v3.26.1
Derivative Instruments
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
7.    DERIVATIVE INSTRUMENTS
The following table summarizes the gross fair values of individual derivative instruments and the impact of legal rights of offset as reported within Other assets and Other liabilities in the Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025.
June 30, 2026December 31, 2025
Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount		Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount
Other assets:
FX forwards63 — 63 — 63 — — — — — 
Total derivative assets$63 $— $63 $— $63 $— $— $— $— $— 
Other liabilities:
FX forwards— — — — — 8 — 8 — 8 
Total derivative liabilities$— $— $— $— $— $8 $— $8 $— $8 
The following table summarizes the location and amount of gains and losses of derivative contracts in the Consolidated Statements of Income (Loss) for the periods presented.
Location of Gain (Loss)
Recognized in
Consolidated Statements of Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Derivatives:
FX forwardsRevenues, other$298 $680 $(220)$1,107 
Total derivatives$298 $680 $(220)$1,107 

Octave Ventures utilizes FX forward contracts to partially hedge its foreign currency exposure. Octave Ventures' functional currency is the British Pound, but a significant portion of its revenues are generated in currencies other than the British Pound, particularly the US Dollar. Octave Ventures, therefore, typically enters into forward contracts to partially hedge its exposure to fluctuations in exchange rates relative to the British Pound.


Information about FX forward contracts as of June 30, 2026 and December 31, 2025, is summarized below:
Derivative TypeWeighted-Average
Remaining
Term
(years)		Face
Amount
(Buy)		Face
Amount
(Sell)		Fair Value
Asset
(Liability)
June 30, 2026
FX Forwards-Buy GBP/Sell USD1.0629,155 38,700 32 
FX Forwards-Buy GBP/Sell CAD0.39767 1,600 31 
December 31, 2025
FX Forwards-Buy GBP/Sell USD1.3917,876 24,000 (6)
FX Forwards-Buy GBP/Sell CAD0.731,5302,800(2)