|
Cash and cash equivalents
|
|
$11k
|
$1.2m
|
$502.8m
|
$171.6m
|
$247.2m
|
$331.6m
|
$255.9m
|
|
Accounts receivable, net of allowance
|
|
—
|
$40.8m
|
$46.9m
|
$67.9m
|
$47.8m
|
$73.3m
|
$62.7m
|
|
Prepaid expenses and other assets
|
|
—
|
$25.8m
|
$24.3m
|
$36.2m
|
$30.9m
|
$29.2m
|
$46.8m
|
|
Amount due pursuant to tax receivable agreement
|
|
—
|
$0
|
$14.1m
|
$23.0m
|
$30.9m
|
$65.5m
|
$93.5m
|
|
Intangible assets, net of accumulated amortization
|
|
—
|
$38.9m
|
$32.4m
|
$25.8m
|
$19.2m
|
$12.6m
|
$12.5m
|
|
Goodwill
|
|
—
|
$34.4m
|
$34.4m
|
$34.4m
|
$34.4m
|
$34.4m
|
$72.7m
|
|
Right-of-use lease assets
|
|
—
|
$53.4m
|
$39.9m
|
$153.7m
|
$143.9m
|
$139.6m
|
$138.5m
|
|
Restricted cash
|
|
—
|
$1.8m
|
$2.0m
|
$2.6m
|
$2.9m
|
$1.2m
|
$1.1m
|
|
Investments in short-term marketable debt securities
|
|
—
|
—
|
$0
|
$140.1m
|
$91.2m
|
$75.8m
|
$0
|
|
Due from related parties
|
|
—
|
$289k
|
$4.2m
|
$3.4m
|
$7.1m
|
$1.7m
|
$1.2m
|
|
Fixed assets, net of accumulated depreciation and amortization
|
|
—
|
$17.2m
|
$10.4m
|
$48.4m
|
$93.7m
|
$84.9m
|
$77.2m
|
|
Deferred tax asset, net
|
|
—
|
$1.2m
|
$21.1m
|
$33.1m
|
$46.5m
|
$93.0m
|
$129.6m
|
|
Lease liabilities
|
|
—
|
$58.2m
|
$43.4m
|
$165.6m
|
$175.9m
|
$187.3m
|
$186.1m
|
|
Redeemable non-controlling interests (22,139,506 units at redemption value of $17.53 per unit as of December 31, 2025; 27,460,600 units at redemption value of $23.71 per unit as of December 31, 2024)
|
|
—
|
—
|
—
|
—
|
$0
|
$651.1m
|
$388.1m
|
|
Total equity
|
|
—
|
$74.2m
|
$271.4m
|
$260.1m
|
$268.2m
|
($421.4m)
|
($127.4m)
|
|
Total assets
|
|
$66k
|
$231.4m
|
$718.3m
|
$717.1m
|
$761.1m
|
$876.8m
|
$797.6m
|
|
Accrued compensation and benefits
|
|
—
|
$213.5m
|
$311.5m
|
$214.1m
|
$233.9m
|
$325.2m
|
$210.3m
|
|
Accounts payable, accrued expenses and other liabilities
|
|
—
|
$22.2m
|
$31.0m
|
$46.3m
|
$52.1m
|
$68.9m
|
$47.1m
|
|
Total liabilities
|
|
$43k
|
$10.6m
|
$447.0m
|
$457.0m
|
$492.9m
|
$647.0m
|
$536.9m
|
|
Common stock value
|
|
$787
|
$990
|
$9k
|
$9k
|
$10k
|
$10k
|
$10k
|
|
Preferred stock, par value $0.0001 per share (100,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024)
|
|
—
|
—
|
0
|
0
|
0
|
0
|
0
|
|
Additional paid-in-capital
|
|
—
|
$0
|
$158.1m
|
$242.1m
|
$312.5m
|
$0
|
$144.2m
|
|
Retained earnings (accumulated deficit)
|
|
($2k)
|
($1.0m)
|
($18.1m)
|
($18.1m)
|
($54.6m)
|
($303.7m)
|
($130.6m)
|
|
Accumulated other comprehensive income (loss)
|
|
—
|
($2.3m)
|
($1.7m)
|
($6.5m)
|
($4.5m)
|
($6.2m)
|
($2.5m)
|
|
Treasury stock, at cost (14,569,154 and 13,362,975 shares of Class A common stock at December 31, 2025 and December 31, 2024, respectively)
|
|
—
|
$0
|
($12.0m)
|
($80.1m)
|
($100.7m)
|
($111.5m)
|
($138.4m)
|
|
Total liabilities, redeemable non-controlling interests, and equity
|
|
$66k
|
$231.4m
|
$718.3m
|
$717.1m
|
$761.1m
|
$876.8m
|
$797.6m
|