Equity-based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-Based Payment Arrangement, Option, Activity |
A summary of the Company's time-based stock option activity under the 2021 Plan for the years ended December 31, 2025 and 2024, is as follows:
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Number of Options |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term |
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Aggregate Intrinsic Value |
Balance as of December 31, 2023 |
39,820 |
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$ |
81.47 |
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8.06 |
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$ |
— |
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Granted |
— |
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— |
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Exercised |
— |
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— |
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Forfeited/Repurchased |
— |
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— |
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Balance as of December 31, 2024 |
39,820 |
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81.47 |
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7.06 |
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— |
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Granted |
— |
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— |
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Exercised |
— |
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— |
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Forfeited/Repurchased |
— |
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— |
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Balance as of December 31, 2025 |
39,820 |
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81.47 |
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4.99 |
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— |
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Vested as of December 31, 2025 |
39,820 |
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$ |
81.47 |
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4.99 |
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$ |
— |
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| Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity |
A summary of the Company's time-based RSU activity under the 2021 Plan for the years ended December 31, 2025 and 2024, is as follows:
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Number of Shares |
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Weighted Average
Grant Date
Fair Value
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Balance as of December 31, 2023 |
578,913 |
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$ |
15.67 |
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Granted |
403,458 |
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14.86 |
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Vested |
(274,201) |
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16.37 |
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Forfeited/Repurchased |
(56,883) |
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14.39 |
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Balance as of December 31, 2024 |
651,287 |
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14.93 |
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Granted |
457,460 |
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12.75 |
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Vested |
(347,145) |
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15.93 |
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Forfeited/Repurchased |
(105,080) |
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13.77 |
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Balance as of December 31, 2025 |
656,522 |
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$ |
12.95 |
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| Schedule of Incentive Units |
The following table summarizes time-based incentive unit activity under the 2018 Plan for the years ended December 31, 2025 and 2024:
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Number of Units |
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Weighted Average
Grant Date
Fair value
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Weighted Average Participation Threshold |
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Aggregate Intrinsic Value |
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Balance as of December 31, 2023 |
1,360,067 |
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$ |
1.50 |
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$ |
20.01 |
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$ |
— |
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Granted |
— |
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— |
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— |
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Vested |
(1,185,981) |
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1.52 |
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19.62 |
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Forfeited/Repurchased |
(30,083) |
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1.34 |
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22.68 |
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Balance as of December 31, 2024 |
144,003 |
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1.40 |
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22.68 |
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— |
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Granted |
— |
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— |
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— |
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Vested |
(144,003) |
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1.40 |
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22.68 |
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Forfeited/Repurchased |
— |
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— |
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— |
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Balance as of December 31, 2025 |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Vested as of December 31, 2025 |
9,191,205 |
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| Schedule of ESPP Purchase Rights |
A summary of the Company's ESPP activity under the 2021 Plan for the years ended December 31, 2025, 2024 and 2023, was as follows:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
Shares purchased using ESPP purchase rights |
22,423 |
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20,937 |
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39,050 |
Weighted average purchase price |
$ |
10.57 |
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$ |
10.89 |
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$ |
4.14 |
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| Schedule of Summarizes The Company’s Equity-based Compensation Expense |
The following table summarizes the Company’s equity-based compensation expense by award type for all Plans:
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
| Stock options |
$ |
696 |
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$ |
722 |
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$ |
572 |
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| RSUs |
6,076 |
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5,601 |
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4,256 |
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| ESPP purchase rights |
134 |
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100 |
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148 |
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| Time-based incentive units |
143 |
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1,557 |
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2,664 |
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| Total |
$ |
7,049 |
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$ |
7,980 |
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$ |
7,640 |
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