v3.25.4
Equity-Based Compensation - Narrative (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Aug. 19, 2025
$ / shares
shares
Jul. 01, 2025
shares
Feb. 27, 2025
shares
Nov. 30, 2023
$ / shares
shares
Nov. 01, 2023
shares
Jan. 18, 2022
$ / shares
shares
Jan. 31, 2026
shares
Dec. 31, 2025
USD ($)
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Compensation expense (reversal)               $ 813,741 $ 1,006,312 $ 654,922  
Payment, tax withholding, share-based payment arrangement               190,563 67,671 6,878  
Contribution expenses               29,600 26,600 15,200  
Discretionary bonus expense               346,500 330,000 220,700  
Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               0      
Compensation expense (reversal)               400 $ 17,200    
Total Restricted Stock Units                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               $ 617,700      
Vested in period (in shares) | shares               8,100,000 4,400,000    
Compensation expense (reversal)               $ 345,900 $ 261,900 129,800  
Vested in period, fair value               $ 501,500 $ 179,100    
Share-based payment arrangement, shares withheld for tax withholding obligation (in shares) | shares               5,049,790 2,713,730    
Payment, tax withholding, share-based payment arrangement               $ 190,600 $ 68,000    
Total Restricted Stock Units | General and Administrative Expense                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Compensation expense (reversal)               $ 14,000 $ 6,400 3,700  
Total Restricted Stock Units | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares             5,000,000        
Total Restricted Stock Units | Class A Common Stock | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Stock issued during period (in shares) | shares             4,900,000        
Total Restricted Stock Units | Peppertree                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares   300,000                  
Total Restricted Stock Units | Minimum | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period             3 years        
Total Restricted Stock Units | Maximum | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period             6 years        
Total Restricted Stock Units | Omnibus Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Number of additional shares authorized (in shares) | shares     6,540,183                
Number of shares authorized for issuance (in shares) | shares     36,496,786                
Number of shares available for grant (in shares) | shares               31,361,228      
Service Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares               4,700,000 6,900,000    
Unrecognized compensation expense               $ 553,700      
Weighted average remaining requisite service period               2 years 8 months 12 days      
Vested in period (in shares) | shares               7,800,000      
Compensation expense (reversal)               $ 300,100 $ 229,600    
Ordinary Service Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               326,100      
Compensation expense (reversal)               $ 174,600 94,200    
Ordinary Service Awards | Minimum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period               3 years      
Ordinary Service Awards | Maximum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period               5 years      
Special Purpose Employee Service Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award conversion ratio                     1
Special Purpose Employee Service Awards | Minimum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period                     4 years
Special Purpose Employee Service Awards | Maximum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period                     6 years
Acquisition Service Awards | Angelo Gordon                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Number of shares available for grant (in shares) | shares         8,400,000            
Award vesting period         5 years            
Number of shares outstanding (in shares) | shares               6,000,000.0      
Acquisition Service Awards | Peppertree                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period   5 years                  
Granted (in shares) | shares   300,000                  
IPO Service Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period           5 years          
Granted (in shares) | shares           1,100,000          
Award service period           5 years          
Executive Service Awards | Chief Executive Officer                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period       4 years              
Granted (in shares) | shares       2,600,000              
Award service period       4 years              
Executive Service Awards | Chief Executive Officer | Type I                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Service Awards | Chief Executive Officer | Type II                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Service Awards | Chief Executive Officer | Type III                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Service Awards | Chief Executive Officer | Type IV                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Service Awards | Executive Chairmen                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period 4 years                    
Granted (in shares) | shares 300,000                    
Award service period 4 years                    
Executive Service Awards | Executive Chairmen | Type I                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Service Awards | Executive Chairmen | Type II                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Service Awards | Executive Chairmen | Type III                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Service Awards | Executive Chairmen | Type IV                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Market Condition Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares               500,000      
Unrecognized compensation expense               $ 41,600      
Weighted average remaining requisite service period               2 years 3 months 18 days      
Vested in period (in shares) | shares               200,000      
Compensation expense (reversal)               $ 32,200 $ 29,200    
IPO Market Condition Awards                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares           1,100,000          
Vested in period (in shares) | shares               200,000      
IPO Market Condition Awards | Type I                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award service period           5 years          
IPO Market Condition Awards | Type II                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Target common stock share price within five years (in usd per share) | $ / shares           $ 44.25     $ 44.25    
Target common stock share price within eight years (in usd per share) | $ / shares           $ 59.00          
Executive Market Condition Awards | Chief Executive Officer                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares       3,900,000              
Award service period       5 years              
Share-based compensation arrangement by share-based payment award, vesting condition trading period       30 days              
Executive Market Condition Awards | Chief Executive Officer | Type I                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Market Condition Awards | Chief Executive Officer | Type I | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage               20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares       $ 52.50              
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent       150.00%              
Executive Market Condition Awards | Chief Executive Officer | Type II                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Market Condition Awards | Chief Executive Officer | Type II | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage               20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares       $ 58.45              
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent       167.00%              
Executive Market Condition Awards | Chief Executive Officer | Type III                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Market Condition Awards | Chief Executive Officer | Type III | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage               20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares       $ 64.05              
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent       183.00%              
Executive Market Condition Awards | Chief Executive Officer | Type IV                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage       25.00%              
Executive Market Condition Awards | Chief Executive Officer | Type IV | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares       $ 70.00              
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent       200.00%              
Executive Market Condition Awards | Executive Chairmen                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Granted (in shares) | shares 500,000                    
Award service period 5 years                    
Share-based compensation arrangement by share-based payment award, vesting condition trading period 30 days                    
Executive Market Condition Awards | Executive Chairmen | Type I                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Market Condition Awards | Executive Chairmen | Type I | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares $ 90.98                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent 150.00%                    
Executive Market Condition Awards | Executive Chairmen | Type II                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Market Condition Awards | Executive Chairmen | Type II | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares $ 101.29                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent 167.00%                    
Executive Market Condition Awards | Executive Chairmen | Type III                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Market Condition Awards | Executive Chairmen | Type III | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares $ 110.99                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent 183.00%                    
Executive Market Condition Awards | Executive Chairmen | Type IV                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting percentage 25.00%                    
Executive Market Condition Awards | Executive Chairmen | Type IV | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares $ 121.30                    
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent 200.00%                    
Total Common Units and Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               $ 787,000      
Compensation expense (reversal)               228,200 $ 341,300 72,500  
Acquisition Common Units | Angelo Gordon                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period         5 years            
Granted (in shares) | shares         43,800,000            
Common Units | Peppertree                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period   5 years                  
Granted (in shares) | shares   5,400,000                  
Total TPH and RPH Units                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               418,700      
Compensation expense (reversal)               288,100 344,700 436,600  
TPH Units                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               $ 381,400      
Vested in period (in shares) | shares               8,600,000      
Compensation expense (reversal)               $ 253,800 289,600    
RPH Units                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation expense               $ 37,300      
Vested in period (in shares) | shares               100,000      
Compensation expense (reversal)               $ 34,300 55,100    
Other Liability-Classified Awards | Angelo Gordon                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award service period               5 years      
Compensation expense (reversal)               $ (67,700) 55,300 12,400  
Unrecognized compensation expense               $ 142,800      
Other Liability-Classified Awards | Peppertree                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award service period               5 years      
Compensation expense (reversal)               $ 23,300      
TRTX Award                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period               4 years      
Management fees and compensation and benefits expense               $ 8,300 $ 9,300 $ 7,200