v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Common Class A
Common Class D
Common Stock
Common Class A
Common Stock
Common Class A
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Common Stock
Common Class D
Common Stock
Common Class D
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Additional  Paid-in Capital
Additional  Paid-in Capital
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Retained Earnings
Retained Earnings
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Non-controlling Interest
Non-controlling Interest
Cumulative Effect, Remeasurement Due to Change in Parent Ownership and Other
Balance at beginning of period (in shares) at Dec. 31, 2024         157,940,987   1,440,332,098              
Balance at beginning of period at Dec. 31, 2024 $ 2,053,848       $ 16   $ 144   $ 3,523   $ 157,837   $ 1,892,328  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) (247,028)                   (13,679)   (233,349)  
Class A common stock dividends (18,775)                   (18,775)      
Member distributions to SFS Corp. (148,395)                       (148,395)  
Stock-based compensation (in shares)         291,194                  
Stock-based compensation 9,166               775   132   8,259  
Re-measurement of non-controlling interest due to change in parent ownership and other (in shares)           42,549,478   (42,549,478)            
Re-measurement of non-controlling interest due to change in parent ownership and other   $ (13,467)       $ 4   $ (4)       $ 34,892   $ (48,359)
Balance at end of period (in shares) at Mar. 31, 2025         200,781,659   1,397,782,620              
Balance at end of period at Mar. 31, 2025 1,635,349       $ 20   $ 140   4,298   160,407   1,470,484  
Balance at beginning of period (in shares) at Dec. 31, 2024         157,940,987   1,440,332,098              
Balance at beginning of period at Dec. 31, 2024 2,053,848       $ 16   $ 144   3,523   157,837   1,892,328  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) 67,451                          
Balance at end of period (in shares) at Jun. 30, 2025         205,979,563   1,393,282,620              
Balance at end of period at Jun. 30, 2025 1,747,982       $ 21   $ 139   5,688   170,320   1,571,814  
Balance at beginning of period (in shares) at Mar. 31, 2025         200,781,659   1,397,782,620              
Balance at beginning of period at Mar. 31, 2025 1,635,349       $ 20   $ 140   4,298   160,407   1,470,484  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) 314,479                   22,909   291,570  
Class A common stock dividends (20,653)                   (20,653)      
Member distributions to SFS Corp. (190,868)                       (190,868)  
Stock-based compensation (in shares)         697,904                  
Stock-based compensation 11,041               1,390       9,651  
Re-measurement of non-controlling interest due to change in parent ownership and other (in shares)           4,500,000   (4,500,000)            
Re-measurement of non-controlling interest due to change in parent ownership and other   (1,366)       $ 1   $ (1)       7,657   (9,023)
Balance at end of period (in shares) at Jun. 30, 2025         205,979,563   1,393,282,620              
Balance at end of period at Jun. 30, 2025 1,747,982       $ 21   $ 139   5,688   170,320   1,571,814  
Balance at beginning of period (in shares) at Dec. 31, 2025     268,415,480 1,331,482,620 268,415,480   1,331,482,620              
Balance at beginning of period at Dec. 31, 2025 1,593,629       $ 27   $ 133   9,910   189,447   1,394,112  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) 170,374                   25,301   145,073  
Class A common stock dividends (31,364)                   (31,364)      
Member distributions to SFS Corp. (129,106)                       (129,106)  
Stock-based compensation (in shares)         468,271                  
Stock-based compensation 15,189               2,672       12,517  
Re-measurement of non-controlling interest due to change in parent ownership and other (in shares)           44,000,000   (44,000,000)            
Re-measurement of non-controlling interest due to change in parent ownership and other   (17,821)       $ 4   $ (4)   $ 11   33,384   (51,216)
Balance at end of period (in shares) at Mar. 31, 2026         312,883,751   1,287,482,620              
Balance at end of period at Mar. 31, 2026 1,600,901       $ 31   $ 129   12,593   216,768   1,371,380  
Balance at beginning of period (in shares) at Dec. 31, 2025     268,415,480 1,331,482,620 268,415,480   1,331,482,620              
Balance at beginning of period at Dec. 31, 2025 1,593,629       $ 27   $ 133   9,910   189,447   1,394,112  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) (281,528)                          
Balance at end of period (in shares) at Jun. 30, 2026     342,247,135 1,261,862,603 342,247,135   1,261,862,603              
Balance at end of period at Jun. 30, 2026 985,308       $ 34   $ 126   15,032   118,646   851,470  
Balance at beginning of period (in shares) at Mar. 31, 2026         312,883,751   1,287,482,620              
Balance at beginning of period at Mar. 31, 2026 1,600,901       $ 31   $ 129   12,593   216,768   1,371,380  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) (451,902)                   (80,594)   (371,308)  
Class A common stock dividends (34,225)                   (34,225)      
Member distributions to SFS Corp. (126,816)                       (126,816)  
Stock-based compensation (in shares)         3,743,367                  
Stock-based compensation 11,897               2,439       9,458  
Re-measurement of non-controlling interest due to change in parent ownership and other (in shares)           25,620,017   (25,620,017)            
Re-measurement of non-controlling interest due to change in parent ownership and other   $ (14,547)       $ 3   $ (3)       $ 16,697   $ (31,244)
Balance at end of period (in shares) at Jun. 30, 2026     342,247,135 1,261,862,603 342,247,135   1,261,862,603              
Balance at end of period at Jun. 30, 2026 $ 985,308       $ 34   $ 126   $ 15,032   $ 118,646   $ 851,470