Comprehensive analysis of Tax Receivable Agreements from SEC filings
| Company Name | TRA Liability (M$) | Covered Assets | TRA Parties | TRA Share % | Default Interest Rate | Pro Rata Payment | References | Notes | CIK | Filing Date | Form Type | Filing URL | Payment Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medline Inc. | $4,021.00 | Existing tax basis; basis adjustments; corporate tax attributes | Pre-IPO owners | 90% | balance of the TRA liability was $4,021 million; 90% of certain tax benefits; allocable share of existing tax basis; certain pre-IPO owners | ['TRA share is 90%.'] | 2,046,386 | 2026-05-06 | 10-Q | View Document | 90% | ||
| ZoomInfo Technologies Inc. | $2,730.40 | TRA holders | liability of $2,730.4 million; payments were made to TRA holders; refer to Note 15... 2025 Form 10-K | ['Remeasurement due to blended state tax rate'] | 1,794,515 | 2026-05-11 | 10-Q | View Document | |||||
| CARVANA CO. | $2,228.00 | Basis adjustments from exchanges; imputed interest | LLC Unitholders | 85% | recorded a TRA liability of $2.2 billion; basis adjustment relating to the assets; pay to the LLC Unitholders; pay to the LLC Unitholders 85%; deferred and will accrue interest until paid | ['Liability includes $1.7 billion due to related parties.'] | 1,690,820 | 2026-04-29 | 10-Q | View Document | 85% | ||
| Blackstone Inc. | $2,047.93 | Tangible and intangible assets of Blackstone Holdings | Predecessor owners, senior managing directors, certain non-controlling interest holders | 85% | Due to Certain Non-Controlling Interest Holders; tangible and intangible assets; predecessor owners; 85% of the amount of cash savings | [] | 1,393,818 | 2026-05-08 | 10-Q | View Document | 85% | ||
| BLUE OWL CAPITAL INC. | $1,612.60 | increases in tax basis of the assets | Registrant, Blue Owl Capital GP LLC, Blue Owl Holdings, Blue Owl Capital Carry LP, Partners | 85% | Total TRA Liability $1,612,609; increases in tax basis of the assets; pay 85% of certain tax benefits; Registrant, Blue Owl Capital GP LLC, Blue Owl Holdings | ['Liability includes fair value of contingent consideration.'] | 1,823,945 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Dutch Bros Inc. | $820.10 | certain tax attributes and benefits | Dutch Bros OpCo owners, Co-Founder, Sponsor | 85% | total TRAs-related liabilities were $820.1 million; certain tax attributes and benefits; Dutch Bros OpCo owners; 85% of the income tax benefits; Co-Founder and Sponsor | [] | 1,866,581 | 2026-05-06 | 10-Q | View Document | 85% | ||
| TPG Inc. | $782.20 | Increase in tax basis of investment in TPG Operating Group; Covered Tax Items | Beneficiaries, current and former employees and partners of TPG Partner Holdings, Related Parties, non-affiliates | 85% | liability... was $782.2 million; increase in the tax basis; current and former employees and partners; 85% of the applicable cash savings | ['Liability split between Related Parties and non-affiliates.'] | 1,880,661 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Apollo Global Management, Inc. | $778.00 | Section 754; increase in tax basis of assets | Former Managing Partners, Contributing Partners, Bridge TRA holders | 85% | Due to TRA holders $778; increases in tax basis of assets; Former Managing Partners and Contributing Partners; 85% of the amount of cash tax savings; interest is accrued on the balance | ['Includes Apollo and Bridge TRAs. No exchangeable units remain.'] | 1,858,681 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Core & Main, Inc. | $683.00 | tax attributes from exchanges of Partnership Interests | Clayton, Dublier & Rice (CD&R); Core & Main Management Feeder, LLC | 85% | payables to related parties... of $683 million; 85% of the tax benefits realized; stockholders affiliated with Clayton, Dublier & Rice; tax attributes... with future exchanges of Partnership Interests | ['Total liability includes $41 million current portion.', 'Two TRAs: Former and Continuing Limited Partners.'] | 1,856,525 | 2026-06-10 | 10-Q | View Document | 85% | ||
| Ares Management Corp | $581.70 | tangible and intangible assets, depreciation, amortization, TRA payments, interest accrued | Holders of AOG Units, TRA recipients | 85% | TRA liability balance was $581.7 million; increases in tax basis of tangible and intangible assets; payment to the TRA recipients of 85%; Holders of AOG Units; tax benefits attributable to payments under the TRA | ['Fifth Amended and Restated TRA dated February 24, 2026'] | 1,176,948 | 2026-05-08 | 10-Q | View Document | 85% | ||
| Alight, Inc. / Delaware | $509.00 | existing tax basis, tax basis adjustments, tax attributes | certain owners of Alight Holdings, TRA Party Representative | 85% | Ending balance as of March 31, 2026 509; tax basis adjustments from sales and exchanges; certain owners of Alight Holdings; 85% of any savings that we realize | ['Objection Notice received; potential $40M payment increase.'] | 1,809,104 | 2026-05-05 | 10-Q | View Document | 85% | ||
| RYAN SPECIALTY HOLDINGS, INC. | $460.80 | Exchange Tax Attributes (basis increases), Pre-IPO M&A Tax Attributes, remedial partnership tax allocations, TRA Payment Tax Attributes | Current and certain former LLC Unitholders | 85% | liabilities of $460.8 million; 85% of the net cash savings; current and certain former LLC Unitholders; increases in the tax basis; Pre-IPO M&A Tax Attributes; remedial partnership tax allocations; TRA Payment Tax Attributes | ['Liability is based on undiscounted estimated future payments.'] | 1,849,253 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Planet Fitness, Inc. | $415.80 | tax attributes of Holdings Units; imputed interest; tax attributes from TSG purchase | TRA Holders; owners of Pla-Fit Holdings, LLC; TSG Consumer Partners, LLC affiliates | 85% | liability of $415.8 million; tax attributes of their Holdings Units; tax benefits attributable to payments; affiliates of TSG Consumer Partners, LLC; 85% of the applicable tax savings | ['Company entered into two tax receivable agreements.'] | 1,637,207 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Nextpower Inc. | $393.20 | Existing tax basis in tangible and intangible assets; basis increases from exchanges/acquisitions; pre-existing tax attributes of blocker corporations; tax benefits from TRA payments. | Nextpower LLC, Yuma Inc., Yuma Subsidiary Inc., TPG Inc., TPG Rise Flash L.P., TPG Affiliates, Flex Ltd. (affiliate) | 85% | liability of $393.2 million; 85% of the tax benefits; existing tax basis; increases in tax basis; pre-existing tax attributes; Flex, TPG Rise Flash, L.P, and TPG Affiliates | ['Rights assigned to Flex affiliate; LLC partnership status terminated.'] | 1,852,131 | 2026-05-19 | 10-K | View Document | 85% | ||
| AEVEX Corp. | $373.20 | Basis increases from exchanges, existing tax basis, tax benefits from TRA payments | AEVEX Corp., Holdings LLC, TRA Rights Holders, Madison Dearborn Partners, LLC | 85% | required to pay approximately $373.2 million; 85% of certain tax savings; increases in the tax basis; existing tax basis; Company, Holdings LLC and the TRA Rights Holders | ['Liability estimate assumes all exchanges occur immediately.'] | 2,096,300 | 2026-05-20 | 10-Q | View Document | 85% | ||
| StepStone Group Inc. | $344.20 | Increases in tax basis; net operating losses; imputed interest; non-amortizable assets. | Class B limited partners; Class C limited partners; Class D limited partners; pre-IPO institutional investors. | 85% | Lesser of 6.5% and SOFR + 400bp | Pro rata | total Tax Receivable Agreements liability was $344.2 million; increases in tax basis; utilization of certain other tax benefits; Class B, Class C and Class D limited partners; 85% of the amount of the net cash tax savings; lesser of 6.5% and SOFR plus 400 basis points; make pro rata distributions... to make payments | ['Liability includes Exchanges TRA and Reorganization TRA.'] | 1,796,022 | 2026-05-27 | 10-K | View Document | 85% |
| Portillo's Inc. | $344.20 | Existing tax basis, NOLs, basis adjustments from exchanges | Pre-IPO LLC Members | 85% | obligation for future payments... totaled $344.2 million; payment by us of 85%; existing tax basis; net operating losses; pre-IPO LLC Members | ['Liability adjusted by $0.4 million due to remeasurement.'] | 1,871,509 | 2026-05-05 | 10-Q | View Document | 85% | ||
| Tradeweb Markets Inc. | $335.80 | Increases in tax basis of TWM LLC’s assets; tax benefits from TRA payments | TWM LLC and the Continuing LLC Owners | 50% | Not pro rata | liability... totaled $335.8 million; increases in the tax basis of TWM LLC’s assets; TWM LLC and the Continuing LLC Owners; equal to 50% of the amount; payment... to a Continuing LLC Owner | ['TRA share percentage is 50%.'] | 1,758,730 | 2026-04-29 | 10-Q | View Document | 50% | |
| KKR & Co. Inc. | $335.10 | exchanges of KKR Holdings equity | KKR Holdings, Current and Former Employees | undiscounted payable of $335.1 million; exchanges of KKR Holdings equity; Current and Former Employees; KKR Holdings | ['TRA terminated May 2022 except for prior exchanges.'] | 1,404,912 | 2026-05-08 | 10-Q | View Document | ||||
| Brighthouse Financial, Inc. | $328.00 | MetLife, Inc. | payable to MetLife of $328 million; Tax Receivables Agreement with MetLife; accelerated upon closing of the Merger | ['Payable accelerated upon closing of the Merger.'] | 1,685,040 | 2026-05-07 | 10-Q | View Document | |||||
| Interactive Brokers Group, Inc. | $310.00 | Tax basis increases | IBG, Inc., Holdings, former members of IBG LLC | 85% | payables to Holdings... were $618 million; paid Holdings a cumulative total of $308 million; result of tax basis increases; 85% of the tax savings | ['Liability calculated from cumulative payables less cumulative payments.'] | 1,381,197 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Artisan Partners Asset Management Inc. | $305.20 | Preferred units merger attributes, partnership unit step-up, imputed interest, depreciation, amortization | Pre-H&F Corp Merger Shareholder, current or former limited partners of Holdings | 85% | liability as of March 31, 2026; 85% of the applicable cash savings; Pre-H&F Corp Merger Shareholder; current or former limited partners of Holdings; tax attributes of the preferred units; partnership units sold to APAM or exchanged | ['Company entered into two separate TRAs.'] | 1,517,302 | 2026-05-04 | 10-Q | View Document | 85% | ||
| FLEX LTD. | $300.00 | tax benefits realized in relation to the IPO | Nextracker, Flex, and TPG | 85% | 85% of the tax benefits realized; Flex and TPG; range from zero to approximately $300 million; tax benefits realized in relation to the IPO | ["Flex is the beneficiary; 300M is Flex's potential share."] | 866,374 | 2026-05-20 | 10-K | View Document | 85% | ||
| GPGI, Inc. | $293.30 | increase in the tax basis | GPGI Holdings and holders of interests therein | 90% | Total payments $293.3; increase in the tax basis; GPGI Holdings and holders of interests therein; obligated to make payments of 90%; unpaid amounts... will accrue interest | ['TRA share percentage is 90%.'] | 1,823,144 | 2026-05-07 | 10-Q | View Document | 90% | ||
| Moelis & Co | $269.30 | Tax basis of Group LP's tangible and intangible assets; imputed interest | Eligible Managing Directors; certain partners of Group LP | 85% | total payable of $269.3 million; tax basis of the tangible and intangible assets; eligible Managing Directors; 85% of the amount of cash savings; tax benefits related to imputed interest | [] | 1,596,967 | 2026-04-30 | 10-Q | View Document | 85% | ||
| Cactus, Inc. | $264.80 | tax basis subject to the TRA | direct and indirect owners of Cactus LLC | 85% | total liability from the TRA was $264.8 million; tax basis subject to the TRA; direct and indirect owners of Cactus LLC; 85% of the net cash savings; accrue interest from the due date | ['Liability revalued due to changes in state tax rate.'] | 1,699,136 | 2026-05-08 | 10-Q | View Document | 85% | ||
| Clear Secure, Inc. | $252.45 | increase in tax basis in Alclear’s assets; imputed interest | remaining members of Alclear; Alclear Members | 85% | recorded a tax receivable agreement liability of $252,452; increase in tax basis in Alclear’s assets; remaining members of Alclear; 85% of the net cash savings; tax benefits related to imputed interest | [] | 1,856,314 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Stagwell Inc | $252.39 | Tax basis increases in OpCo assets; TRA payments | Stagwell Media | 85% | Tax Receivable Agreement liability (1) $252,390; increases in the tax basis of the assets; make cash payments to Stagwell Media; equal to 85% of certain... tax savings | ['All Paired Units exchanged for Class A Shares.'] | 876,883 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Shift4 Payments, Inc. | $247.00 | Shift4 Payments, Inc., Rook Holdings Inc., Jared Isaacman | TRA liability was $247 million; assignment and waiver of Rook’s rights; Rook Holdings Inc.; Jared Isaacman; taxable exchange | ['Rook assigned and waived TRA rights to Company.', 'Up-C structure collapsed via taxable exchange.'] | 1,794,669 | 2026-05-07 | 10-Q | View Document | |||||
| Shake Shack Inc. | $246.01 | SSE Holdings tax basis increases from redemptions or exchanges, TRA payment basis increases, and imputed interest deductions. | Non-controlling members of SSE Holdings | 85% | obligations totaled $246.0 million; 85% of any tax benefits; increases in the Company's share of tax basis; non-controlling members of SSE Holdings | ['Payments not conditioned upon continued ownership interest.'] | 1,620,533 | 2026-05-07 | 10-Q | View Document | 85% | ||
| European Wax Center, Inc. | $243.60 | Existing tax basis; basis adjustments; Blocker tax attributes; TRA payment tax benefits | EWC Ventures Pre-IPO Members | 85% | Lesser of 6.5% or one year SOFR + 100bp | aggregate to approximately $243.6 million; 85% of the benefits; existing tax basis of EWC Ventures; EWC Ventures Pre-IPO Members; lesser of 6.5% and SOFR plus 100bp | ['Liability estimate based on $6.53 share price.'] | 1,856,236 | 2026-04-27 | 10-K/A | View Document | 85% | |
| AdaptHealth Corp. | $238.90 | Pre-Business Combination tax attributes, basis increases from exchanges, imputed interest, basis increases from TRA payments | Current and former members of AdaptHealth Holdings LLC | 85% | liability relating to the TRA was $238.9 million; payment by AdaptHealth Corp. of 85%; tax attributes of the corresponding sellers; increases in tax basis resulting from exchanges; imputed interest deemed to be paid; increases in tax basis resulting from payments; current and former members of AdaptHealth Holdings LLC | ['Liability decreased from $265.7M to $238.9M.'] | 1,725,255 | 2026-05-05 | 10-Q | View Document | 85% | ||
| Hamilton Lane INC | $235.40 | Tax basis of tangible and intangible assets; items of loss specially allocated; tax benefits from TRA payments. | Pre-IPO members of HLA; exchanging HLA unitholders (TRA Recipients). | 85% | liability of $235.4 million; increases in tax basis; pre-IPO members of HLA; pay them 85% of the amount; interest accrued from the due date | ['Liability may increase if valuation allowance is released.'] | 1,433,642 | 2026-05-21 | 10-K | View Document | 85% | ||
| WaterBridge Infrastructure LLC | $218.50 | Tax basis increases, existing tax basis, NOLs, interest expense carryforwards, imputed interest | OpCo, TRA Holders, Elda River Infrastructure WB LLC | 85% | TRA liability balance of $218.5 million; 85% of the net cash savings; tax basis increases resulting from the exchange; existing tax basis of assets of OpCo; NOLs and interest expense carryforwards; TRA with OpCo and the TRA Holders | ['Liability includes NOLs from WB 892 LLC.'] | 2,064,947 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Legence Corp. | $217.00 | Existing tax basis, blocker tax attributes, basis increases from exchanges, TRA payment benefits | Legence Parent, Legence Parent II | 85% | current and long-term TRA liability is $8.2 million; allocable share of existing tax basis; tax attributes of the blocker entities; increases in tax basis resulting from future redemptions; Legence Parent and Legence Parent II; 85% of the net cash tax savings | ["Liability increased $9.8 million from underwriters' overallotment exercise."] | 2,052,568 | 2026-05-14 | 10-Q | View Document | 85% | ||
| Legence Corp. | $207.40 | Existing tax basis, Blocker Entity tax attributes, Basis Adjustments, TRA payment tax benefits | Legence Parent, Legence Parent II, Legacy Owners | 85% | SOFR + 100bp | total undiscounted TRA liability... is $207.4 million; allocable share of existing tax basis; tax attributes of the Blocker Entities; Basis Adjustments; benefits arising from payments under the TRA; TRA with Legence Parent and Legence Parent II; 85% of the net cash savings; SOFR plus 100 basis points | ['Early termination payment estimated at $545 million.', 'Liability is undiscounted.'] | 2,052,568 | 2026-03-30 | 10-K | View Document | 85% | |
| Forgent Power Solutions, Inc. | $207.30 | Opco LLC Interests basis, Blocker NOLs, Blocker tax basis, existing tax basis, basis adjustments from exchanges | Forgent Parent I LP, Forgent Parent II LP, Forgent Parent III LP, Forgent Parent IV LP | 85% | total amount due was $207.3 million; 85% of the amount of tax savings; allocable share of tax basis; net operating losses; Forgent Parent I LP, Forgent Parent II LP | ['Liability recognized based on probable future taxable income.'] | 2,080,126 | 2026-05-14 | 10-Q | View Document | 85% | ||
| European Wax Center, Inc. | $201.98 | existing tax basis of tangible and intangible assets | EWC Ventures pre-IPO members | 85% | Tax receivable agreement liability, net of current portion; existing tax basis of tangible and intangible assets; EWC Ventures pre-IPO members; 85% of the applicable cash tax savings; accrue interest until paid | ['Liability includes current portion of $8.7M.'] | 1,856,236 | 2026-05-13 | 10-Q | View Document | 85% | ||
| Repay Holdings Corp | $191.80 | Tax basis increases in Hawk Parent, TRA payment basis, imputed interest | Holders of Post-Merger Repay Units, selling Hawk Parent members | 100% | risk-free rate plus a spread | liability of $191.8 million; increases in its share of the tax basis; holders of Post-Merger Repay Units; 100% of the amount of any tax benefits; risk-free rate plus a spread | ['Company pays 100% of realized tax benefits.'] | 1,720,592 | 2026-05-04 | 10-Q | View Document | 100% | |
| Five Point Holdings, LLC | $181.90 | certain tax attributes; California net operating loss deductions | holders of Class A Common Units of the Operating Company; holders of Class A units of the San Francisco Venture; prior holders | 85% | liabilities of $181.9 million; certain tax attributes; 85% of the cash savings; holders of Class A Common Units | ['California SB 167 suspends NOL usage through 2026.'] | 1,574,197 | 2026-04-24 | 10-Q | View Document | 85% | ||
| SOLV Energy, Inc. | $172.34 | Existing tax basis; NOLs; tax basis adjustments; interest deductions | SOLV Energy, Inc.; SOLV Energy Holdings LLC; Continuing Equity Owners; Blocker Shareholders | 85% | Tax receivable agreement 172,344; 85% of the tax benefits; allocable share of existing tax basis; utilization of certain tax attributes; Continuing Equity Owners, the Blocker Shareholders; accrue interest until paid | ['Liability recorded in connection with IPO and Transactions.'] | 2,065,636 | 2026-05-13 | 10-Q | View Document | 85% | ||
| Goosehead Insurance, Inc. | $171.90 | Tax basis increases in tangible and intangible assets; imputed interest | Pre-IPO LLC Members | 85% | total amount of TRA Payments... was $171.9 million; increase in tax basis in GSHD's assets; TRA with the Pre-IPO LLC Members; 85% of the amount of cash savings | ['TRA liability is $171.9 million as of 03/31/2026.'] | 1,726,978 | 2026-04-23 | 10-Q | View Document | 85% | ||
| PBF Energy Inc. | $168.20 | Increases in tax basis from unit exchanges; tax benefits from TRA payments | PBF LLC Series A and PBF LLC Series B unitholders | 85% | liability of $168.2 million; 85% of the amount of the benefits; PBF LLC Series A and PBF LLC Series B unitholders; increases in tax basis; purchases or exchanges of PBF LLC Series A Units | ['Liability reflects undiscounted amounts net of valuation allowances.'] | 1,534,504 | 2026-04-30 | 10-Q | View Document | 85% | ||
| Virtu Financial, Inc. | $166.50 | Increase to tax basis, intangible assets, NOLs, other tax attributes | Direct or indirect equity holders, Virtu Members | 85% | liabilities... were approximately $166.5 million; increase to the tax basis; intangible assets; NOLs; direct or indirect equity holders; 85% of the applicable cash tax savings | ['Payments expected range $0.3M to $22.5M annually.'] | 1,592,386 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Rithm Capital Corp. | $165.40 | Taxable acquisitions of Sculptor operating partnership units; net operating losses. | Sculptor; TRA Holders. | carrying value... was $165.4 million; taxable acquisitions... of Sculptor operating partnership units; net operating losses; Sculptor; TRA Holders | ['Payments calculated without regard to actual tax savings.'] | 1,556,593 | 2026-05-04 | 10-Q | View Document | ||||
| OLAPLEX HOLDINGS, INC. | $165.10 | Amortization of intangible assets and capitalized transaction costs | Pre-IPO Stockholders | 85% | 85% of the cash savings; Pre-IPO Stockholders; amortization of intangible assets; capitalized transaction costs; aggregate to $165.1 million | ['TRA may terminate upon merger with Henkel.'] | 1,868,726 | 2026-05-11 | 10-Q | View Document | 85% | ||
| Galaxy Digital Inc. | $149.40 | Increases in tax basis in GDH LP’s assets; imputed interest | Holders of Class B Units in GDH LP; present and former limited partners | 85% | $149.4 million as of March 31, 2026; 85% of the cash savings; increases in tax basis; holders of Class B Units in GDH LP | ['Amended and restated on May 13, 2025.'] | 1,859,392 | 2026-05-08 | 10-Q | View Document | 85% | ||
| Baldwin Insurance Group, Inc. | $144.60 | increase in tax basis in Baldwin Holdings assets; imputed interest | Baldwin Holdings’ LLC Members | 85% | Tax Receivable Agreement liabilities of $144.6 million; increase in tax basis in Baldwin Holdings assets; Baldwin Holdings’ LLC Members; 85% of the amount of cash savings | ['Liability recorded after concluding tax benefits are realizable.', 'Liability based on undiscounted estimated future payments.'] | 1,781,755 | 2026-05-04 | 10-Q | View Document | 85% | ||
| SUJA LIFE, INC. | $143.90 | unit exchanges, pre-IPO tax attributes, imputed interest, depreciable/amortizable basis | continuing equity owners and blocker shareholders (TRA Participants) | 85% | estimated total payments of approximately $143.9 million; 85% of the amount of cash tax savings; continuing equity owners and blocker shareholders; unit exchanges in Holdings LP; pre-IPO tax attributes acquired | [] | 1,934,114 | 2026-06-09 | 10-Q | View Document | 85% | ||
| Rush Street Interactive, Inc. | $133.40 | Increase in tax basis, Business Combination tax benefits, exchange of Retained RSILP Units, TRA payment tax benefits | Special Limited Partner | 85% | recognized a TRA liability of $133.4 million; increase in tax basis; exchange of Retained RSILP Units; pay 85% of certain net tax benefits; Special Limited Partner entered into the TRA | ['Liability increased due to RSILP Unit exchanges.'] | 1,793,659 | 2026-04-29 | 10-Q | View Document | 85% | ||
| Driven Brands Holdings Inc. | $129.00 | Depreciation and amortization from intangible asset tax basis | Principal Stockholders, senior management team, pre-IPO shareholders | 85% | SOFR + 5.0% | 85% of the amount of cash savings; SOFR plus an applicable term adjustment plus 5%; current tax receivable agreement payable of $56 million; non-current tax receivable agreement payable of $73 million; depreciation and amortization deductions; tax basis in intangible assets | ['Portion of 2024 payment determined to be pre-payment.'] | 1,804,745 | 2026-05-19 | 10-K | View Document | 85% | |
| MediaAlpha, Inc. | $123.40 | Tax basis in net assets of QLH, NOLs, imputed interest | Insignia, Senior Executives, White Mountains | 85% | recorded a liability of $123.4 million; tax basis in the net assets; net operating losses of Intermediate Holdco; Insignia, Senior Executives, and White Mountains; 85% of the amount of any tax benefits; replace the LIBOR with the SOFR | ['TRA amended Oct 2023 to replace LIBOR with SOFR.'] | 1,818,383 | 2026-04-29 | 10-Q | View Document | 85% | ||
| Nerdy Inc. | $118.24 | Tax basis increases (recapitalization, redemptions), imputed interest, and additional basis | Legacy Nerdy Holders | 85% | not recognized a liability of $118,238; 85% of the net cash savings; certain Legacy Nerdy Holders; certain increases in tax basis; imputed interest | ['Liability not recognized as payment not probable.'] | 1,819,404 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Xponential Fitness, Inc. | $116.53 | NOLs, existing tax basis, tax basis adjustments, imputed interest | H&W Investco Blocker II, LP; Continuing Pre-IPO LLC Members | 85% | LIBOR + 100bp | 85% of the amount of cash savings; LIBOR plus 100 basis points; net operating losses; existing tax basis; tax basis adjustments; imputed interest; H&W Investco Blocker II, LP; Continuing Pre-IPO LLC Members | ['Liability not recorded due to full valuation allowance.'] | 1,802,156 | 2026-05-08 | 10-Q | View Document | 85% | |
| Brookfield Asset Management Ltd. | $116.00 | tax attributes purchased from a related party | Oaktree | payable under a tax receivable agreement with Oaktree; for $116 million as of March 31, 2026; tax attributes purchased from a related party | [] | 1,937,926 | 2026-05-08 | 10-Q | View Document | ||||
| loanDepot, Inc. | $111.00 | tax basis of loanDepot, Inc.’s investment in LD Holdings | Parthenon Stockholders and certain Continuing LLC Members | recognized a TRA liability of $111.0 million; tax basis of loanDepot, Inc.’s investment in LD Holdings; Parthenon Stockholders and certain Continuing LLC Members | ['No payments made during three months ended March 31, 2026'] | 1,831,631 | 2026-05-07 | 10-Q | View Document | ||||
| Evolent Health, Inc. | $108.90 | increases in tax basis from Class B exchanges; pre-IPO NOLs | certain of its investors | 85% | TRA liability of $108.9 million; increases in our tax basis; utilization of pre-IPO NOLs; 85% of the amount of the tax benefits; certain of its investors | ['Liability relates to 2015 Offering Reorganization.'] | 1,628,908 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Driven Brands Holdings Inc. | $108.27 | Pre-IPO and IPO-Related Tax Benefits | Pre-IPO shareholders | 85% | SOFR plus an applicable term adjustment plus 5.0% | current... payable of $35 million; non-current... payable of $73 million; Pre-IPO and IPO-Related Tax Benefits; Company’s pre-IPO shareholders; 85% of the amount of cash savings; SOFR plus... term adjustment plus 5.0% | [] | 1,804,745 | 2026-06-11 | 10-Q | View Document | 85% | |
| Perella Weinberg Partners | $94.00 | Exchange of interests in PWP OpCo; payments made under the tax receivable agreement; step-up in tax basis | PWP OpCo, Professional Partners and Investor Limited Partners | 85% | liability of $94.0 million; exchange of interests in PWP OpCo; payments made under the tax receivable agreement; PWP OpCo, Professional Partners and Investor Limited Partners; 85% of the amount of cash savings | [] | 1,777,835 | 2026-05-01 | 10-Q | View Document | 85% | ||
| Flowco Holdings Inc. | $92.40 | Basis Adjustments, Section 704(c) Allocations, interest deductions, existing tax basis | Continuing Equity Owners, TRA Participants | 85% | total amount due under TRA was $92.4 million; 85% of certain tax benefits; Basis Adjustments, Section 704(c) Allocations, and interest deductions; Continuing Equity Owners; TRA Participants | ['Liability increased due to 12,041,729 Common Unit Conversions.'] | 2,035,149 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Sun Country Airlines Holdings, Inc. | $87.17 | Pre-IPO Tax Attributes including net operating loss carryforwards | Pre-IPO stockholders, including management and Board of Directors | 85% | aggregate to approximately $87,169; Pre-IPO Tax Attributes... include net operating loss carryforwards; pre-IPO stockholders... management and... Board of Directors; 85% of the amount of cash savings; deferred and will accrue interest until paid | ['Liability amount likely reported in thousands.'] | 1,743,907 | 2026-04-30 | 10-K/A | View Document | 85% | ||
| Sun Country Airlines Holdings, Inc. | $87.14 | Pre-IPO Tax Attributes | pre-IPO stockholders, Company's management, Board of Directors | TRA balance as of March 31, 2026... $87,137; attributes that existed at the time of IPO; pre-IPO stockholders (the 'TRA holders'); Merger Agreement with Allegiant, TRA will terminate | ['TRA terminates and settles upon Allegiant merger.'] | 1,743,907 | 2026-05-01 | 10-Q | View Document | ||||
| ProFrac Holding Corp. | $86.60 | Tax receivable agreement liability 82.0; Tax receivable agreement obligation 4.6; $86.6 million of estimated tax receivable agreement obligations; realizes actual cash tax savings | ['Total liability includes $4.6 million current portion.'] | 1,881,487 | 2026-05-08 | 10-Q | View Document | ||||||
| Solaris Energy Infrastructure, Inc. | $75.00 | Increases in tax basis, imputed interest, additional tax basis from TRA payments | Other then-existing members of Solaris LLC | 85% | Pro rata | liability under the TRA was $75.0 million; increases in tax basis; tax benefits attributable to imputed interest; other then-existing members of Solaris LLC; representing 85% of the net cash savings; distribute cash pro rata to each | ['TRA was amended on June 27, 2023.'] | 1,697,500 | 2026-05-01 | 10-Q | View Document | 85% | |
| Liberty Energy Inc. | $66.90 | Increases in tax basis, net operating losses, imputed interest | R/C Energy IV Direct Partnership, L.P., TRA Holders | 85% | liability under the TRAs was $66.9 million; 85% of the net cash savings; increases in tax basis; net operating losses; imputed interest; R/C Energy IV Direct Partnership, L.P. | 1,694,028 | 2026-04-23 | 10-Q | View Document | 85% | |||
| Carlyle Group Inc. | $64.10 | increases in tax basis resulting from exchanges | limited partners of the Carlyle Holdings partnerships | 85% | Amounts owed under the tax receivable agreement; 85% of the amount of cash tax savings; increases in tax basis resulting from exchanges; limited partners of the Carlyle Holdings partnerships; obligations pre-existing at the time of Conversion | Rights limited to pre-Conversion exchanges after Conversion. | 1,527,166 | 2026-05-08 | 10-Q | View Document | 85% | ||
| Excelerate Energy, Inc. | $58.81 | Increases in tax basis from exchanges, existing tax basis, assets purchased from Foundation, TRA payment tax benefits | EE Holdings and the Foundation | 85% | TRA liability 51,122; Current portion of TRA liability 7,685; 85% of the net cash tax savings; EE Holdings and the Foundation; increases in the tax basis of assets; existing tax basis of assets | ['Liability includes current and long-term portions.'] | 1,888,447 | 2026-05-07 | 10-Q | View Document | 85% | ||
| GCM Grosvenor Inc. | $54.60 | increases in the tax basis in assets | TRA Parties, limited partners of GCMH | 85% | amount payable... was $54.6 million; increases in the tax basis; pay 85% of the amount; limited partners of GCMH | [] | 1,819,796 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Lazard, Inc. | $46.83 | increases in the tax basis of certain assets | Lazard and LTBP Trust | 45% and 85% | Pro rata | cumulative liability... March 31, 2026... $46,832; increases in the tax basis of certain assets; Lazard and LTBP Trust; approximately 45% of... cash savings; distributed pro rata to the owners | ['Term ends 2033; unique 45% and 85% tiers.'] | 1,311,370 | 2026-05-04 | 10-Q | View Document | 45% and 85% | |
| VERRA MOBILITY Corp | $43.67 | Tax receivable agreement liability, current portion 5,257; Tax receivable agreement liability, net of current portion | [] | 1,682,745 | 2026-05-06 | 10-Q | View Document | ||||||
| Select Water Solutions, Inc. | $43.40 | Increases in tax basis, imputed interest, net operating losses (NOLs) | Legacy Owner Holdco, Crestview Partners II GP, L.P., affiliate of Legacy Owner Holdco and Crestview GP | 85% | 12-month term SOFR + 171.513 basis points | liability associated with the TRAs... $43.4 million; 85% of the net cash savings; certain increases in tax basis; net operating losses (“NOLs”); imputed interest deemed to be paid; 12-month term SOFR... plus 171.513 basis points | ['OBBBA enacted July 2025 defers TRA payment timing.'] | 1,693,256 | 2026-05-06 | 10-Q | View Document | 85% | |
| Black Rock Coffee Bar, Inc. | $42.53 | Basis Adjustments and certain tax benefits (interest deductions) | Black Rock OpCo, Continuing Equity Owners, TRA Parties | 85% | liability of approximately $42.5 million; Basis Adjustments and certain tax benefits; Black Rock OpCo and the TRA Parties; 85% of the amount of tax benefits | ['Liability increased $3.3 million due to unit exchanges.'] | 2,068,577 | 2026-05-13 | 10-Q | View Document | 85% | ||
| MALIBU BOATS, INC. | $39.60 | Increases in tax basis of LLC's tangible and intangible assets; Section 754 election | Pre-IPO owners of the LLC (or their permitted assignees) | 85% | Ending balance $39,332; 85% of the amount of the benefits; increases in tax basis; Section 754 election; pre-IPO owners of the LLC | ['Liability determined on an undiscounted basis.', 'Liability adjusted for OB3 tax reform changes.'] | 1,590,976 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Cardinal Infrastructure Group Inc. | $39.42 | Tax basis step-up (743(b), 197), NOLs, interest deductions | Cardinal Civil Contracting Holdings LLC, Diamond Interests Group LLC, Erik West, Mike Rowe, Jeremy Spivey | 85% | SOFR + 100bp | liability... totaled $39,423,529; tax basis step-up in OpCo's assets; 85% of the net cash tax savings; SOFR plus 100 basis points; Continuing Equity Holders; Sections 743(b) and 197 | ['Company also entered into a Tax Benefit Agreement.'] | 2,079,999 | 2026-05-13 | 10-Q | View Document | 85% | |
| Hagerty, Inc. | $38.30 | Increases in tax basis; Section 754 adjustments; imputed interest; deductions from basis increase amortization | Legacy Unit Holders (Hagerty Holding Corp. and Markel) | 85% | TRA Liability was $38.3 million; increases in tax basis; Section 754 of the IRC; Legacy Unit Holders; 85% of the... cash tax savings realized | ['Liability decreased from $39.8M to $38.3M.', 'Paid $1.5 million to Legacy Unit Holders.'] | 1,840,776 | 2026-05-06 | 10-Q | View Document | 85% | ||
| OneWater Marine Inc. | $37.50 | increases in tax basis; imputed interest | certain owners of OneWater LLC; TRA Holders | 85% | undiscounted liability... was $37.5 million; increases in tax basis; tax benefits attributable to imputed interest; certain of the owners of OneWater LLC; 85% of the calculated net cash savings; deferred payments... will accrue interest | ['Liability is undiscounted. Note 17 mentions $33.5 million.'] | 1,772,921 | 2026-05-04 | 10-Q | View Document | 85% | ||
| National CineMedia, Inc. | $35.70 | unpaid integration payments, Common Unit Adjustment Agreement | Cinemark, AMC | Payable under the TRA 2.9; Payable under the TRA 32.8; TRA payments to Cinemark; no longer... TRA payments to AMC; released $24.8 million of the 'Payable under the TRA' | ['AMC TRA obligation terminated in 2025.'] | 1,377,630 | 2026-05-12 | 10-Q | View Document | ||||
| OppFi Inc. | $35.05 | tax basis 'step-up' from Corporate Simplification and exchanges | OppFi Inc., OppFi-LLC, Members | Tax receivable agreement liability 35,046; tax basis 'step-up' triggered by the Corporate Simplification; Company, OppFi-LLC and the other persons named therein; aggregate early termination payment of approximately $40.8 million | ['TRA amended and terminated in April 2026.'] | 1,818,502 | 2026-05-07 | 10-Q | View Document | ||||
| PJT Partners Inc. | $34.60 | increases in tax basis related to exchanges; tax benefits from TRA payments | holders of Partnership Units (other than PJT Partners Inc.) | 85% | contractual obligations of $34.6 million; increases in tax basis related to such exchanges; holders of Partnership Units; 85% of the benefits | [] | 1,626,115 | 2026-04-30 | 10-Q | View Document | 85% | ||
| i3 Verticals, Inc. | $32.40 | increase in tax basis; imputed interest | i3 Verticals, LLC; Continuing Equity Owners | 85% | total amount due... was $32.4 million; increase in tax basis associated with Common Units; i3 Verticals, LLC and Continuing Equity Owners; represents 85% of estimated future tax benefits | ['Payments expected over the next 22 years.'] | 1,728,688 | 2026-05-08 | 10-Q | View Document | 85% | ||
| AlTi Global, Inc. | $30.60 | increase in tax basis of the assets | TWMH Members, TIG GP Members, TIG MGMT Members | 85% | liability associated with the TRA was approximately $30.6 million; increase in tax basis of the assets; TWMH Members, TIG GP Members, and TIG MGMT Members; 85% of certain tax benefits | ['Portion of liability carried at fair value.'] | 1,838,615 | 2026-05-11 | 10-Q | View Document | 85% | ||
| FORWARD AIR CORP | $28.25 | Tax attributes as of the date of exchanges | certain Omni Holders | liability of $10,580; total estimated payable of $17,675; tax attributes as of the date of exchanges; certain Omni Holders | ['Liability includes $10.58M contingent consideration and $17.675M payable.'] | 912,728 | 2026-05-11 | 10-Q | View Document | ||||
| AlTi Global, Inc. | $25.70 | increase in tax basis of Umbrella assets | TWMH Members, TIG GP Members, TIG MGMT Members | 85% | liability associated with the TRA was $25.7 million; increase in tax basis of Umbrella assets; TWMH Members, TIG GP Members, TIG MGMT Members; 85% of certain tax benefits | ['TRA liability includes $8.8 million at fair value.'] | 1,838,615 | 2026-03-31 | 10-K | View Document | 85% | ||
| PennyMac Financial Services, Inc. | $24.80 | increases in tax basis of PNMAC’s assets; tax benefits attributable to payments under the TRA | certain former owners of PNMAC; PNMAC’s exchanged unitholders | 85% | $24.8 million Payable to exchanged... unitholders; increases in tax basis of PNMAC’s assets; certain former owners of PNMAC; 85% of the amount of net tax benefits | ['No payments made during quarter ended March 31, 2026.'] | 1,745,916 | 2026-05-05 | 10-Q | View Document | 85% | ||
| Utz Brands, Inc. | $23.70 | Tax basis in UBH net assets; Kennedy Endeavors amortization | Noncontrolling Interest Holders | 85% | liability of $23.7 million; 85% of the amount of any tax benefits; increases in the share of the tax basis; Noncontrolling Interest Holders; tax amortization deductions attributable to Kennedy Endeavors | ['TRA includes tax amortization from Kennedy Endeavors acquisition.'] | 1,739,566 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Red Rock Resorts, Inc. | $19.41 | Section 754 step-up, outside basis difference, NOLs | Owners of LLC Units, Fertitta Family Entities | 85% | liability under the TRA was $19.4 million; step-up in the basis... under Section 754; 85% of the tax benefits realized; Payments not made... generally accrue interest | ['Fertitta Family Entities are significant TRA participants.'] | 1,653,653 | 2026-05-07 | 10-Q | View Document | 85% | ||
| RMR GROUP INC. | $18.48 | increases in tax basis; imputed interest | RMR Inc., ABP Trust | 85.0% | liability related to tax receivable agreement of $18,478; increases in tax basis attributable to RMR Inc.’s dealings; tax benefits related to imputed interest; 85.0% of the amount of cash savings | ['Liability includes $2.552 million current portion.'] | 1,644,378 | 2026-05-06 | 10-Q | View Document | 85.0% | ||
| NEWMARK GROUP, INC. | $17.51 | tax basis of the tangible and intangible assets | Newmark, Cantor | 85% | liability to Cantor of $17.5 million; tax basis of the tangible and intangible assets; Newmark entered with Cantor; 85% of the amount of cash savings | ['Offsetting tax receivable of $19.5 million in assets.'] | 1,690,680 | 2026-05-08 | 10-Q | View Document | 85% | ||
| NEWMARK GROUP, INC. | $17.50 | Tax basis of tangible and intangible assets; tax benefits from TRA payments | Cantor, Newmark | 85% | $17.5 million liability to Cantor; tax basis of the tangible and intangible assets; Cantor and Newmark entered into a tax receivable agreement; payment by us to Cantor of 85% | ['20% of each payment deposited into escrow account.'] | 1,690,680 | 2026-04-30 | 10-K/A | View Document | 85% | ||
| Amneal Pharmaceuticals, Inc. | $16.30 | realized tax benefits | Members | 75% | Total $16,323; realized tax benefits subject to the TRA; Members - tax receivable agreement; 75% of such realized benefits | ['Amended to 75%; $131.4M unrecorded contingent liability.'] | 1,723,128 | 2026-05-07 | 10-Q | View Document | 75% | ||
| Arxis, Inc. | $16.00 | compensation deduction from transfer of convertible common stock | Arcline Arxis Advisory I, L.P. | 85% | total liability... is approximately $16,000; compensation deduction... transfer of the convertible common stock; Arcline Arxis Advisory I, L.P.; 85% of the anticipated cash tax savings | ['TRA linked to compensation deduction from stock transfer'] | 2,093,536 | 2026-05-28 | 10-Q | View Document | 85% | ||
| Definitive Healthcare Corp. | $13.00 | Tax basis adjustments, net operating losses, tangible and intangible assets, TRA payments | Pre-IPO LLC Unit holders, former Blocker Company shareholders | 85% | liability under the TRA of $13.0 million; 85% of the amount of cash savings; tax basis adjustments; net operating losses; pre-IPO holders of LLC Units; former shareholders of certain Blocker Companies; deferred and will accrue interest until paid | ['Liability decreased due to goodwill impairment remeasurement.'] | 1,861,795 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Viant Technology Inc. | $12.50 | tax basis step-ups, imputed interest, intangible assets | Viant Technology LLC, continuing members, TRA Representative | 85% | total TRA liability... was $12.5 million; 85% of the net cash tax savings; tax basis step-ups; imputed interest; intangible assets; Viant Technology LLC, continuing members; TRA Representative | [] | 1,828,791 | 2026-05-11 | 10-Q | View Document | 85% | ||
| P3 Health Partners Inc. | $12.40 | Tax basis increases from redemptions, exchanges, TRA payments, and imputed interest | P3 LLC and the members of P3 LLC | 85% | TRA liability is estimated to be $12.4 million; increases in our share of the tax basis; P3 LLC and the members of P3 LLC; payment by us of 85% of the amount | ['No liability recorded as payments are not probable.'] | 1,832,511 | 2026-05-14 | 10-Q | View Document | 85% | ||
| Smith Douglas Homes Corp. | $9.40 | Basis Adjustments, Section 704(c) Allocations, interest deductions, 743(b), 197 | Smith Douglas Homes Corp., Smith Douglas Holdings LLC, Continuing Equity Owners | 85% | TRA liability of $9.4 million; 85% of certain tax benefits; Basis Adjustments, Section 704(c) Allocations, interest deductions; Smith Douglas Homes Corp. and Continuing Equity Owners | ['Company made payments totaling $0.5 million in 2026.'] | 1,982,518 | 2026-04-30 | 10-Q | View Document | 85% | ||
| Silvercrest Asset Management Group Inc. | $9.33 | Increases in tax basis of tangible and intangible assets; tax benefits from TRA payments; exchanges of Class B for Class A shares | SLP Partners; current principals of Silvercrest L.P.; future employee-holders of Class B units | 85% | liability is estimated to be $9,333; increases in tax basis; tangible and intangible assets of SLP; pay the SLP Partners 85%; partners of SLP | ['TRA terminates if partner fired for cause', 'Terminates if partner competes within 12 months'] | 1,549,966 | 2026-05-11 | 10-Q | View Document | 85% | ||
| Array Technologies, Inc. | $5.80 | increase in the tax value of the developed technology | former majority stockholder of Array Tech, Inc. | fair value of the TRA was $5.8 million; increase in tax value of developed technology; former majority stockholder of Array Tech, Inc.; accounted for as contingent consideration | ['TRA is accounted for as contingent consideration.'] | 1,820,721 | 2026-05-06 | 10-Q | View Document | ||||
| Zeo Energy Corp. | $4.60 | increases in tax basis and other tax attributes | OpCo and certain OpCo members (TRA Holders) | 85% | estimated unrecorded TRA liability was approximately $4.6 million; increases in tax basis and other tax attributes; OpCo and certain OpCo members; pay the TRA Holders 85% | ['Liability unrecorded as realization not more likely than not.'] | 1,865,506 | 2026-05-15 | 10-Q | View Document | 85% | ||
| Finance of America Companies Inc. | $4.52 | Blackstone Investor | TRA obligation4,524; Blackstone Investor; Blackstone Tax Receivable Agreement was terminated | ['Blackstone TRA terminated; residual obligation remains.'] | 1,828,937 | 2026-05-11 | 10-Q | View Document | |||||
| biote Corp. | $4.19 | Tax basis increases from redemptions and TRA payments | then-existing non-controlling interest holders | 85% | TRA liability 4,190; tax basis in the net assets of Holdings; then-existing non-controlling interest holders; approximately 85% of the amount of any tax benefits | ['No exchanges of units occurred during the period.'] | 1,819,253 | 2026-05-11 | 10-Q | View Document | 85% | ||
| MARKETWISE, INC. | $4.04 | Basis adjustments and other carryforward attributes | Members of MarketWise, LLC; Arnold Parties | 85% | cumulative liability of $4,035 under the TRA; basis adjustments and other carryforward attributes; members of Marketwise, LLC; 85% of the calculated tax savings; unpaid amounts... will accrue interest until paid | ['Arnold Parties waived TRA rights in April 2026 settlement.'] | 1,805,651 | 2026-05-07 | 10-Q | View Document | 85% | ||
| HMH Holding Inc | $3.80 | acquisitions of B.V. Voting Shares, acquisition of B.V. Non-Voting Shares, redemptions or exchanges, imputed interest | HMH B.V. and the Principal Stockholders | 85% | expects to record a TRA liability; approximately $3.8 million; acquisitions of B.V. Voting Shares; acquisition of B.V. Non-Voting Shares; redemptions or exchanges; imputed interest deemed arising; pay 85% of the net cash savings | ['Expects to record liability in Q2 2026.'] | 2,021,880 | 2026-05-06 | 10-Q | View Document | 85% | ||
| INFINITY NATURAL RESOURCES, INC. | $3.60 | tax basis increases from exchange of INR Units; imputed interest; additional tax basis from TRA payments | Legacy Owners (owners of INR Holdings prior to the IPO) | 85% | recorded a TRA liability of $3.6 million; tax basis increases resulting from the exchange; owners of INR Holdings prior to the IPO; 85% of the net cash savings | ['TRA liability is classified as a non-current liability.'] | 2,029,118 | 2026-05-12 | 10-Q | View Document | 85% | ||
| GoHealth, Inc. | $1.30 | GHH, LLC, Continuing Equity Owners, Blocker Shareholders | 85% | $1.3 million liability; 85% of the amount of tax benefits; GHH, LLC, the Continuing Equity Owners | [] | 1,808,220 | 2026-05-18 | 10-Q | View Document | 85% | |||
| GoHealth, Inc. | $1.30 | allocable share of existing tax basis; increases in tax basis; tax benefits from TRA payments | Continuing Equity Owners; Blocker Shareholders; GHH, LLC | 85% | $1.3 million liability related to the TRA; 85% of the tax benefits; allocable share of existing tax basis; increases in tax basis; Continuing Equity Owners and the Blocker Shareholders | ['Liability relates to tax benefits from the Transactions.'] | 1,808,220 | 2026-03-31 | 10-K | View Document | 85% | ||
| GEN Restaurant Group, Inc. | $1.10 | increases in tax basis from redemptions or exchanges | GEN Inc., Operating Company, and Members | 85% | liability related to its projected obligations... $1.1 million; increases in tax basis resulting from... redemptions; GEN Inc... Operating Company and each... Members; payment... to the Members of 85% | ['Hypothetical total payments could reach $99.6 million.'] | 1,891,856 | 2026-05-14 | 10-Q | View Document | 85% | ||
| GEN Restaurant Group, Inc. | $1.10 | Increases in tax basis, imputed interest, net operating losses | GEN Inc., members of GEN LLC, permitted assignees | 85% | lesser of 6.5% and SOFR + 400bp | liability related to its projected obligations... $1.1 million; increases in tax basis... utilization of other tax benefits; members of GEN LLC (not including GEN Inc.); pay 85% of the net cash tax savings; lesser of 6.5% and SOFR plus 400bp | ['Early termination discount rate capped at 6.5%.'] | 1,891,856 | 2026-03-31 | 10-K | View Document | 85% | |
| Bakkt, Inc. | $0.50 | Tangible and intangible assets; Section 754, 743(b), 734(b) | Opco equity holders, ICE, Mr. Naheta | 85% | approximately $0.5 million remained to be paid; tangible and intangible assets of Opco; certain Opco equity holders; 85% of certain net income tax benefits; The Reorganization terminated the TRA | ['The Reorganization terminated the TRA.'] | 1,820,302 | 2026-05-11 | 10-Q | View Document | 85% | ||
| Funko, Inc. | $0.25 | common units of FAH, LLC; payments under TRA | FAH, LLC; Continuing Equity Owners; certain transferees | 85% | estimated a TRA liability... of $249 thousand; exchanges... of common units of FAH, LLC; FAH, LLC and each Continuing Equity Owners; 85% of the amount of tax benefits; unpaid amounts... will accrue interest | ['Full valuation allowance; gross liability is $102.5 million.'] | 1,704,711 | 2026-05-07 | 10-Q | View Document | 85% | ||
| RE/MAX Holdings, Inc. | $0.20 | RIHI, Inc. | total liability under the TRAs... is $0.2 million; between the Company and RIHI; RIHI TRA will terminate upon the closing | ['TRA terminates with no payments upon merger closing.', 'Full valuation allowance against deferred tax assets.'] | 1,581,091 | 2026-05-08 | 10-Q | View Document | |||||
| Direct Digital Holdings, Inc. | $0.04 | Basis adjustments in tangible and intangible assets; imputed interest | Direct Digital Holdings, Inc., DDH LLC, and Direct Digital Management, LLC (DDM) | 85% | liability... of less than $0.1 million; increases in the tax basis of assets; Direct Digital Holdings, DDH LLC and DDM; 85% of the tax benefits; accrue interest until paid | ['TRA liability derecognized in 2024 due to valuation allowance.'] | 1,880,613 | 2026-03-31 | 10-K | View Document | 85% | ||
| Direct Digital Holdings, Inc. | $0.04 | tax basis in net assets of DDH LLC; Section 754 election; redemptions or exchanges of LLC Units | DDH LLC and DDM (TRA Holders) | 85% | Total liability related to tax receivable agreement $41; 85% of the net cash savings; DDH LLC and DDM; tax basis in the net assets; Section 754 of the Code; accrue interest from the due date | ['Liability is $41 thousand.', 'DTA has a full valuation allowance.'] | 1,880,613 | 2026-05-15 | 10-Q | View Document | 85% | ||
| Greenlane Holdings, Inc. | $0.00 | Increases in tax basis from redemptions or exchanges; tax benefits from TRA payments | Members of the Operating Company | 85% | recorded no liability under the TRA; increases in the tax basis of assets; members of the Operating Company; 85% of the tax benefits | ['No liability recorded as benefits not considered realizable.'] | 1,743,745 | 2026-03-31 | 10-K | View Document | 85% | ||
| Intuitive Machines, Inc. | $0.00 | Existing tax basis in certain assets; tax basis adjustments from taxable exchanges; tax benefits from Business Combination; tax deductions from TRA payments. | TRA Holders (certain Intuitive Machines, LLC members and related parties to the Company) | 85% | management does not expect a TRA liability; 85% of the amount of cash tax savings; existing tax basis in certain assets; tax basis adjustments; tax deductions in respect of portions; TRA Holders (certain Intuitive Machines, LLC members) | ['Full valuation allowance applied to deferred tax assets.'] | 1,844,452 | 2026-05-15 | 10-Q | View Document | 85% | ||
| indie Semiconductor, Inc. | $0.00 | basis adjustments on future exchanges of ADK, LLC units and other carryforward attributes assumed | certain shareholders | 85% | not recorded a liability under the TRAs; basis adjustments on future exchanges; other carryforward attributes assumed; certain shareholders; approximately 85% of the calculated tax savings | ['Full valuation allowance; no liability recorded.'] | 1,841,925 | 2026-05-11 | 10-Q | View Document | 85% | ||
| FLYEXCLUSIVE INC. | $0.00 | certain tax basis adjustments | Thomas James Segrave Jr., LG Trust, ML Trust, LM Trust, TJ Trust (Existing Equityholders) | 85% | no TRA liability has been recorded; certain tax basis adjustments; 85% of the Realized Tax Benefit; Thomas James Segrave Jr.; Existing Equityholders | ['No liability recorded as of March 31, 2026.'] | 1,843,973 | 2026-05-11 | 10-Q | View Document | 85% | ||
| AST SpaceMobile, Inc. | $0.00 | existing tax basis; tax basis adjustments; tax deductions; certain tax attributes | AST LLC; TRA holders | 85% | no TRA liabilities recorded; 85% of the amount of savings; existing tax basis of certain assets; tax basis adjustments resulting from taxable exchanges; tax deductions in respect of portions; certain tax attributes that are acquired | [] | 1,780,312 | 2026-05-11 | 10-Q | View Document | 85% | ||
| Verde Clean Fuels, Inc. | $0.00 | increases in tax basis from OpCo Units acquisition, imputed interest, additional tax basis from TRA payments | Holdings, TRA Holders, Agent | 85% | did not record a tax receivable liability; increases in tax basis; Holdings; TRA Holders; 85% of the amount | ['Payment cap of $50,000 for change of control.'] | 1,841,425 | 2026-05-12 | 10-Q | View Document | 85% | ||
| FuboTV Inc. | $0.00 | Historic NOLs, basis adjustments from redemptions, exchanges, distributions, TRA payments, imputed interest | FuboTV Inc., Newco, Hulu | 70% | no TRA liability has been recorded; historic net operating loss carryforwards; increases in tax basis; 70% of the total tax benefit; Company, Newco and Hulu | ['TRA share is 70% instead of standard 85%'] | 1,484,769 | 2026-05-06 | 10-Q | View Document | 70% | ||
| Zevia PBC | $0.00 | NOLs, existing tax basis, basis increases from exchanges, imputed interest | Continuing members of Zevia LLC, Direct Zevia Stockholders | 85% | SOFR + 300 basis points | has not recorded a liability; NOLs and the Blocker Companies’ allocable share; 85% of the tax benefits realized; Secured Overnight Financing Rate plus 300 basis points | ['Liability not recorded; potential liability is $59.2 million.'] | 1,854,139 | 2026-05-06 | 10-Q | View Document | 85% | |
| Greenlane Holdings, Inc. | $0.00 | increases in tax basis and certain other tax attributes | Greenlane Holdings, LLC and certain of its former members | 85% | had not recorded a liability under the TRA; increases in tax basis and other tax attributes; Greenlane Holdings, LLC and former members; payment by the Company of 85% | ['Liability not recorded due to valuation allowance assessment.'] | 1,743,745 | 2026-04-30 | 10-K/A | View Document | 85% | ||
| NET Power Inc. | $0.00 | deferred tax assets | TRA holders | reduced the TRA liability to zero; intent to terminate the TRA; became final and binding on June 12, 2025; deferred tax assets subject to the TRA | ['TRA terminated effective June 12, 2025.'] | 1,845,437 | 2026-05-11 | 10-Q | View Document | ||||
| Fluence Energy, Inc. | $0.00 | Tax basis of assets, redemptions, exchanges, distributions, depreciation, amortization, and tax benefits from TRA payments. | Fluence Energy, Inc., Fluence Energy, LLC, Siemens Industry, Inc., AES Grid Stability, LLC | 85% | Company has not recognized the remaining liability; increases in our share of the tax basis; Siemens Industry, Inc. and AES Grid Stability, LLC; 85% of the tax benefits | ['Full valuation allowance recorded against deferred tax assets.'] | 1,868,941 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Vivid Seats Inc. | $0.00 | Increases in tax basis; existing tax basis; imputed interest | Existing Hoya Intermediate unitholders, Hoya Topco, LLC | 85% | we no longer have a TRA liability; 85% of the amount of any tax savings; increases in the tax basis; existing tax basis; imputed interest; existing Hoya Intermediate unitholders; Hoya Topco, LLC | ['TRA terminated Oct 2025 via Corporate Simplification Agreement'] | 1,856,031 | 2026-05-05 | 10-Q | View Document | 85% | ||
| Solo Brands, Inc. | $0.00 | no liability has been recorded; due to its immateriality; impact of valuation allowances; Tax Receivable Agreement remains in effect | ['Corporate Simplification eliminated UP-C structure.'] | 1,870,600 | 2026-05-14 | 10-Q | View Document | ||||||
| EVgo Inc. | $0.00 | Increases in tax basis from OpCo Unit redemptions, imputed interest, and basis from TRA payments. | EVgo, CRIS, Thunder Sub, EVgo Holdings, LS Power Equity Advisors, LLC | 85% | no amounts have been accrued; potential unrecorded tax liability is $33.8 million; 85% of the net cash savings; increases in tax basis; imputed interest; additional tax basis arising from payments | ['Liability not accrued; potential liability is $33.8 million.'] | 1,821,159 | 2026-05-05 | 10-Q | View Document | 85% | ||
| Andersen Group Inc. | $0.00 | Tax basis increases in AT Umbrella LLC assets; tax benefits from TRA payments | Aggregator; certain holders of Class X Umbrella Units; pre-IPO owners | 85% | not yet incurred a liability; increase in tax basis in the assets; 85% of the amount of tax benefits; Aggregator; holders of Class X Umbrella Units | ['No liability has been incurred as of report.'] | 2,065,708 | 2026-05-12 | 10-Q | View Document | 85% | ||
| Brilliant Earth Group, Inc. | $0.00 | Tax basis adjustments, Section 743(b), Section 197 | Brilliant Earth Group, Inc., Continuing Equity Owners | 85% | no TRA liability reflected on the balance sheet; tax basis adjustments... Sections 743(b) and 197; Brilliant Earth Group, Inc. and Continuing Equity Owners; 85% of the amount of tax benefits | ['TRA liability not probable due to valuation allowance'] | 1,866,757 | 2026-05-07 | 10-Q | View Document | 85% | ||
| Zeo Energy Corp. | $0.00 | Increases in tax basis from OpCo exchanges; imputed interest | OpCo members (TRA Holders); former Sunergy equity holders | 85% | 85% of the net cash savings; increases in tax basis; imputed interest; certain OpCo members; had not recorded a liability; accrue interest until paid | ['Liability not recorded; estimated unrecorded liability is $5.7M.'] | 1,865,506 | 2026-04-01 | 10-K | View Document | 85% | ||
| vTv Therapeutics Inc. | $0.00 | Exchange of Class B common stock and vTv Units, imputed interest, tax benefits from TRA payments | vTv Therapeutics Inc., MacAndrews, M&F TTP Holdings Two LLC, M&F TTP Holdings LLC | 85% | not recognized any liability; 85% of the amount of cash savings; exchange of Class B common stock; imputed interest deemed to be paid; tax benefits attributable to payments; M&F TTP Holdings Two LLC | ['No liability recognized as of March 31, 2026.'] | 1,641,489 | 2026-05-13 | 10-Q | View Document | 85% | ||
| Greenlane Holdings, Inc. | $0.00 | increases in tax basis and certain other tax benefits | certain former holders of interests in the Operating Company | 85% | recorded no liability under the TRA; increases in tax basis; certain former holders of interests; 85% of certain tax benefits | ['No liability recorded due to valuation allowance assessment.'] | 1,743,745 | 2026-05-15 | 10-Q | View Document | 85% | ||
| Purple Innovation, Inc. | $0.00 | Tax basis increases; imputed interest; additional tax basis | InnoHold; former founders | 80% | no liability was recorded; estimate of liability was $170.5 million; tax basis increases in the assets; InnoHold; former founders; 80% of certain tax benefits | ['Liability not probable; $170.5M estimate not recorded.'] | 1,643,953 | 2026-03-31 | 10-K | View Document | 80% | ||
| PROKIDNEY CORP. | $0.00 | increases in tax basis from unit exchanges; certain other tax attributes of PK Holdings | Closing ProKidney Unitholders | 85% | not recognized any liability related to this agreement; increases in tax basis attributable to exchanges; certain other tax attributes of PK Holdings; Closing ProKidney Unitholders; 85% of the amount of cash savings | ['No liability recognized as of March 31, 2026.'] | 1,850,270 | 2026-05-15 | 10-Q | View Document | 85% | ||
| Clearwater Analytics Holdings, Inc. | $0.00 | Tax Attributes | affiliates of Prior Principal Equity Owners, CWAN Holdings, executive officers | 85% | no further payment obligations; as a result of Tax Attributes; affiliates of the Prior Principal Equity Owners; payment by the Company of 85%; settlement payments... approximately $72.5 million | ['TRA settled and terminated via amendment in November 2024.'] | 1,866,368 | 2026-04-01 | 10-K/A | View Document | 85% | ||
| MARAVAI LIFESCIENCES HOLDINGS, INC. | $0.00 | Increases in tax basis of assets; tax attributes of acquired entities; tax benefits from TRA payments | MLSH 1, MLSH 2 | 85% | no current liability under the TRA; increases in the tax basis of assets; TRA with MLSH 1 and MLSH 2; 85% of the amount of certain tax benefits; unpaid amounts will be deferred and will accrue interest | ['Liability derecognized as realization of benefits not probable.'] | 1,823,239 | 2026-05-08 | 10-Q | View Document | 85% | ||
| WM TECHNOLOGY, INC. | $0.00 | additional tax basis from redemptions or exchanges | continuing members and Class A Unit holders | 85% | TRA liability was nil; additional tax basis; continuing members and Class A Unit holders; 85% of the amount of tax benefits | ['TRA liability nil due to full valuation allowance.'] | 1,779,474 | 2026-05-11 | 10-Q | View Document | 85% | ||
| Camping World Holdings, Inc. | $0.00 | Increases in tax basis; Section 754 election; tax benefits from TRA payments | Continuing Equity Owners and Crestview Partners II GP, L.P. | 85% | did not have a Tax Receivable Agreement liability; increases in the tax basis; Section 754 of the Internal Revenue Code; Continuing Equity Owners and Crestview Partners II GP, L.P.; 85% of the amount of tax benefits | ['Full valuation allowance; liability considered not probable.'] | 1,669,779 | 2026-04-30 | 10-Q | View Document | 85% | ||
| Bioventus Inc. | $0.00 | Increases in tax basis of BV LLC assets from redemptions, exchanges, prior sales, distributions, and TRA payment tax benefits | Continuing LLC Owner | 85% | had not recorded any liabilities; increases in the tax basis of assets; Continuing LLC Owner; 85% of the amount of tax benefits; accrue interest until paid | ['No liabilities recorded as no LLC interests exchanged.'] | 1,665,988 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Symbotic Inc. | $0.00 | attributes obtained as a result of exchanges | Legacy Warehouse Holders (TRA Holders) | 85% | no TRA liability was recorded; attributes obtained as a result of exchanges; Legacy Warehouse Holders; 85% of these potential future tax benefits | ['Expected payments are $484.4 million but not recorded.'] | 1,837,240 | 2026-05-06 | 10-Q | View Document | 85% | ||
| Cibus, Inc. | $0.00 | no TRA liability has been recorded; liability... is not probable; TRA, dated May 31, 2023 | ['Liability not probable due to valuation allowance.'] | 1,705,843 | 2026-05-14 | 10-Q | View Document | ||||||
| Bumble Inc. | $0.00 | pre-IPO owners, Founder, Sponsor, affiliate of Accel Partners LP, management, other equity holders | fully settled in November 2025; one-time settlement payments; complete and full termination; pre-IPO owners including our Founder | ['TRA was fully settled and terminated in November 2025.'] | 1,830,043 | 2026-05-06 | 10-Q | View Document | |||||
| Canopy Growth Corp | $0.00 | Acreage | Acreage Tax Receivable Agreement; Balance at March 31, 2025 | ['TRA balance reduced to zero.'] | 1,737,927 | 2026-06-15 | 10-K | View Document | |||||
| RE/MAX Holdings, Inc. | step-up in tax basis on RMCO’s assets | RIHI; RMCO’s other pre-IPO owner | 85% | step-up in tax basis on RMCO’s assets; RIHI and a substantially similar agreement; pay the counterparties 85% of the amount; unpaid amounts will be deferred and accrue interest | ['Payments of $0.4M (2025) and $0.7M (2026) mentioned.'] | 1,581,091 | 2026-04-30 | 10-K/A | View Document | 85% | |||
| GMR Solutions Inc. | NOLs, deferred interest deductions, tax basis in amortizable or depreciable assets, deductible expenses from IPO | Certain stockholders, members of management (Management TRA parties) | 85% | Pro rata | 85% of the benefits; federal, state and local net operating losses; deferred interest deductions; tax basis in amortizable or depreciable assets; certain stockholders and members of management; take into account their holdings of warrants | ['Management TRA parties receive 6% of total payments.', 'Payments do not accelerate upon change of control.'] | 1,898,718 | 2026-06-02 | 10-Q | View Document | 85% | ||
| X-Energy, Inc. | Basis Adjustments, Existing Basis, Blocker Tax Attributes, Interest Deductions | X-Energy, Inc., XERC, and TRA Holders | 85% | 85% of the amount of cash tax savings; Basis Adjustments, Existing Basis, Blocker Tax Attributes, Interest Deductions; X-Energy, Inc. entered into a TRA with XERC; unpaid amounts will be deferred and will accrue interest | ['Change of control triggers accelerated payment calculations.', 'No maximum term for the Tax Receivable Agreement.'] | 2,088,896 | 2026-06-04 | 10-Q | View Document | 85% | |||
| Falcon's Beyond Global, Inc. | Increases in tax basis from unit exchanges; TRA payments. | Exchange TRA Holders, the Company, Falcon’s Opco, TRA holder representative. | 85% | 85% of the amount of tax benefits; increases in tax basis resulting from any exchange; partners of Falcon’s Opco; TRA holder representative | ['Full valuation allowance on deferred tax assets.'] | 1,937,987 | 2026-05-14 | 10-Q | View Document | 85% | |||
| Repay Holdings Corp | increases in tax basis; other tax attributes; tangible and intangible assets; tax benefits related to entering into the TRA | exchanging Repay Unitholders; John Morris; Shaler Alias; Tim Murphy | 100% | Term SOFR + 571.513bp | 100% of the tax benefits; Term SOFR plus 571.513 basis points; increases in tax basis; exchanging Repay Unitholders; other tax attributes of Hawk Parent | ['TRA share is 100% of realized tax benefits.'] | 1,720,592 | 2026-04-30 | 10-K/A | View Document | 100% | ||
| Evercore Inc. | Payments Under Tax Receivable Agreement | [] | 1,360,901 | 2026-05-06 | 10-Q | View Document | |||||||
| Falcon's Beyond Global, Inc. | Increases in tax basis of Falcon’s Opco assets; tax benefits from TRA payments. | Falcon's Beyond Global, Inc., Falcon’s Opco, TRA holder representative, TRA Holders. | 85% | equal to 85% of the tax benefits; increases in the tax basis of assets; unpaid amounts will be deferred and accrue interest; Company, Falcon’s Opco, TRA holder representative, TRA Holders | ['Amendment on October 24, 2024, regarding unit transfers.'] | 1,937,987 | 2026-03-30 | 10-K | View Document | 85% | |||
| OLAPLEX HOLDINGS, INC. | Tax basis in intangible assets and capitalized transaction costs relating to taxable years ending on or before the date of the IPO | Pre-IPO unitholders of Penelope Group Holdings, certain holders of equity awards of Penelope Holdings Corp., Advent Funds | 85% | 85% of the amount of cash savings; tax basis in intangible assets; capitalized transaction costs; pre-IPO unitholders of Penelope Group Holdings; Advent Funds | ['TRA Waiving Parties waived rights to receive payments.', 'TRA terminates upon effective time of the merger.'] | 1,868,726 | 2026-04-30 | 10-K/A | View Document | 85% | |||
| Liberty Broadband Corp | tax benefits realized by GCI Liberty | Liberty Broadband, Charter, GCI Liberty | tax benefits realized by GCI Liberty; Liberty Broadband, Charter and GCI Liberty; portion... corresponding to such excess | ['TRA triggered if tax liability exceeds $420 million.'] | 1,611,983 | 2026-04-28 | 10-Q | View Document | |||||
| Yesway, Inc. | Existing tax basis, basis increases from redemptions/exchanges, distributions, Blocker tax attributes, TRA payment benefits | Ultimate Parent, Continuing Equity Owners, Blocker Shareholders | 85% | 85% of certain tax benefits; Ultimate Parent, Continuing Equity Owners, Blocker Shareholders; existing tax basis of Ultimate Parent’s assets; increases in... tax basis... from future redemptions; tax attributes of the Blocker Companies; accrue interest until paid | [] | 1,859,836 | 2026-06-02 | 10-Q | View Document | 85% | |||
| X-Energy, Inc. | Existing Basis, Exchange Existing Basis, Basis Adjustments, Blocker Tax Attributes, Imputed Interest, TRA Accounting and Legal Expenses | Exchange TRA Parties, Blocker Shareholders | 85% | 12% | Pro rata | 85% of the Cumulative Net Realized Tax Benefit; Penalty Rate means a rate of 12%; allocated among the TRA Parties in proportion; Covered Tax Assets means (i) Existing Basis | ['Penalty Rate is defined as 12%.', 'Covered assets include TRA accounting and legal expenses.'] | 2,088,896 | 2026-06-04 | 10-Q | View Document | 85% | |
| Rocket Companies, Inc. | increases in tax basis and other tax benefits | RHI, RHI II, Daniel Gilbert | 90% | payment by the Company of 90%; RHI II and Mr. Gilbert; increases in tax basis and other tax benefits; amortization of intangible assets | ['TRA amended June 30, 2025 for Up-C Collapse.'] | 1,805,284 | 2026-05-12 | 10-Q | View Document | 90% | |||
| X-Energy, Inc. | the Corporation, the Company, and TRA Parties | by and among the Corporation and the Company; and the TRA Parties; Initial TRA Representative | Mentions Initial TRA Representative and defines TRA. | 2,088,896 | 2026-06-04 | 10-Q | View Document | ||||||
| UWM Holdings Corp | Increases in tax basis from Exchange Transactions, imputed interest, and disproportionate allocations. | UWM Holdings Corp, SFS Corp. | 85% | 85% of the amount of cash savings; Tax Receivable Agreement ('TRA') with SFS Corp.; increases in tax basis resulting from Exchange Transactions; imputed interest deemed to be paid; disproportionate allocations (if any) of tax benefits | ['Liability recorded as a loss contingency.'] | 1,783,398 | 2026-05-11 | 10-Q | View Document | 85% | |||
| GRAFTECH INTERNATIONAL LTD | tax assets that have been utilized | sole pre-IPO stockholder | sole pre-IPO stockholder; tax assets that have been utilized; established a full valuation allowance | ['Full valuation allowance established in Q2 2025.'] | 931,148 | 2026-05-01 | 10-Q | View Document | |||||
| Concord Acquisition Corp II | Events.com’s pre-closing tax attributes | Events.com, the Company, certain Events.com shareholders | 85% | 85% of the tax benefits realized; Events.com’s pre-closing tax attributes; Events.com, the Company and certain Events.com shareholders | ['TRA triggered by change of control or divestiture'] | 1,851,959 | 2026-05-14 | 10-Q | View Document | 85% | |||
| York Space Systems Inc. | net operating loss carryforwards, research and development credit carryforwards | equity holders of Holdings, holders of Class P Units | 85% | 100 basis points above SOFR | 85% of certain tax savings; net operating loss carryforwards; research and development credit carryforwards; equity holders of Holdings; holders of Class P Units; 100 basis points above SOFR; does not anticipate recording the TRA liability | ['Liability not recorded as payment is not probable.'] | 2,086,587 | 2026-05-15 | 10-Q | View Document | 85% | ||
| Clearwater Analytics Holdings, Inc. | ["Text only mentions termination of Enfusion's TRA."] | 1,866,368 | 2026-05-07 | 10-Q | View Document | ||||||||
| OneStream, Inc. | Basis Adjustments from LLC Unit redemptions or exchanges; tax benefits from TRA payments | KKR, Continuing Members, and certain Former Members (TRA Members) | 85% | 85% of the amount of tax benefits; KKR and other Continuing Members; Basis Adjustments; tax benefits attributable to payments made | [] | 1,889,956 | 2026-03-31 | 10-K/A | View Document | 85% | |||
| Alchemy Investments Acquisition Corp 1 | Tax basis adjustments from TRA Exchanges; Section 754; imputed interest; TRA payment tax benefits | Pubco; certain Cartiga Members (TRA Holders) | 85% | 85% of the cash tax benefits; tax basis adjustments resulting from TRA Exchanges; Pubco... with certain Cartiga Members; payments will be deferred and will accrue interest | ['Payments accelerate upon change of control or early termination.'] | 1,901,336 | 2026-05-21 | 10-Q | View Document | 85% | |||
| Alchemy Investments Acquisition Corp 1 | Tax basis adjustments from TRA Exchanges; Section 754; tax benefits from TRA payments; depreciation and amortization deductions | Pubco; certain Cartiga Members (TRA Holders) | 85% | 85% of the cash tax benefits; tax basis adjustments resulting from TRA Exchanges; certain Cartiga Members (the 'TRA Holders'); accrue interest until paid; tax benefits attributable to making payments | ['TRA payments accelerate upon change of control or default.'] | 1,901,336 | 2026-04-30 | 10-K/A | View Document | 85% | |||
| Purple Innovation, Inc. | Tax basis increases in Purple LLC assets; imputed interest | InnoHold | 80% | 80% of the net cash savings; InnoHold; tax basis increases in the assets; imputed interest deemed to be paid | ['TRA share is 80%.'] | 1,643,953 | 2026-04-28 | 10-Q | View Document | 80% | |||
| NUSCALE POWER Corp | NuScale Corp, NuScale LLC and various legacy NuScale Equityholders | liability is not probable and therefore not recorded; NuScale Corp, NuScale LLC and legacy NuScale Equityholders | ['Liability not recorded due to full valuation allowance.'] | 1,822,966 | 2026-05-07 | 10-Q | View Document | ||||||
| System1, Inc. | no amounts due; parties to the Tax Receivable Agreement | ['Full valuation allowance on deferred tax assets.'] | 1,805,833 | 2026-05-12 | 10-Q | View Document | |||||||
| Fluence Energy, Inc. | liability under the Tax Receivable Agreement | ['Text lacks specific TRA financial details.'] | 1,868,941 | 2026-05-06 | 10-Q | View Document | |||||||
| Stagwell Inc | taxable exchanges of equity interests; tax basis adjustments | certain members or former members; parent company | 85% | 85% of the tax savings realized; taxable exchanges of equity interests; related tax basis adjustments; certain members or former members | [] | 876,883 | 2026-05-01 | 10-Q | View Document | 85% | |||
| Vistra Corp. | benefits realized as a result of certain transactions entered into at the emergence of our predecessor from reorganization under Chapter 11 | predecessor from reorganization under Chapter 11 | benefits realized as a result of certain transactions; emergence of our predecessor from reorganization; no material TRA payments | ['No material TRA payments expected in next 12 months.'] | 1,692,819 | 2026-05-08 | 10-Q | View Document | |||||
| TWFG, Inc. | make payments under the Tax Receivable Agreement | [] | 2,007,596 | 2026-05-08 | 10-Q | View Document | |||||||
| Alchemy Investments Acquisition Corp 1 | Tax basis adjustments from TRA Exchanges, Section 754, imputed interest, tax benefits from TRA payments. | Pubco and certain Cartiga Members (TRA Holders) | 85% | 85% of the cash tax benefits; tax basis adjustments resulting from TRA Exchanges; Pubco and certain Cartiga Members; deferred and will accrue interest until paid | [] | 1,901,336 | 2026-04-09 | 10-K | View Document | 85% | |||
| J M SMUCKER Co | Payment of assumed tax receivable agreement obligation | ['Assumed TRA obligation payment of $86.4M in 2024.'] | 91,419 | 2026-06-09 | 10-K | View Document |