Other Assets

3 Months Ended

Mar. 31, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

9 — Other Assets

As of March 31, 2026 and December 31, 2025, other assets consisted of:

	March 31,		December 31,
	2026		2025
	in thousands
Prepaid software-as-a-service ("SaaS") implementation costs	$	57,667	$	56,971
Prepaid selling, general, and administrative expenses	28,983		20,707
Inventory (1)	31,786		12,410
Property and equipment, net	16,558		16,253
Lease right-of-use assets (2)	39,057		40,657
Contract assets	4,494		18,233
Costs to obtain contracts with customers	9,295		9,965
Ceded commission receivable	9,290		8,004
Other investments (3)	10,758		10,135
Accrued investment income	5,665		5,613
Deferred financing costs related to revolving credit facilities	3,438		3,707
Other (4)	11,395		5,331
Other assets	$	228,386	$	207,986

(1)    Inventory primarily includes vehicles owned by Broad Arrow that have been purchased for resale purposes.

(2)    Refer to Note 10 — Leases for additional information.

(3)    Other investments includes strategic investments, which are classified as Level 3 within the fair value hierarchy. Based on the nature and size of these investments, the carrying values approximate their fair values.

(4)    As of March 31, 2026, Other primarily included a $4.5 million deposit held by a ceding insurance carrier for the payment of claims, $2.7 million of collector vehicle investments, $1.2 million related to capitalized digital media content, and $0.9 million of business tax recoverables. As of December 31, 2025, Other primarily included $2.7 million of collector vehicle investments, $1.4 million related to capitalized digital media content, and $1.0 million of business tax recoverables.