v3.25.2
EQUITY SECURITIES (Tables)
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Equity Securities
Equity securities consist of the following (in thousands):
June 30,
2025
December 31,
2024
Equity securities accounted for under the equity method under ASC 323$47,552 $56,546 
Equity securities accounted for under the equity method under the fair value option24,067 21,640 
Total equity securities$71,619 $78,186 
Equity Securities Ownership Interest
The following table includes the Company's equity securities accounted for under the equity method and related ownership interest as of June 30, 2025:
Ownership
interest
Medici Ventures, L.P.99%
tZERO Group, Inc.28%
SpeedRoute, LLC49%
Kirkland's, Inc.
40%
Zulily Newco25%
Equity Method Investments
The following table summarizes the net loss recognized on equity method securities recorded in Other income (expense), net in the consolidated statements of operations (in thousands):
Three months ended
June 30,
Six months ended
June 30,
2025202420252024
Net loss recognized on our proportionate share of the net assets of our equity method securities$(4,789)$(7,754)$(8,994)$(17,488)
Decrease in fair value of equity method securities held under fair value option
(1,787)— (14,655)(8,718)