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Equity Method Investments (Tables)
12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following tables present summarized financial information of TailFin's statements of operations and balance sheets.
December 31,
202520242023
(In thousands)
Interest income$2,945 $6,316 $4,398 
Sales and marketing expenses(9,219)(9,898)(9,916)
Compensation and professional services(10,242)(12,522)(2,434)
Other(100)— — 
Net loss(16,616)(16,104)(7,952)
Investor HLBV basis adjustment (1)
(70,000)— — 
Equity in losses attributable to TailFin$(86,616)$(16,104)$(7,952)
(1)
The incentive payment of $70 million has been recorded as a deferred asset on TailFin’s balance sheet and will be amortized over the revised term of the Agreements through 2033. Under the HLBV method and based on the terms of the agreement, we expensed the amount upon payment.
December 31,
20252024
(In thousands)
Cash and cash equivalents$41,771 $126,757 
Other assets$66,259 $1,015 
Total liabilities$2,296 $151 
Net equity$105,734 $127,621