v3.25.2
Debt - Delayed Draw Term Loans (FY) (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
May 31, 2024
USD ($)
Subsidiary
May 14, 2024
Jul. 31, 2023
USD ($)
Subsidiary
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Line of Credit Facility [Line Items]                    
Debt amount       $ 11,171,485   $ 11,171,485   $ 8,033,477 $ 1,555,049  
Amortization of debt discounts and issuance costs and accretion of redemption premiums       $ 29,036 $ 7,547 $ 66,727 $ 15,605 $ 33,376 $ 16,533 $ 3,803
Delayed Draw Term Loan Facility 1.0 Facility                    
Line of Credit Facility [Line Items]                    
Number of subsidiaries entering into term loan facility | Subsidiary     1              
Maximum borrowing capacity     $ 2,300,000              
Weighted average interest rate               14.11% 14.12%  
Face amount               $ 2,300,000    
Frequency of periodic payment               quarterly    
Maturity date               Mar. 28, 2028    
Effective interest rate               1.00%    
Debt amount               $ 2,000,000 $ 1,400,000  
Deferred financing costs               12,000 12,000  
Unamortized debt discount               22,000 24,000  
Amortization of debt discounts and issuance costs and accretion of redemption premiums               $ 20,000 $ 2,000  
Delayed Draw Term Loan Facility 1.0 Facility | Base Rate                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate   8.62% 7.75%              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]              
Delayed Draw Term Loan Facility 1.0 Facility | Term SOFR                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate   9.62% 8.75%              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]              
Delayed Draw Term Loan Facility 2.0 Facility                    
Line of Credit Facility [Line Items]                    
Number of subsidiaries entering into term loan facility | Subsidiary 1                  
Maximum borrowing capacity $ 7,600,000                  
Weighted average interest rate               10.53%    
Face amount               $ 3,800,000    
Frequency of periodic payment               quarterly    
Deferred financing costs               $ 3,000    
Unamortized debt discount               58,000    
Amortization of debt discounts and issuance costs and accretion of redemption premiums               $ 5,000    
Delayed Draw Term Loan Facility 2.0 Facility | Base Rate                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 5.00%                  
Delayed Draw Term Loan Facility 2.0 Facility | Base Rate | Investment Grade Customers                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 5.50%                  
Delayed Draw Term Loan Facility 2.0 Facility | Base Rate | Non-investment Grade Customers                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 12.00%                  
Delayed Draw Term Loan Facility 2.0 Facility | Term SOFR | Specified Investment Grade Customers [Member]                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 6.00%                  
Delayed Draw Term Loan Facility 2.0 Facility | Term SOFR | Investment Grade Customers                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 6.50%                  
Delayed Draw Term Loan Facility 2.0 Facility | Term SOFR | Non-investment Grade Customers                    
Line of Credit Facility [Line Items]                    
Basis spread on variable rate 13.00%                  
Line of Credit | Delayed Draw Term Loan Facility 1.0 Facility                    
Line of Credit Facility [Line Items]                    
Debt covenant, restricted cash requirement, rate       4.00%   4.00%   4.00% 16.00%  
Debt covenant, restricted cash requirement       $ 56,000   $ 56,000   $ 56,000 $ 220,000  
Restricted cash       $ 56,000   $ 56,000   $ 56,000    
Line of Credit | Delayed Draw Term Loan Facility 2.0 Facility                    
Line of Credit Facility [Line Items]                    
Debt covenant, restricted cash requirement, rate       1.00%   1.00%   2.00%    
Debt covenant, restricted cash requirement       $ 50,000   $ 50,000   $ 77,000    
Debt instrument term, optional extension 3 months         3 months        
Debt instrument, term           5 years   5 years    
Undrawn fee               $ 4,000