v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Advances Receivable—Related Party

Net amounts due from direct-sales professionals were $12.0 million and $8.6 million as of June 30, 2026 and December 31, 2025, respectively. The Company provided a reserve of $2.4 million and $2.6 million as of June 30, 2026 and December 31, 2025, respectively, related to advances to direct-sales professionals who have terminated their employment agreement with the Company.

Investment in Non-Controlled Joint Venture

During fiscal 2026, the Company entered into a joint venture partnership with an third-party investor, which is accounted for under the equity method. Revenues, net of intra-entity eliminations, for sales of newly originated energy systems to this joint venture represented approximately $250.8 million of the Company's energy systems and product sales revenues for the three months ended June 30, 2026 and $308.0 million for the six months ended June 30, 2026. As of June 30, 2026, the Company had approximately $15.7 million in receivables from the joint venture within its System sales receivables in the consolidated balance sheet.