v3.26.3
Investments in Unconsolidated Entities
9 Months Ended
Sep. 30, 2026
Investments in Unconsolidated Entities [Abstract]  
Equity Method Investments and Joint Ventures Disclosure Investments in Unconsolidated Entities
As of September 30, 2026 and December 31, 2025, our investment in unconsolidated entities balance totaled $51.0 million and $50.3 million, respectively. We have investments in both equity method investments and investments in equity securities with and without a readily determinable fair value.

The carrying amount of investments in equity securities without a readily determinable fair value, including our investment in SmartX Advisory Solutions, was $45.6 million and $44.0 million as of September 30, 2026 and December 31, 2025, respectively. We did not record any material adjustments or impairment losses in the first nine months of 2026 or 2025.