v3.26.1
Equity Method Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following table presents summarized financial information of TailFin's statements of operations.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Interest income$336 $779 $689 $2,049 
Sales and marketing expenses(1,218)(3,969)(2,339)(6,198)
Compensation and professional services(897)(4,065)(1,789)(5,864)
Net loss(1,779)(7,255)(3,439)(10,013)
Investor HLBV basis adjustment (1)
— (68,495)— (68,495)
Equity in losses attributable to TailFin$(1,779)$(75,750)$(3,439)$(78,508)
(1)
The incentive payment of $70 million has been recorded as a deferred asset on TailFin’s balance sheet and will be amortized over the revised term of the Agreements through 2033. Under the HLBV method and based on the terms of the agreement, we expensed the amount upon payment.