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.

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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).