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Other Assets | 6 Months Ended
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Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | Other Assets Loan to SafeStreets On January 30, 2025, we entered into a senior secured loan agreement with SafeStreets, under which a term loan was provided to them in the original principal amount of $21.5 million, which loan is collateralized by the assets of SafeStreets. Quarterly principal payments begin in the second quarter of 2027. Interest on the outstanding principal accrues at a rate per annum equal to the overnight financing rate published by the Federal Reserve Bank of New York for a period of three months, plus 3.0%. For the first two years of the loan, monthly interest payments can be payable in kind at the election of the borrower. The maturity date of the loan is January 30, 2030. As of June 30, 2026 and December 31, 2025, $21.5 million of principal was outstanding from SafeStreets under the loan agreement. Loan to a Service Provider Partner In July 2020, we entered into a loan agreement with a service provider partner, under which we agreed to loan the service provider partner up to $2.5 million, collateralized by the assets of the service provider partner. Interest on the outstanding principal accrues at a rate per annum equal to 9.0% and monthly interest and principal payments began in April 2021. The maturity date of the loan was July 24, 2025. In July 2025, we learned that this service provider partner may have a lien placed on its property that may have a priority over our security interest. Based on the information provided by the service provider partner, during the three months ended June 30, 2025, we recorded a credit loss expense of $0.7 million in general and administrative expense and we placed this loan in nonaccrual status as of June 30, 2025. As of June 30, 2026 and December 31, 2025, $0.9 million of principal was outstanding from the service provider partner under the loan agreement. For the three and six months ended June 30, 2026 and 2025, we recognized less than $0.1 million and $0.1 million of revenue from the service provider partner associated with this loan, respectively. Allowance for Credit Losses - Notes Receivable We identified one portfolio segment, loan receivables, for our notes receivable. There were no changes to our policies or practices involving the issuance of notes receivable, customer acquisitions or any other factors that influenced our estimate of expected credit losses for notes receivable during the three and six months ended June 30, 2026. The changes in our allowance for credit losses for notes receivable are as follows (in thousands):
| Three Months Ended June 30, 2026 |  |  |  | Three Months Ended June 30, 2025 |  |  |  | Six Months Ended June 30, 2026 |  |  |  | Six Months Ended June 30, 2025 |  |
Beginning of period balance | $ | (749) |  |  |  |  | $ | (1) |  |  |  |  | $ | (749) |  |  |  |  | $ | (1) |  |  |
Provision for expected credit losses | (3) |  |  |  |  | (749) |  |  |  |  | (3) |  |  |  |  | (749) |  |  |
Write-offs | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |
End of period balance | $ | (752) |  |  |  |  | $ | (750) |  |  |  |  | $ | (752) |  |  |  |  | $ | (750) |  |  |
We manage our notes receivables using delinquency as a key credit quality indicator. The following tables reflect the current and delinquent notes receivable by class of financing receivables and by year of origination (in thousands):
| June 30, 2026
Loan Receivables: | 2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  | Total
Current | $ | 4,550 |  |  | $ | 22,400 |  |  | $ | 500 |  |  | $ | 387 |  |  | $ | 1,500 |  |  | $ | — |  |  |  |  | $ | 29,337 |
30-59 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
60-89 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
90-119 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
120+ days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 943 |  |  |  |  | 943 |
Total | $ | 4,550 |  |  | $ | 22,400 |  |  | $ | 500 |  |  | $ | 387 |  |  | $ | 1,500 |  |  | $ | 943 |  |  |  |  | $ | 30,280 |
| December 31, 2025
Loan Receivables: | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Total
Current | $ | 22,600 |  |  | $ | 500 |  |  | $ | 447 |  |  | $ | 1,500 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,047 |
30-59 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
60-89 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
90-119 days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
120+ days past due | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 943 |  |  | 943 |
Total | $ | 22,600 |  |  | $ | 500 |  |  | $ | 447 |  |  | $ | 1,500 |  |  | $ | — |  |  | $ | 943 |  |  | $ | 25,990 |
There was one note receivable placed on nonaccrual status as of June 30, 2026 and December 31, 2025. During the three and six months ended June 30, 2026 and 2025, there was no interest income recognized related to notes receivable that were in nonaccrual status. As of June 30, 2026 and December 31, 2025, there were $0.2 million of notes receivable placed in nonaccrual status for which there was not a related allowance for credit losses. As of June 30, 2026 and December 31, 2025, there were no notes receivable that were 90 days or greater past due for which we continued to accrue interest income. Prepaid Expenses As of June 30, 2026 and December 31, 2025, $23.4 million and $19.4 million of prepaid expenses were included in other current assets, net, respectively, primarily related to software licenses, long lead-time parts related to our inventory and insurance.

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