v3.26.3
Income Taxes (Tables)
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
Set forth in the following table is the Company’s provision for (benefit from) income taxes (in thousands) and effective tax rate:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Provision for (benefit from) income taxes$2,751 $(23,355)$6,303 $5,614 
Effective tax rate18.3 %447.2 %3.8 %6.7 %
Schedule of Tax Receivable Agreement
The following table summarizes the Company’s tax receivable agreement (“TRA”) (in thousands):
Statements of Operations
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Increase (decrease) in tax receivable agreement liability$12,992 $(20,808)$13,098 $(5,701)
September 30, 2026December 31, 2025
Tax receivable agreement liability - short term (1)
$16,323 $38,832 
Tax receivable agreement liability - long term (1)
15,432 18,656 
Total$31,755 $57,488 
(1) Refer to Note 20. Related Party Transactions.