Strategic Investments	6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]
Strategic Investments	Strategic Investments As part of our strategy, we continuously evaluate opportunities for strategic investments that align with our mission. We hold investments in Pickle Robot Co. (“Pickle”) and Creapaper GmbH (“Creapaper”). Pickle is a robotics-solutions company which has developed robots for sorting, loading and unloading packaged goods. Creapaper uses a patented process to produce grass fiber, a raw material required for producing their grasspaper packaging products. We account for our investment in Pickle under the ASC Topic 321, Investments - Equity Securities, measurement alternative for equity securities without readily determinable fair values, as there are no quoted market prices for this investment. The investment is measured at cost and adjusted to fair value when there is an observable price change, and is assessed for impairment whenever events or circumstances indicate that the carrying amount may not be recoverable. We account for our investment in Creapaper under ASC Topic 323, Investments - Equity Method and Joint Ventures, using the equity method and adjust the carrying value of our investment by our proportionate ownership of Creapaper’s earnings or losses. Our strategic investments are included in Other assets on the Unaudited Condensed Consolidated Balance Sheets. On February 5, 2026, we entered into a Simple Agreement for Future Equity (the “SAFE note”) with Pickle, in exchange for $10.0 million in cash. The SAFE note provides us the right to receive preferred shares of Pickle upon the occurrence of a qualifying equity financing event, subject to the terms of the SAFE note. As of June 30, 2026, the carrying value of our investment in Pickle was $32.1 million, consisting of $22.1 million related to preferred shares, inclusive of cumulative net upward adjustments of $9.3 million, and $10.0 million related to the SAFE note. As of December 31, 2025, the carrying value of our investment in Pickle was $22.1 million. As of June 30, 2026 and December 31, 2025, the carrying value of our investment in Creapaper was $4.7 million and $4.8 million, respectively.

Strategic Investments

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

As part of our strategy, we continuously evaluate opportunities for strategic investments that align with our mission. We hold investments in Pickle Robot Co. (“Pickle”) and Creapaper GmbH (“Creapaper”). Pickle is a robotics-solutions company which has developed robots for sorting, loading and unloading packaged goods. Creapaper uses a patented process to produce grass fiber, a raw material required for producing their grasspaper packaging products. We account for our investment in Pickle under the ASC Topic 321, Investments - Equity Securities, measurement alternative for equity securities without readily determinable fair values, as there are no quoted market prices for this investment. The investment is measured at cost and adjusted to fair value when there is an observable price change, and is assessed for impairment whenever events or circumstances indicate that the carrying amount may not be recoverable. We account for our investment in Creapaper under ASC Topic 323, Investments - Equity Method and Joint Ventures, using the equity method and adjust the carrying value of our investment by our proportionate ownership of Creapaper’s earnings or losses. Our strategic investments are included in Other assets on the Unaudited Condensed Consolidated Balance Sheets.

On February 5, 2026, we entered into a Simple Agreement for Future Equity (the “SAFE note”) with Pickle, in exchange for $10.0 million in cash. The SAFE note provides us the right to receive preferred shares of Pickle upon the occurrence of a qualifying equity financing event, subject to the terms of the SAFE note.

As of June 30, 2026, the carrying value of our investment in Pickle was $32.1 million, consisting of $22.1 million related to preferred shares, inclusive of cumulative net upward adjustments of $9.3 million, and $10.0 million related to the SAFE note. As of December 31, 2025, the carrying value of our investment in Pickle was $22.1 million.

As of June 30, 2026 and December 31, 2025, the carrying value of our investment in Creapaper was $4.7 million and $4.8 million, respectively.