v3.26.3
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities at Fair Value on Recurring Basis
The Company measures the following assets and liabilities at fair value on a recurring basis:
As of September 30, 2026
(in millions)
Recorded
Balance
Level 1
Level 2
Level 3
Cash, cash equivalents, and restricted cash
$150.8 
$150.8 
$— 
$— 
Marketable securities
161.5 
161.5 
— 
— 
EVE Investment
10.9 
2.0 
— 
8.9 
Total
$323.2 
$314.3 
$— 
$8.9 
As of December 31, 2025
(in millions)
Recorded
Balance
Level 1
Level 2
Level 3
Cash, cash equivalents, and restricted cash
$157.7 
$157.7 
$— 
$— 
Marketable securities
162.2 
162.2 
— 
— 
EVE Investment
15.4 
4.0 
— 
11.4 
Total
$335.3 
$323.9 
$— 
$11.4 
Schedule of Fair Valuation of Level 3 Investments
The implied volatility, which is the unobservable input, used in the determination of fair value of Level 3 investments as of September 30, 2026 and December 31, 2025 is as follows:
September 30, 2026December 31, 2025
EVE Investment
62.4%61.6%