v3.26.1
Equity Method Investment
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment Equity Method Investment
In 2025, the Company invested in a start-up to develop and commercialize artificial intelligence technologies for consumer applications. As the Company exerts significant influence but is not deemed to control the start-up, it accounted for its investment as an equity method investment that was not material as of June 30, 2026 and December 31, 2025.
In conjunction with its investment, the Company entered into a $4,000 revolving credit facility with the start-up. Loans under the revolving credit facility bear interest at daily simple Secured Overnight Financing Rate (“SOFR”) plus 5.5%, accruing daily and compounding quarterly into the principal amount. On April 30, 2026, the start-up drew in full upon the facility, with a principal balance of $4,000 issued at par (the “Member Loan”) with a maturity date on April 30, 2030. During the three months ended June 30, 2026, the Company recognized a provision on credit loss related to the Member Loan of $800. As of June 30, 2026, the Member Loan balance, net of allowances, was $3,200 which was recorded as “Equity method investment and loan receivable, net” on the condensed consolidated balance sheets.