v3.25.4
Equity Method Investment
12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment

12. EQUITY METHOD INVESTMENT

The Company maintains an investment in a limited partnership (the “Investee”). The Company invested $10.2 million, including related fees and expenses, for an approximate 7% interest of the Investee.

Since the Company’s investment in June 2021, the Investee has not recognized any income or loss, thus there have been no changes to the carrying value of the Company’s equity method investment and the investment is recorded at $10.2 million as of December 31, 2025 and 2024 on the consolidated balance sheets.