v3.26.1
Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Earnings from equity method investments $ (18,174) $ 79 $ (17,671) $ 123
Operating income (loss) (20,911) 2,232 (19,903) 3,635
Auction and Liquidation        
Gross profit [1] 2,565 2,853 4,960 5,728
Operating expenses [2] (2,242) (1,964) (4,421) (4,088)
Earnings from equity method investments 2 19 522 (1)
Operating income (loss) 325 908 1,061 1,639
Refurbishment & Resale        
Gross profit [1] 1,291 1,420 2,830 2,743
Operating expenses [2] (1,039) (1,017) (2,071) (2,068)
Earnings from equity method investments 0 0 0 0
Operating income (loss) 252 403 759 675
Consumer Loan        
Gross profit [1] 2,441 3,707 5,929 7,086
Operating expenses [2] (1,292) (1,730) (3,116) (3,509)
Earnings from equity method investments 0 0 0 0
Operating income (loss) 1,149 1,977 2,813 3,577
Commercial Loans        
Gross profit [1] 1,779 0 2,428 0
Operating expenses [2] (1,643) 0 (2,898) 0
Earnings from equity method investments 0 0 0 0
Operating income (loss) 136 0 (470) 0
Specialty Lending        
Gross profit [1] 266 431 493 800
Operating expenses [2] (3,756) (311) (4,026) (664)
Earnings from equity method investments (18,176) 60 (18,193) 124
Operating income (loss) (21,666) 180 (21,726) 260
Corporate and Other        
Gross profit [1] 0 0 0 65
Operating expenses [2] (1,107) (1,236) (2,340) (2,581)
Earnings from equity method investments 0 0 0 0
Operating income (loss) (1,107) (1,236) (2,340) (2,516)
Consolidated        
Gross profit [1] 8,342 8,411 16,640 16,422
Operating expenses [2] (11,079) (6,258) (18,872) (12,910)
Earnings from equity method investments (18,174) 79 (17,671) 123
Operating income (loss) $ (20,911) $ 2,232 $ (19,903) $ 3,635
[1] Within the Company’s Industrial Asset division, management allocates gross profit resulting from certain auctions from Auctions and Liquidation (HGP) to Refurbishment & Resale (ALT). From time to time, ALT may source and refer an auction project to HGP or directly sell lab equipment inventory through the auction channel. In these instances, the profits relating to these transactions are allocated to ALT rather than accounted for under the segment profit or loss of HGP. During the three months ended June 30, 2026, the total amount of gross profit allocated to ALT from HGP was not material, as compared to the total amount of gross profit allocated to ALT during the same period of 2025 of approximately $0.4 million. During the six months ended June 30, 2026, the total amount of gross profit allocated to ALT from HGP was approximately $0.1 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2025 of approximately $0.6 million.
[2] All financing arrangements are originated with Corporate and other. Management may determine from time to time that interest incurred from financing arrangements are directly attributable to a specific segment. As a result, interest incurred may be charged to the segment and included in that segment’s profit or loss as a charge to operating expense. No interest expense has been allocated to operating segments during the three or six months ended June 30, 2026 and 2025.