v3.26.1
Investments in Unconsolidated Entities
3 Months Ended
Mar. 31, 2026
Investments in Unconsolidated Entities [Abstract]  
Equity Method Investments and Joint Ventures Disclosure Investments in Unconsolidated Entities
As of March 31, 2026 and December 31, 2025, our investment in unconsolidated entities balance totaled $50.3 million. 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, including our investment in SmartX Advisory Solutions, was $44.4 million and $44.0 million as of March 31, 2026 and December 31, 2025, respectively. We did not record any material adjustments or impairment losses in the first three months of 2026 or 2025.