XML 57 R41.htm IDEA: XBRL DOCUMENT v3.25.4
Supplemental Balance Sheet and Cash Flow Information (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Restricted Assets
The following table presents the components of the Company's restricted assets as of December 31, 2025 and 2024:

December 31,
20252024
in thousands
Restricted cash and cash equivalents$138,823 $128,061 
Fixed maturity securities675,302 577,688 
Equity securities34,871 11,839 
Total restricted assets$848,996 $717,588 
Schedule of Assets and Liabilities of Consolidated Variable Interest Entities
The following table presents the assets and liabilities of the Company's consolidated VIEs as of December 31, 2025 and 2024:

December 31,
20252024
ASSETSin thousands
Cash and cash equivalents$697 $1,746 
Restricted cash and cash equivalents17,005 1,221 
Notes receivable81,740 49,337 
Other assets1,748 1,961 
TOTAL ASSETS$101,190 $54,265 
LIABILITIES
Accounts payable and accrued expenses$524 $280 
Debt, net68,423 30,193 
Other liabilities1,658 719 
TOTAL LIABILITIES$70,605 $31,192 
Schedule of Supplemental Cash Flow Information The table below presents information regarding the Company's non-cash investing and financing activities, as well as the cash paid for interest and taxes for the years ended December 31, 2025, 2024, and 2023:
Year ended December 31,
202520242023
Non-cash investing activities:in thousands
Issuance of notes receivable (1)
$12,132 $6,229 $6,492 
Collection of notes receivable (1)
$4,669 $8,084 $6,094 
Capital expenditures$1,693 $723 $282 
Acquisitions and investments$— $— $2,142 
Termination of MHH Joint Venture (Refer to Note 12)
$— $— $2,929 
Non-cash financing activities:
Loss on Warrant Exchange (Refer to Note 6)
$— $2,006 $— 
Exchange of THG units for shares of Class A Common Stock (Refer to Note 20)
$16,996 $3,227 $2,311 
Deferred tax assets and TRA liabilities recorded upon exchange of THG units for shares of Class A Common Stock (Refer to Note 23)
$1,318 $— $— 
Issuance of shares of Class A Common Stock resulting from the vesting of RSUs (Refer to Note 21)
$12,101 $18,621 $9,975 
Cash paid for interest$10,160 $8,613 $6,126 
Cash paid for income taxes: (2)
Federal$15,900 N/AN/A
State447 N/AN/A
Foreign63 N/AN/A
Total cash paid for income taxes$16,410 
(1)    In certain situations, BAC makes loans to refinance accounts receivable balances generated by Broad Arrow auctions and private sales. These loans are accounted for on the Consolidated Balance Sheets as non-cash reclassifications between "Accounts receivable" and "Notes receivable" and are not presented within Investing Activities in the Company's Consolidated Statements of Cash Flows. Upon repayment, the cash received in settlement of such loans is classified within Operating Activities in the Company's Consolidated Statements of Cash Flows.
(2)    Beginning with the year ended December 31, 2025, the Company has adopted ASU 2023-09 and as a result, cash paid for taxes, net of refunds received, is disclosed by jurisdiction on a prospective basis. For the years ended December 31, 2024 and 2023, cash paid for taxes was $17.9 million and $10.5 million, respectively.