Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

(in thousands)

(in thousands)

Fair value adjustments on equity investments

$

(2,304)

$

—

$

(2,304)

$

—

Net gain on divestitures of intellectual property

—

(11,678)

—

(11,678)

Fair value adjustments on related party warrants

—

2

(1,122)

—

Fair value adjustments on warrants liability

—

—

—

68

Gain from settlement of arbitration award

—

—

17,000

—

Earnings (loss) from equity method investments

31

(2,325)

6,501

(2,435)

Other

51

12

670

32

Total other income (expense)

$

(2,222)

$

(13,989)

$

20,745

$

(14,013)