of credit, maximum borrowing capacity |
|
|
|
|
|
$ 321,400
|
| Long-term line of credit |
|
$ 153,700
|
|
$ 153,700
|
|
|
| Bank Line Of Credit | Recourse debt | Federal Funds Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
0.50%
|
|
0.50%
|
|
|
| Bank Line Of Credit | Recourse debt | Prime Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
1.00%
|
|
1.00%
|
|
|
| Bank Line Of Credit | Recourse debt | Minimum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
3.25%
|
|
|
| Bank Line Of Credit | Recourse debt | Maximum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
3.75%
|
|
|
| Bank Line Of Credit | Recourse debt | Letter of Credit |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Letters of credit outstanding, amount |
|
$ 82,400
|
|
$ 82,400
|
|
|
| Convertible Senior Notes Due 2026 | Recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
0
|
|
0
|
|
$ 5,457
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
0.00%
|
|
0.00%
|
|
0.00%
|
| Contractual interest rate (as percent) |
|
|
|
0.00%
|
|
|
| Convertible Senior Notes due 2030 | Recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 483,187
|
|
$ 483,187
|
|
$ 483,185
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
4.00%
|
|
4.00%
|
|
4.00%
|
| Contractual interest rate (as percent) |
|
|
|
4.00%
|
|
|
| Senior revolving and delayed draw loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 1,949,800
|
|
$ 1,949,800
|
|
$ 2,104,000
|
| Unused borrowing capacity |
|
$ 57,300
|
|
$ 57,300
|
|
|
| Weighted average interest rate (as percent) |
|
6.33%
|
|
6.33%
|
|
6.51%
|
| Aggregate principal amount |
|
$ 3,000,000
|
|
$ 3,000,000
|
|
|
| Senior revolving and delayed draw loans | Non-recourse debt | Minimum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
2.35%
|
|
|
| Senior revolving and delayed draw loans | Non-recourse debt | Maximum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
3.10%
|
|
|
| Senior non-revolving loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
3,125,864
|
|
$ 3,125,864
|
|
$ 2,661,578
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
6.01%
|
|
6.01%
|
|
6.24%
|
| Senior non-revolving loans | Non-recourse debt | Minimum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
4.66%
|
|
|
| Senior non-revolving loans | Non-recourse debt | Minimum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
2.10%
|
|
|
| Senior non-revolving loans | Non-recourse debt | Maximum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
8.00%
|
|
|
| Senior non-revolving loans | Non-recourse debt | Maximum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
2.25%
|
|
|
| Subordinated revolving and delayed draw loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 165,950
|
|
$ 165,950
|
|
$ 43,900
|
| Unused borrowing capacity |
|
$ 6,440
|
|
$ 6,440
|
|
|
| Weighted average interest rate (as percent) |
|
11.02%
|
|
11.02%
|
|
12.94%
|
| Subordinated revolving and delayed draw loans | Non-recourse debt | Minimum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
6.75%
|
|
|
| Subordinated revolving and delayed draw loans | Non-recourse debt | Maximum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
9.10%
|
|
|
| Subordinated Loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 3,203,133
|
|
$ 3,203,133
|
|
$ 3,285,877
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
9.30%
|
|
9.30%
|
|
9.39%
|
| Subordinated Loans | Non-recourse debt | Minimum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
7.00%
|
|
|
| Subordinated Loans | Non-recourse debt | Minimum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
6.50%
|
|
|
| Subordinated Loans | Non-recourse debt | Maximum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
10.75%
|
|
|
| Subordinated Loans | Non-recourse debt | Maximum | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
6.90%
|
|
|
| Securitized loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, gross |
|
$ 6,246,122
|
|
$ 6,246,122
|
|
$ 6,036,907
|
| Unused borrowing capacity |
|
$ 0
|
|
$ 0
|
|
|
| Weighted average interest rate (as percent) |
|
5.56%
|
|
5.56%
|
|
5.40%
|
| Securitized loans | Non-recourse debt | Minimum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
2.27%
|
|
|
| Securitized loans | Non-recourse debt | Maximum |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Contractual interest rate (as percent) |
|
|
|
6.60%
|
|
|
| Line of Credit | Recourse debt | Minimum | Base Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
2.25%
|
|
2.25%
|
|
|
| Line of Credit | Recourse debt | Maximum | Base Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Interest rate |
|
2.75%
|
|
2.75%
|
|
|
| 2022 Credit Agreement, Base Rate Loans | Line of Credit | Base Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
0.00%
|
|
|
| 2022 Credit Agreement, SOFR Rate Loans | Line of Credit | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
0.00%
|
|
|
| 2022 Credit Agreement, SOFR Rate Loans | Line of Credit | One Month, Secured Overnight Financing Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
0.11448%
|
|
|
| 2022 Credit Agreement, SOFR Rate Loans | Line of Credit | Three Month, Secured Overnight Financing Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
0.26161%
|
|
|
| 2022 Credit Agreement, SOFR Rate Loans | Line of Credit | Six Month, Secured Overnight Financing Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Basis spread on variable rate |
|
|
|
0.42826%
|
|
|
| Convertible Senior Notes | Convertible Debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, net |
|
$ 483,200
|
|
$ 483,200
|
|
|
| Interest rate |
|
4.00%
|
|
4.00%
|
|
|
| Effective interest rate |
|
0.57%
|
|
0.57%
|
|
|
| Debt discount amortization |
$ 7,700
|
|
|
|
|
|
| Conversion price (in dollars per share) |
|
$ 0.0613704
|
|
$ 0.0613704
|
|
|
| Common stock, par value (in dollars per share) |
|
0.0001
|
|
$ 0.0001
|
|
|
| Convertible Senior Notes | Convertible Debt | Capped Call |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Payments for capped call transaction |
|
|
|
$ 28,000
|
|
|
| Capped call price per share (in dollars per share) |
|
|
|
$ 117.91
|
|
|
| Conversion price (in dollars per share) |
|
$ 157.22
|
|
$ 157.22
|
|
|
| Number of shares covered by capped calls (in shares) |
|
|
|
3.4
|
|
|
| Convertible Senior Notes | Convertible Debt | Base Rate |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective interest rate |
|
4.51%
|
|
4.51%
|
|
|
| Debt discount amortization |
|
|
|
$ 4,700
|
|
|
| Conversion price (in dollars per share) |
|
$ 16.29
|
|
$ 16.29
|
|
|
| Convertible Senior Notes | Convertible Debt | Base Rate | Capped Call |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Payments for capped call transaction |
|
|
|
$ 38,400
|
|
|
| Conversion price (in dollars per share) |
|
$ 22.37
|
|
$ 22.37
|
|
|
| Number of shares covered by capped calls (in shares) |
|
|
|
29.7
|
|
|
| Fixed Rate Senior Non Revolving Loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, net |
|
$ 2,100,000
|
|
$ 2,100,000
|
|
|
| One Subordinated Loan With Put Option | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, net |
|
168,300
|
|
168,300
|
|
|
| Floating Rate Subordinated Loans | Non-recourse debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Total debt, net |
|
$ 351,800
|
|
$ 351,800
|
|
|