Annual report [Section 13 and 15(d), not S-K Item 405]

Non-Controlling Interests

v3.26.1
Non-Controlling Interests
12 Months Ended
Dec. 31, 2025
Non-Controlling Interests  
Non-Controlling Interests

11. Non-Controlling Interests

On May 30, 2025, Checkpoint ceased to be a controlled Fortress entity and as such is no longer consolidated (see Note 3). On November 5, 2025, Baergic ceased to be a controlled Avenue entity and as such is no longer consolidated by Avenue.

The Company’s ownership interest in its consolidated subsidiaries in 2025 was similar to 2024, except for Journey, which decreased from 44.5% to 36.3% due to dilution from the issuance of equity securities (see Note 13).