Investments in Unconsolidated Entities

9 Months Ended

Sep. 30, 2025

Investments in Unconsolidated Entities [Abstract]

Equity Method Investments and Joint Ventures Disclosure

Investments in Unconsolidated Entities

As of September 30, 2025 and December 31, 2024, our investment in unconsolidated entities balance totaled $71.8 million and $85.3 million, respectively. We have investments in both equity method investments and investments in equity securities with and without a readily determinable fair value.

The carrying amount of investments in equity securities without a readily determinable fair value was $42.5 million and $41.1 million as of September 30, 2025 and December 31, 2024, respectively. We did not record any material adjustments or impairment losses in the first nine months of 2025 or 2024.