XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.26.1

FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities at Fair Value on Recurring Basis | The Company measures the following assets and liabilities at fair value on a recurring basis:
|  | As of March 31, 2026
(in millions) |  | Recorded Balance |  | Level 1 |  | Level 2 |  | Level 3
Cash, cash equivalents, and restricted cash |  | $ | 133.5 |  |  | $ | 133.5 |  |  | $ | — |  |  | $ | — |
Marketable securities |  | 162.1 |  |  | 162.1 |  |  | — |  |  | — |
EVE Investment |  | 12.2 |  |  | 2.5 |  |  | — |  |  | 9.7 |
Total |  | $ | 307.8 |  |  | $ | 298.1 |  |  | $ | — |  |  | $ | 9.7 |
|  | As of December 31, 2025
(in millions) |  | Recorded Balance |  | Level 1 |  | Level 2 |  | Level 3
Cash, cash equivalents, and restricted cash |  | $ | 157.7 |  |  | $ | 157.7 |  |  | $ | — |  |  | $ | — |
Marketable securities |  | 162.2 |  |  | 162.2 |  |  | — |  |  | — |
EVE Investment |  | 15.4 |  |  | 4.0 |  |  | — |  |  | 11.4 |
Total |  | $ | 335.3 |  |  | $ | 323.9 |  |  | $ | — |  |  | $ | 11.4 |
Schedule of Fair Valuation of Level 3 Investments | The implied volatility, which is the unobservable input, used in the determination of fair value of Level 3 investments for the three months ended March 31, 2026 and 2025 is as follows:
| Three Months Ended
| March 31, 2026 |  | March 31, 2025
EVE Investment | 61.4 | % |  | 73.4 | %

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration