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v3.26.1

BUSINESS SEGMENTS | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS The following is a summary of certain financial data for each of the Company’s reportable segments:
Three Months Ended June 30, 2026 |  | Capital Markets |  | Wealth Management |  | Lingo |  | magicJack |  | Marconi Wireless |  | UOL |  | Consumer Products |  | Total Reportable Segments |  | Corporate & All Other(1) |  | Total
Revenues - Services and fees(2) |  | $ | 45,939 |  |  | $ | 48,702 |  |  | $ | 38,788 |  |  | $ | 8,281 |  |  | $ | 6,878 |  |  | $ | 2,881 |  |  | $ | — |  |  | $ | 151,469 |  |  | $ | 22,126 |  |  | $ | 173,595 |
Trading gains (losses), net |  | 4,363 |  |  | 9,251 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,614 |  |  | (740) |  |  | 12,874 |
Fair value adjustment on loans |  | 751 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 751 |  |  | 3,494 |  |  | 4,245 |
Interest income - loans |  | 1,027 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,027 |  |  | 1,144 |  |  | 2,171 |
Interest income - securities lending |  | 1,632 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,632 |  |  | — |  |  | 1,632 |
Revenues - Sale of goods |  | — |  |  | — |  |  | — |  |  | 286 |  |  | 490 |  |  | — |  |  | 43,537 |  |  | 44,313 |  |  | 287 |  |  | 44,600 |
Total revenues |  | 53,712 |  |  | 57,953 |  |  | 38,788 |  |  | 8,567 |  |  | 7,368 |  |  | 2,881 |  |  | 43,537 |  |  | 212,806 |  |  | 26,311 |  |  | 239,117 |
Direct cost of services |  | — |  |  | — |  |  | (21,306) |  |  | (1,698) |  |  | (2,211) |  |  | (884) |  |  | — |  |  | (26,099) |  |  | (3,265) |  |  | (29,364) |
Cost of goods sold |  | — |  |  | — |  |  | — |  |  | (274) |  |  | (497) |  |  | — |  |  | (30,282) |  |  | (31,053) |  |  | (308) |  |  | (31,361) |
Employee compensation and benefits |  | (28,182) |  |  | (33,266) |  |  | (4,016) |  |  | (642) |  |  | (311) |  |  | (201) |  |  | (9,604) |  |  | (76,222) |  |  | (12,365) |  |  | (88,587) |
Professional services |  | (366) |  |  | (255) |  |  | (28) |  |  | (297) |  |  | (74) |  |  | (30) |  |  | (1,244) |  |  | (2,294) |  |  | (9,653) |  |  | (11,947) |
Occupancy-related costs |  | (1,593) |  |  | (1,946) |  |  | (549) |  |  | (345) |  |  | (444) |  |  | (158) |  |  | (1,214) |  |  | (6,249) |  |  | (3,032) |  |  | (9,281) |
Depreciation and amortization |  | (197) |  |  | (384) |  |  | (3,213) |  |  | (846) |  |  | (469) |  |  | (21) |  |  | (1,701) |  |  | (6,831) |  |  | (717) |  |  | (7,548) |
Other selling, general and administrative expenses(3) |  | (7,593) |  |  | (4,555) |  |  | (4,357) |  |  | (292) |  |  | (365) |  |  | (98) |  |  | (1,056) |  |  | (18,316) |  |  | 2,302 |  |  | (16,014) |
Restructuring charge |  | (1,757) |  |  | (29) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (128) |  |  | (1,914) |  |  | — |  |  | (1,914) |
Impairment of tradename |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,000) |  |  | (4,000) |  |  | — |  |  | (4,000) |
Interest expense - Securities lending and loan participations sold |  | (906) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (906) |  |  | — |  |  | (906) |
Segment income (loss) |  | $ | 13,118 |  |  | $ | 17,518 |  |  | $ | 5,319 |  |  | $ | 4,173 |  |  | $ | 2,997 |  |  | $ | 1,489 |  |  | $ | (5,692) |  |  | $ | 38,922 |  |  | $ | (727) |  |  | $ | 38,195 |
(1) | Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, and individual investment and lending entities.
(2) | Revenues - Services and fees for the Corporate and All Other category includes intersegment eliminations.
(3) | Other selling, general and administrative expenses for the Corporate and All Other category includes intersegment eliminations and corporate expense allocations to segments.
Three Months Ended June 30, 2025 |  | Capital Markets |  | Wealth Management |  | Lingo |  | magicJack |  | Marconi Wireless |  | UOL |  | Consumer Products |  | Total Reportable Segments |  | Corporate & All Other(1) |  | Total
Revenues - Services and fees(2) |  | $ | 37,919 |  |  | $ | 33,421 |  |  | $ | 39,907 |  |  | $ | 9,473 |  |  | $ | 8,065 |  |  | $ | 3,287 |  |  | $ | — |  |  | $ | 132,072 |  |  | $ | 13,700 |  |  | $ | 145,772 |
Trading gains, net |  | 21,249 |  |  | 5,200 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26,449 |  |  | 1,231 |  |  | 27,680 |
Fair value adjustment on loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 800 |  |  | 800 |
Interest income - loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,853 |  |  | 3,853 |
Interest income - securities lending |  | 2,124 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,124 |  |  | — |  |  | 2,124 |
Revenues - Sale of goods |  | — |  |  | — |  |  | — |  |  | 304 |  |  | 1,167 |  |  | — |  |  | 43,284 |  |  | 44,755 |  |  | 318 |  |  | 45,073 |
Total revenues |  | 61,292 |  |  | 38,621 |  |  | 39,907 |  |  | 9,777 |  |  | 9,232 |  |  | 3,287 |  |  | 43,284 |  |  | 205,400 |  |  | 19,902 |  |  | 225,302 |
Direct cost of services |  | — |  |  | — |  |  | (22,957) |  |  | (1,868) |  |  | (3,738) |  |  | (1,011) |  |  | — |  |  | (29,574) |  |  | (3,642) |  |  | (33,216) |
Cost of goods sold |  | — |  |  | — |  |  | — |  |  | (316) |  |  | (1,401) |  |  | — |  |  | (33,031) |  |  | (34,748) |  |  | (365) |  |  | (35,113) |
Employee compensation and benefits |  | (29,259) |  |  | (29,499) |  |  | (4,884) |  |  | (762) |  |  | (748) |  |  | (358) |  |  | (9,158) |  |  | (74,668) |  |  | (14,474) |  |  | (89,142) |
Professional services |  | (923) |  |  | (582) |  |  | (149) |  |  | (313) |  |  | (93) |  |  | (28) |  |  | (800) |  |  | (2,888) |  |  | (8,766) |  |  | (11,654) |
Occupancy-related costs |  | (1,636) |  |  | (4,513) |  |  | (757) |  |  | (385) |  |  | (621) |  |  | (182) |  |  | (1,483) |  |  | (9,577) |  |  | (4,701) |  |  | (14,278) |
Depreciation and amortization |  | (680) |  |  | (411) |  |  | (3,329) |  |  | (878) |  |  | (483) |  |  | (64) |  |  | (1,952) |  |  | (7,797) |  |  | (848) |  |  | (8,645) |
Other selling, general and administrative expenses(3) |  | (9,919) |  |  | (4,935) |  |  | (4,904) |  |  | (165) |  |  | (343) |  |  | (94) |  |  | (1,228) |  |  | (21,588) |  |  | 2,938 |  |  | (18,650) |
Restructuring charge |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (36) |  |  | (36) |  |  | (285) |  |  | (321) |
Impairment of tradename |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,500) |  |  | (1,500) |  |  | — |  |  | (1,500) |
Interest expense - Securities lending and loan participations sold |  | (1,655) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,655) |  |  | (313) |  |  | (1,968) |
Segment income (loss) |  | $ | 17,220 |  |  | $ | (1,319) |  |  | $ | 2,927 |  |  | $ | 5,090 |  |  | $ | 1,805 |  |  | $ | 1,550 |  |  | $ | (5,904) |  |  | $ | 21,369 |  |  | $ | (10,554) |  |  | $ | 10,815 |
(1) | Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, and individual investment and lending entities.
(2) | Revenues - Services and fees for the Corporate and All Other category includes intersegment eliminations.
(3) | Other selling, general and administrative expenses for the Corporate and All Other category includes intersegment eliminations and corporate expense allocations to segments.
Six Months Ended June 30, 2026 |  | Capital Markets |  | Wealth Management |  | Lingo |  | magicJack |  | Marconi Wireless |  | UOL |  | Consumer Products |  | Total Reportable Segments |  | Corporate & All Other(1) |  | Total
Revenues - Services and fees(2) |  | $ | 81,489 |  |  | $ | 90,781 |  |  | $ | 79,578 |  |  | $ | 16,754 |  |  | $ | 13,904 |  |  | $ | 5,702 |  |  | $ | — |  |  | $ | 288,208 |  |  | $ | 37,509 |  |  | $ | 325,717 |
Trading gains (losses), net |  | 139,666 |  |  | 19,347 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 159,013 |  |  | (1,078) |  |  | 157,935 |
Fair value adjustment on loans |  | 751 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 751 |  |  | 10,039 |  |  | 10,790 |
Interest income - loans |  | 1,034 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,034 |  |  | 2,851 |  |  | 3,885 |
Interest income - securities lending |  | 2,883 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,883 |  |  | — |  |  | 2,883 |
Revenues - Sale of goods |  | — |  |  | — |  |  | — |  |  | 596 |  |  | 1,001 |  |  | — |  |  | 87,652 |  |  | 89,249 |  |  | 718 |  |  | 89,967 |
Total revenues |  | 225,823 |  |  | 110,128 |  |  | 79,578 |  |  | 17,350 |  |  | 14,905 |  |  | 5,702 |  |  | 87,652 |  |  | 541,138 |  |  | 50,039 |  |  | 591,177 |
Direct cost of services |  | — |  |  | — |  |  | (44,969) |  |  | (3,405) |  |  | (4,428) |  |  | (1,779) |  |  | — |  |  | (54,581) |  |  | (6,485) |  |  | (61,066) |
Cost of goods sold |  | — |  |  | — |  |  | — |  |  | (556) |  |  | (1,026) |  |  | — |  |  | (61,460) |  |  | (63,042) |  |  | (684) |  |  | (63,726) |
Employee compensation and benefits |  | (54,373) |  |  | (64,453) |  |  | (8,591) |  |  | (1,367) |  |  | (679) |  |  | (331) |  |  | (18,911) |  |  | (148,705) |  |  | (27,049) |  |  | (175,754) |
Professional services |  | (896) |  |  | (511) |  |  | (55) |  |  | (626) |  |  | (151) |  |  | (72) |  |  | (2,895) |  |  | (5,206) |  |  | (23,217) |  |  | (28,423) |
Occupancy-related costs |  | (3,231) |  |  | (4,117) |  |  | (1,243) |  |  | (697) |  |  | (931) |  |  | (309) |  |  | (2,761) |  |  | (13,289) |  |  | (6,475) |  |  | (19,764) |
Depreciation and amortization |  | (474) |  |  | (769) |  |  | (6,431) |  |  | (1,693) |  |  | (939) |  |  | (44) |  |  | (3,357) |  |  | (13,707) |  |  | (1,430) |  |  | (15,137) |
Other selling, general and administrative expenses(3) |  | (13,116) |  |  | (6,747) |  |  | (9,206) |  |  | (582) |  |  | (677) |  |  | (205) |  |  | (2,473) |  |  | (33,006) |  |  | 4,359 |  |  | (28,647) |
Restructuring charge |  | (1,757) |  |  | (29) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (128) |  |  | (1,914) |  |  | — |  |  | (1,914) |
Impairment of tradename |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,000) |  |  | (4,000) |  |  | — |  |  | (4,000) |
Interest expense - Securities lending and loan participations sold |  | (1,623) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,623) |  |  | — |  |  | (1,623) |
Segment income (loss) |  | $ | 150,353 |  |  | $ | 33,502 |  |  | $ | 9,083 |  |  | $ | 8,424 |  |  | $ | 6,074 |  |  | $ | 2,962 |  |  | $ | (8,333) |  |  | $ | 202,065 |  |  | $ | (10,942) |  |  | $ | 191,123 |
(1) | Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, and individual investment and lending entities.
(2) | Revenues - Services and fees for the Corporate and All Other category includes intersegment eliminations.
(3) | Other selling, general and administrative expenses for the Corporate and All Other category includes intersegment eliminations and corporate expense allocations to segments.
Six Months Ended June 30, 2025 |  | Capital Markets |  | Wealth Management |  | Lingo |  | magicJack |  | Marconi Wireless |  | UOL |  | Consumer Products |  | Total Reportable Segments |  | Corporate & All Other(1) |  | Total
Revenues - Services and fees(2) |  | $ | 59,511 |  |  | $ | 80,087 |  |  | $ | 81,460 |  |  | $ | 18,919 |  |  | $ | 16,606 |  |  | $ | 6,920 |  |  | $ | — |  |  | $ | 263,503 |  |  | $ | 41,108 |  |  | $ | 304,611 |
Trading gains, net |  | 3,983 |  |  | 5,812 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,795 |  |  | 1,714 |  |  | 11,509 |
Fair value adjustment on loans |  | (3,131) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,131) |  |  | (4,165) |  |  | (7,296) |
Interest income - loans |  | 65 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 65 |  |  | 6,984 |  |  | 7,049 |
Interest income - securities lending |  | 2,964 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,964 |  |  | — |  |  | 2,964 |
Revenues - Sale of goods |  | — |  |  | — |  |  | — |  |  | 659 |  |  | 2,113 |  |  | — |  |  | 85,387 |  |  | 88,159 |  |  | 4,369 |  |  | 92,528 |
Total revenues |  | 63,392 |  |  | 85,899 |  |  | 81,460 |  |  | 19,578 |  |  | 18,719 |  |  | 6,920 |  |  | 85,387 |  |  | 361,355 |  |  | 50,010 |  |  | 411,365 |
Direct cost of services |  | — |  |  | — |  |  | (48,121) |  |  | (3,858) |  |  | (8,034) |  |  | (2,185) |  |  | — |  |  | (62,198) |  |  | (13,718) |  |  | (75,916) |
Cost of goods sold |  | — |  |  | — |  |  | — |  |  | (650) |  |  | (2,584) |  |  | — |  |  | (64,660) |  |  | (67,894) |  |  | (3,952) |  |  | (71,846) |
Employee compensation and benefits |  | (50,963) |  |  | (63,169) |  |  | (9,656) |  |  | (1,506) |  |  | (1,502) |  |  | (603) |  |  | (19,061) |  |  | (146,460) |  |  | (34,665) |  |  | (181,125) |
Professional services |  | (1,491) |  |  | (991) |  |  | (343) |  |  | (794) |  |  | (178) |  |  | (40) |  |  | (1,975) |  |  | (5,812) |  |  | (24,066) |  |  | (29,878) |
Occupancy-related costs |  | (3,675) |  |  | (7,995) |  |  | (1,615) |  |  | (756) |  |  | (1,246) |  |  | (353) |  |  | (2,933) |  |  | (18,573) |  |  | (8,029) |  |  | (26,602) |
Depreciation and amortization |  | (1,361) |  |  | (1,417) |  |  | (6,646) |  |  | (1,758) |  |  | (966) |  |  | (136) |  |  | (3,864) |  |  | (16,148) |  |  | (2,498) |  |  | (18,646) |
Other selling, general and administrative expenses(3) |  | (22,276) |  |  | (11,922) |  |  | (9,753) |  |  | (550) |  |  | (660) |  |  | (199) |  |  | (2,403) |  |  | (47,763) |  |  | (5,743) |  |  | (53,506) |
Restructuring charge |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (36) |  |  | (36) |  |  | (285) |  |  | (321) |
Impairment of tradename |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,500) |  |  | (1,500) |  |  | — |  |  | (1,500) |
Interest expense - Securities lending and loan participations sold |  | (2,149) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,149) |  |  | (538) |  |  | (2,687) |
Segment (loss) income |  | $ | (18,523) |  |  | $ | 405 |  |  | $ | 5,326 |  |  | $ | 9,706 |  |  | $ | 3,549 |  |  | $ | 3,404 |  |  | $ | (11,045) |  |  | $ | (7,178) |  |  | $ | (43,484) |  |  | $ | (50,662) |
(1) | Corporate and All Other consists of general corporate administrative functions not allocable to reportable segments and operating segments and entities that individually, or in aggregate, do not meet the criteria of a separate reportable segment including bebe, Nogin (deconsolidated in March 2025), Atlantic Coast Recycling (sold in March 2025), and individual investment and lending entities.
(2) | Revenues - Services and fees for the Corporate and All Other category includes intersegment eliminations.
(3) | Other selling, general and administrative expenses for the Corporate and All Other category includes intersegment eliminations and corporate expense allocations to segments.
Reconciliation of Segment Income (Loss) to Net Income:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Segment income (loss) | $ | 38,195 |  |  | 10,815 |  |  | $ | 191,123 |  |  | $ | (50,662) |
Interest income | 339 |  |  | 492 |  |  | 697 |  |  | 1,978 |
Dividend income | 133 |  |  | 122 |  |  | 802 |  |  | 257 |
Realized and unrealized gains (losses) on investments | 12,092 |  |  | 10,216 |  |  | 117,192 |  |  | (4,284) |
Change in fair value of financial instruments and other | 1,546 |  |  | 11,884 |  |  | (2,881) |  |  | 12,806 |
Gain on sale and deconsolidation of businesses | — |  |  | 5,372 |  |  | — |  |  | 86,213 |
Gain on senior note exchange | — |  |  | 44,454 |  |  | — |  |  | 54,986 |
(Loss) income from equity investments | (5,459) |  |  | 25,603 |  |  | (4,133) |  |  | 25,051 |
(Loss) gain on extinguishment of debt | (1,283) |  |  | (10,266) |  |  | 1,607 |  |  | (20,693) |
Interest expense: |  |  |  |  |  |  |
Capital Markets segment | — |  |  | — |  |  | — |  |  | (30) |
Lingo segment | — |  |  | — |  |  | — |  |  | (66) |
Consumer Products segment | (354) |  |  | (443) |  |  | (733) |  |  | (860) |
Corporate and All Other | (17,662) |  |  | (23,509) |  |  | (37,077) |  |  | (52,960) |
Interest expense | (18,016) |  |  | (23,952) |  |  | (37,810) |  |  | (53,916) |
Income from continuing operations before income taxes | 27,547 |  |  | 74,740 |  |  | 266,597 |  |  | 51,736 |
Provision for income taxes | (5,950) |  |  | (3,053) |  |  | (22,841) |  |  | (11) |
Income from continuing operations | 21,597 |  |  | 71,687 |  |  | 243,756 |  |  | 51,725 |
Income from discontinued operations, net of income taxes | — |  |  | 69,312 |  |  | — |  |  | 72,707 |
Net income | 21,597 |  |  | 140,999 |  |  | 243,756 |  |  | 124,432 |
Net income (loss) attributable to noncontrolling interests | 1,048 |  |  | 1,528 |  |  | 9,934 |  |  | (5,064) |
Net income attributable to BRC Group Holdings, Inc. | 20,549 |  |  | 139,471 |  |  | 233,822 |  |  | 129,496 |
Preferred stock dividends | 2,015 |  |  | 2,015 |  |  | 4,030 |  |  | 4,030 |
Net income available to common shareholders | $ | 18,534 |  |  | $ | 137,456 |  |  | $ | 229,792 |  |  | $ | 125,466 |
The following table presents revenues by geographical area:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |
Services and fees |  |  |  |  |  |  |  |  |  |  |
North America | $ | 173,595 |  |  | $ | 145,772 |  |  | $ | 325,717 |  |  | $ | 304,611 |  |  |  |  |
Trading gains, net |  |  |  |  |  |  |  |  |  |  |
North America | 12,874 |  |  | 27,680 |  |  | 157,935 |  |  | 11,509 |  |  |  |  |
Fair value adjustments on loans |  |  |  |  |  |  |  |  |  |  |
North America | 4,245 |  |  | 800 |  |  | 10,790 |  |  | (7,296) |  |  |  |  |
Interest income - loans |  |  |  |  |  |  |  |  |  |  |
North America | 2,171 |  |  | 3,853 |  |  | 3,885 |  |  | 7,049 |  |  |  |  |
Interest income - securities lending |  |  |  |  |  |  |  |  |  |  |
North America | 1,632 |  |  | 2,124 |  |  | 2,883 |  |  | 2,964 |  |  |  |  |
Sale of goods |  |  |  |  |  |  |  |  |  |  |
North America | 23,609 |  |  | 22,598 |  |  | 46,147 |  |  | 48,819 |  |  |  |  |
Australia | 1,973 |  |  | 2,563 |  |  | 4,111 |  |  | 4,682 |  |  |  |  |
Europe, Middle East, and Africa | 11,095 |  |  | 12,743 |  |  | 23,874 |  |  | 24,970 |  |  |  |  |
Asia | 5,989 |  |  | 5,327 |  |  | 11,688 |  |  | 10,277 |  |  |  |  |
Latin America | 1,934 |  |  | 1,842 |  |  | 4,147 |  |  | 3,780 |  |  |  |  |
Total - Sale of goods | 44,600 |  |  | 45,073 |  |  | $ | 89,967 |  |  | $ | 92,528 |  |  |  |  |
Total Revenues |  |  |  |  |  |  |  |  |  |  |
North America | 218,126 |  |  | 202,827 |  |  | $ | 547,357 |  |  | $ | 367,656 |  |  |  |  |
Australia | 1,973 |  |  | 2,563 |  |  | 4,111 |  |  | 4,682 |  |  |  |  |
Europe, Middle East, and Africa | 11,095 |  |  | 12,743 |  |  | 23,874 |  |  | 24,970 |  |  |  |  |
Asia | 5,989 |  |  | 5,327 |  |  | 11,688 |  |  | 10,277 |  |  |  |  |
Latin America | 1,934 |  |  | 1,842 |  |  | 4,147 |  |  | 3,780 |  |  |  |  |
Total Revenues | $ | 239,117 |  |  | $ | 225,302 |  |  | $ | 591,177 |  |  | $ | 411,365 |  |  |  |  |
The following table presents long-lived assets, which consists of property and equipment, net, by geographical area:
| June 30, 2026 |  | December 31, 2025
Long-lived Assets - Property and Equipment, net: |  |  |
North America | $ | 17,766 |  |  | $ | 17,450 |
Europe | 30 |  |  | 88 |
Asia Pacific | 46 |  |  | 62 |
Australia | 8 |  |  | 6 |
Total | $ | 17,850 |  |  | $ | 17,606 |
Segment assets are not reported to, or used by, the Company’s CODM to allocate resources to, or assess performance of the segments and therefore, total segment assets have not been disclosed.

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