XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.26.1

Investments in Unconsolidated Entities | 6 Months Ended
--- | ---
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Unconsolidated Entities | Investments in Unconsolidated Entities On February 24, 2026, a technology partner in which we previously invested was acquired by an unrelated third party. As a result of the sale, we received proceeds of $5.4 million in exchange for all of our shares of the technology partner stock after deducting $0.1 million related to an agreed holdback. As a result of the sale, we recorded a loss of $0.2 million within other expense, net, in our condensed consolidated statements of operations during the six months ended June 30, 2026. On May 29, 2026, we paid $14.1 million in cash to purchase an additional investment in SafeStreets USA, LLC, to maintain our 24.7% ownership percentage. This investment is included in the Alarm.com segment and is accounted for under the equity method of accounting. Summary of Investments in Unconsolidated Entities Our investments in unconsolidated entities are as follows (in thousands):
|  |  | June 30, 2026 |  | December 31, 2025
| Ownership Percentage |  | Carrying Value |  | Excess Carrying Value of Investment Over Proportionate Share of Net Assets |  | Carrying Value |  | Excess Carrying Value of Investment Over Proportionate Share of Net Assets
Safe Haven(1) and All Access(2) | 32.5 | % |  | $ | 137,683 |  |  | $ | 138,558 |  |  | $ | 141,205 |  |  | $ | 143,134 |
SafeStreets(3) | 24.7 |  |  | 40,595 |  |  | 45,518 |  |  | 29,436 |  |  | 31,144 |
Pronet(4) | 20.3 |  |  | 31,275 |  |  | 9,561 |  |  | 30,142 |  |  | — |
Other unconsolidated entities |  |  | 22,917 |  |  | 725 |  |  | 26,148 |  |  | 707 |
Total |  |  | $ | 232,470 |  |  | $ | 194,362 |  |  | $ | 226,931 |  |  | $ | 174,985 |
_______________________ (1) Safe Haven Security Services, LLC, or Safe Haven (2) All Access Holdings, LLC, or All Access (3) SafeStreets USA, LLC, or SafeStreets (4) Protegger Luxembourg S.à r.l, or Pronet Equity method income from our investments in unconsolidated entities are as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Income from equity method investments, net | $ | (849) |  |  | $ | (341) |  |  | $ | (1,094) |  |  | $ | (316) |
Other related party transactions and balances outstanding with our equity method investees for activity subsequent to our investments are as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Revenue from equity method investees | $ | 6,035 |  |  | $ | 2,561 |  |  | $ | 13,638 |  |  | $ | 2,698 |
Interest income from equity method investees | 376 |  |  | 283 |  |  | 749 |  |  | 288 |
Distributions received from equity method investees | 3,762 |  |  | — |  |  | 6,430 |  |  | — |
| June 30, 2026 |  | December 31, 2025
Outstanding principal from loans to equity method investees | $ | 21,887 |  |  | $ | 21,947 |
Interest receivable from equity method investees | 4 |  |  | 381 |
Accounts receivable from equity method investees | 2,351 |  |  | 1,774 |
Total amounts receivable from equity method investees | $ | 24,242 |  |  | $ | 24,102 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration