Audit Information |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Auditor Information [Abstract] | |
| Auditor Firm ID | 42 |
| Auditor Name | Ernst & Young LLP |
| Auditor Location | Chicago, Illinois |
Consolidated Income Statements - USD ($) shares in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Revenue: | |||
| Total revenue | $ 4,590.7 | $ 4,284.2 | $ 3,679.6 |
| Operating expenses: | |||
| Selling, general and administrative | 905.2 | 773.9 | 743.7 |
| Acquisition-related and integration costs | 19.4 | 29.0 | 216.1 |
| Depreciation and amortization | 483.4 | 444.4 | 352.2 |
| Total operating expenses | 3,869.9 | 3,526.8 | 3,213.2 |
| Gain on disposition of property, plant and equipment | 2.2 | 3.8 | 4.9 |
| Loss on divestiture and deconsolidation, net | (9.6) | 0.0 | 0.0 |
| Operating income | 713.4 | 761.2 | 471.3 |
| Interest expense | (191.6) | (233.7) | (213.8) |
| Interest income | 14.9 | 26.2 | 22.0 |
| Other income (loss), net | (0.1) | (1.7) | 4.7 |
| Foreign exchange loss | (1.0) | (1.9) | (1.8) |
| Income before income taxes | 535.6 | 550.1 | 282.4 |
| Income tax expense | 108.0 | 137.3 | 76.4 |
| Net income | 427.6 | 412.8 | 206.0 |
| Net income (loss) attributable to: | |||
| Controlling interests | 428.4 | 413.1 | 206.5 |
| Redeemable non-controlling interest | (0.8) | (0.3) | (0.5) |
| Net income | 427.6 | 412.8 | 206.0 |
| Net income attributable to controlling interests | 428.4 | 413.1 | 206.5 |
| Cumulative dividends on Series A Senior Preferred Shares | (26.7) | (26.7) | (24.3) |
| Allocated earnings to Series A Senior Preferred Shares | (14.2) | (13.7) | (7.3) |
| Adjustment of redeemable non-controlling interest | (5.3) | 0.0 | 0.0 |
| Net income available to common stockholders | $ 382.2 | $ 372.7 | $ 174.9 |
| Earnings per share available to common stockholders: | |||
| Basic (usd per share) | $ 2.06 | $ 2.03 | $ 1.05 |
| Diluted (usd per share) | $ 2.04 | $ 2.01 | $ 1.04 |
| Weighted-average number of shares outstanding: | |||
| Basic (in shares) | 185.4 | 184.0 | 167.0 |
| Diluted (in shares) | 186.9 | 185.3 | 168.2 |
| Service revenue | |||
| Revenue: | |||
| Total revenue | $ 3,502.2 | $ 3,363.6 | $ 2,732.5 |
| Operating expenses: | |||
| Direct expenses | 1,431.3 | 1,415.7 | 1,007.6 |
| Inventory sales revenue | |||
| Revenue: | |||
| Total revenue | 1,088.5 | 920.6 | 947.1 |
| Operating expenses: | |||
| Direct expenses | $ 1,030.6 | $ 863.8 | $ 893.6 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Statement of Comprehensive Income [Abstract] | |||
| Net income | $ 427.6 | $ 412.8 | $ 206.0 |
| Other comprehensive income (loss), net of income tax: | |||
| Foreign currency translation adjustments | 76.5 | (80.8) | 41.1 |
| Comprehensive income | 504.1 | 332.0 | 247.1 |
| Comprehensive income (loss) attributable to: | |||
| Controlling interests | 504.9 | 332.3 | 247.6 |
| Redeemable non-controlling interest | (0.8) | (0.3) | (0.5) |
| Comprehensive income | $ 504.1 | $ 332.0 | $ 247.1 |
Consolidated Balance Sheets - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 531.5 | $ 533.9 |
| Restricted cash | 163.3 | 174.9 |
| Trade and other receivables, net of allowance for credit losses of $8.6 and $7.2, respectively | 706.3 | 709.4 |
| Prepaid consigned vehicle charges | 62.4 | 67.9 |
| Inventory | 139.8 | 121.5 |
| Other current assets | 107.8 | 77.0 |
| Income taxes receivable | 73.7 | 30.2 |
| Total current assets | 1,784.8 | 1,714.8 |
| Property, plant and equipment, net | 1,522.3 | 1,275.4 |
| Operating lease right-of-use assets | 1,545.5 | 1,529.1 |
| Other non-current assets | 149.4 | 98.4 |
| Intangible assets, net | 2,464.5 | 2,668.7 |
| Goodwill | 4,668.0 | 4,511.8 |
| Deferred tax assets | 8.5 | 8.8 |
| Total assets | 12,143.0 | 11,807.0 |
| Current liabilities: | ||
| Auction proceeds payable | 457.9 | 378.0 |
| Trade and other liabilities | 836.5 | 782.0 |
| Current operating lease liabilities | 128.2 | 113.3 |
| Income taxes payable | 6.7 | 26.2 |
| Short-term debt | 137.5 | 27.7 |
| Current portion of long-term debt | 51.2 | 4.1 |
| Total current liabilities | 1,618.0 | 1,331.3 |
| Long-term operating lease liabilities | 1,456.8 | 1,431.1 |
| Long-term debt | 2,282.8 | 2,622.1 |
| Other non-current liabilities | 158.5 | 97.4 |
| Deferred tax liabilities | 559.2 | 608.7 |
| Total liabilities | 6,075.3 | 6,090.6 |
| Temporary equity: | ||
| Series A Senior Preferred Shares; shares authorized, issued and outstanding: 485.0 million | 482.0 | 482.0 |
| Redeemable non-controlling interest | 12.6 | 8.1 |
| Stockholders' equity: | ||
| Senior preferred and junior preferred stock; unlimited shares authorized; shares issued and outstanding, other than Series A Senior Preferred Shares: nil | 0.0 | 0.0 |
| Common stock and additional paid-in capital, no par value; unlimited shares authorized; shares issued and outstanding: 185.9 million and 184.7 million | 4,365.1 | 4,258.5 |
| Retained earnings | 1,254.6 | 1,090.3 |
| Accumulated other comprehensive loss | (48.3) | (124.8) |
| Stockholders' equity | 5,571.4 | 5,224.0 |
| Non-controlling interests | 1.7 | 2.3 |
| Total stockholders' equity | 5,573.1 | 5,226.3 |
| Total liabilities, temporary equity and stockholders' equity | $ 12,143.0 | $ 11,807.0 |
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Allowance for credit losses | $ 8.6 | $ 7.2 |
| Temporary equity, authorized shares (in shares) | 485,000,000.0 | |
| Temporary equity, issued shares (in shares) | 485,000,000.0 | |
| Temporary equity, outstanding shares (in shares) | 485,000,000.0 | |
| Preferred stock, authorized shares (in shares) | 0 | |
| Preferred stock, issued shares (in shares) | 0 | |
| Preferred stock, outstanding shares (in shares) | 0 | |
| Common stock, par value (usd per share) | $ 0 | $ 0 |
| Common stock, authorized shares (in shares) | 185,900,000 | 184,700,000 |
| Common stock, issued shares (in shares) | 185,900,000 | 184,700,000 |
| Common stock, outstanding shares (in shares) | 185,900,000 | 184,700,000 |
Consolidated Statements of Changes in Temporary Equity and Stockholders' Equity - USD ($) shares in Millions, $ in Millions |
Total |
Series A Senior Preferred Shares |
Redeemable non- controlling interest |
Common stock and additional paid-in capital |
Retained earnings |
Accumulated other comprehensive loss |
Non- controlling interests |
|---|---|---|---|---|---|---|---|
| Beginning balance (in shares) at Dec. 31, 2022 | 0.0 | ||||||
| Beginning balance at Dec. 31, 2022 | $ 0.0 | $ 0.0 | |||||
| Increase (Decrease) in Temporary Equity [Roll Forward] | |||||||
| Net income (loss) | (0.5) | ||||||
| Issuance of common stock and preferred stock (in shares) | 485.0 | ||||||
| Issuance of common stock and preferred stock | $ 482.0 | ||||||
| Non-controlling interests acquired | 8.9 | ||||||
| Ending balance (in shares) at Dec. 31, 2023 | 485.0 | ||||||
| Ending balance at Dec. 31, 2023 | $ 482.0 | 8.4 | |||||
| Beginning balance (in shares) at Dec. 31, 2022 | 110.9 | ||||||
| Beginning balance at Dec. 31, 2022 | $ 1,290.1 | $ 331.5 | $ 1,043.2 | $ (85.1) | $ 0.5 | ||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
| Net income (loss) | 206.5 | 206.5 | |||||
| Other comprehensive income | 41.1 | 41.1 | |||||
| Share-based payments expense | 35.0 | $ 35.0 | |||||
| Issuance of common stock and preferred stock (in shares) | 71.9 | ||||||
| Issuance of common stock and preferred stock | 3,793.1 | $ 3,793.1 | |||||
| Tax withholding related to vesting of share units | (19.0) | (19.0) | |||||
| Series A Senior Preferred Share preferred and participating dividends | (31.6) | $ (7.3) | (31.6) | ||||
| Common stock dividends | (298.0) | $ 1.6 | (299.6) | ||||
| Non-controlling interests acquired | 1.8 | 1.8 | |||||
| Adjustment of redeemable non-controlling interest | 0.0 | ||||||
| Ending balance (in shares) at Dec. 31, 2023 | 182.8 | ||||||
| Ending balance at Dec. 31, 2023 | 5,019.0 | $ 4,142.2 | 918.5 | (44.0) | 2.3 | ||
| Increase (Decrease) in Temporary Equity [Roll Forward] | |||||||
| Net income (loss) | (0.3) | ||||||
| Ending balance (in shares) at Dec. 31, 2024 | 485.0 | ||||||
| Ending balance at Dec. 31, 2024 | $ 482.0 | 8.1 | |||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
| Net income (loss) | 413.1 | 413.1 | |||||
| Other comprehensive income | (80.8) | (80.8) | |||||
| Share-based payments expense | 55.4 | $ 55.4 | |||||
| Issuance of common stock and preferred stock (in shares) | 1.9 | ||||||
| Issuance of common stock and preferred stock | 75.5 | $ 75.5 | |||||
| Tax withholding related to vesting of share units | (15.7) | (15.7) | |||||
| Series A Senior Preferred Share preferred and participating dividends | (34.2) | $ (7.5) | (34.2) | ||||
| Common stock dividends | (206.0) | $ 1.1 | (207.1) | ||||
| Adjustment of redeemable non-controlling interest | $ 0.0 | ||||||
| Ending balance (in shares) at Dec. 31, 2024 | 184.7 | 184.7 | |||||
| Ending balance at Dec. 31, 2024 | $ 5,226.3 | $ 4,258.5 | 1,090.3 | (124.8) | 2.3 | ||
| Increase (Decrease) in Temporary Equity [Roll Forward] | |||||||
| Net income (loss) | (0.8) | ||||||
| Adjustment of redeemable non-controlling interest | 5.3 | ||||||
| Ending balance (in shares) at Dec. 31, 2025 | 485.0 | 485.0 | |||||
| Ending balance at Dec. 31, 2025 | $ 482.0 | $ 12.6 | |||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
| Net income (loss) | $ 428.4 | 428.4 | |||||
| Other comprehensive income | 76.5 | 76.5 | |||||
| Share-based payments expense | 75.3 | $ 75.3 | |||||
| Issuance of common stock and preferred stock (in shares) | 1.2 | ||||||
| Issuance of common stock and preferred stock | 50.5 | $ 50.5 | |||||
| Tax withholding related to vesting of share units | (20.5) | (20.5) | |||||
| Series A Senior Preferred Share preferred and participating dividends | (34.8) | $ (8.1) | (34.8) | ||||
| Common stock dividends | (223.3) | $ 1.3 | (224.0) | (0.6) | |||
| Adjustment of redeemable non-controlling interest | $ (5.3) | (5.3) | |||||
| Ending balance (in shares) at Dec. 31, 2025 | 185.9 | 185.9 | |||||
| Ending balance at Dec. 31, 2025 | $ 5,573.1 | $ 4,365.1 | $ 1,254.6 | $ (48.3) | $ 1.7 |
Consolidated Statements of Cash Flows - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Operating activities: | |||
| Net income | $ 427.6 | $ 412.8 | $ 206.0 |
| Adjustments for items not affecting cash: | |||
| Depreciation and amortization | 483.4 | 444.4 | 352.2 |
| Share-based payments expense | 66.0 | 62.4 | 55.8 |
| Deferred income taxes | (54.2) | (69.2) | (65.8) |
| Gain on disposition of property, plant and equipment | (2.2) | (3.8) | (4.9) |
| Loss on divestiture and deconsolidation, net | 9.6 | 0.0 | 0.0 |
| Allowance for expected credit losses | 1.4 | 5.1 | 5.9 |
| Amortization of debt issuance costs | 9.4 | 12.5 | 10.1 |
| Amortization of right-of-use assets | 160.3 | 154.4 | 109.9 |
| Inventory write-downs | 8.3 | 14.9 | 7.0 |
| Other, net | 4.8 | (1.7) | 11.5 |
| Net changes in operating assets and liabilities | (136.2) | (99.8) | (143.7) |
| Net cash provided by operating activities | 978.2 | 932.0 | 544.0 |
| Investing activities: | |||
| Acquisitions, net of cash acquired | (192.8) | (8.6) | (2,778.6) |
| Divestiture, net of cash transferred | 35.3 | 0.0 | 0.0 |
| Property, plant and equipment additions | (259.0) | (167.4) | (227.9) |
| Proceeds on disposition of property, plant and equipment | 5.3 | 2.6 | 32.6 |
| Intangible asset additions | (116.5) | (109.5) | (118.3) |
| Repayment of loans receivable | 21.1 | 8.1 | 4.0 |
| Issuance of loans receivable | (41.1) | (24.1) | (18.8) |
| Other, net | (5.2) | (2.7) | (1.3) |
| Net cash used in investing activities | (552.9) | (301.6) | (3,108.3) |
| Financing activities: | |||
| Issuance of common stock and preferred stock, net of issuance costs | 0.0 | 0.0 | 496.9 |
| Dividends paid | (258.1) | (240.2) | (328.4) |
| Proceeds from exercise of options and employee stock purchase plan | 50.5 | 75.5 | 43.7 |
| Payment of withholding taxes on issuance of shares | (20.8) | (14.8) | (15.9) |
| Net increase (decrease) in short-term debt | 102.8 | 14.5 | (15.5) |
| Proceeds from long-term debt | 275.0 | 0.0 | 3,175.0 |
| Repayment of long-term debt | (576.7) | (454.4) | (654.4) |
| Payment of debt issue costs | (4.4) | (0.3) | (41.7) |
| Repayment of finance lease and equipment financing obligations | (31.6) | (26.5) | (19.2) |
| Proceeds of equipment financing obligations | 3.8 | 2.6 | 37.6 |
| Payment of contingent consideration | (1.9) | (1.9) | (1.9) |
| Net cash used in provided by financing activities | (461.4) | (645.5) | 2,676.2 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 22.1 | (24.0) | 10.1 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (14.0) | (39.1) | 122.0 |
| Cash, cash equivalents, and restricted cash, beginning of period | 708.8 | 747.9 | 625.9 |
| Cash, cash equivalents, and restricted cash, end of period | $ 694.8 | $ 708.8 | $ 747.9 |
Description of Business and Basis of Preparation |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Description of Business and Basis of Preparation | Note 1. Description of Business and Basis of Preparation Description of Business RB Global, Inc. and its subsidiaries (collectively referred to as the “Company”, “RB Global”, “we”, “us”, or “our”) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The Company has auction sites in 14 countries and a digital platform to serve customers in approximately 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture. The Company is incorporated in Canada under the Business Corporations Act (Ontario). Basis of Presentation These financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”) and presented in U.S. dollars. Unless otherwise indicated, all amounts in the following tables are in millions, except per share amounts.
|
Significant Accounting Policies |
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Significant Accounting Policies | Note 2. Significant Accounting Policies Basis of Consolidation The consolidated financial statements include the accounts of the Company and entities consolidated under the interest and voting models. All significant intercompany transactions and balances have been eliminated. Non-controlling interests are reported in the Company’s consolidated balance sheets as a separate component of equity or within temporary equity. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and disclosed in the accompanying notes. Actual results could differ from those estimates. Accounting for business combinations requires estimates with respect to the fair value of the assets acquired and liabilities assumed. Estimates of fair value require valuation methods, which rely on significant estimates and assumptions, especially for acquired intangible assets. Revenue Recognition The Company recognizes revenue when control of the promised goods or services is transferred to customers, or upon completion of the performance obligation, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The transaction price is reduced by estimates of variable consideration, such as volume rebates and discounts. Revenues are comprised of: •Service revenue, including: i.Transactional seller revenues, which includes commissions and other fees earned from consignors to facilitate the sale of an asset such as inbound tow, liens search, title processing, online listing and inspection fees; ii.Transactional buyer revenues, which includes tiered buyer transaction and other fees earned from buyers to complete the purchase of an asset, such as title processing, late pick-up, platform registration and other administrative fees; and iii.Marketplace services revenues, which includes fees earned from various optional services provided to buyers, sellers, or other third-parties, such as transportation, buyer towing, refurbishment, financing, parts procurement, data and appraisal, and other ancillary services. •Inventory sales revenue, which consists of revenue relating to assets that are purchased by the Company and then resold. Service Revenue The Company offers the following types of commission arrangements to sellers: •Straight commission contracts, where the consignor receives the gross proceeds from the sale less a pre-negotiated commission rate; •Fixed fee commission contracts, where the consignor receives the gross proceeds from the sale less a fixed flat fee; and •Guarantee contracts, where the consignor receives a guaranteed minimum amount plus an additional amount if proceeds exceed a specified level. Transactional seller and buyer revenue is recognized when a binding obligation with the buyer is created upon the final acceptance of the winning bid, and the performance obligations, including other sale related services, are satisfied at the end of the sale process. Revenue is measured at the fair value of the consideration received or receivable and is shown net of value-added tax and duties. The Company generally does not pay consignors until it receives the auction proceeds from buyers, except in certain automotive arrangements where it may be required to pay the consignor even if the buyer defaults. When a buyer defaults (a collapsed sale), the sale is cancelled and the property is either returned to the consignor or resold. If the Company has already paid the consignor, the property is recorded as inventory until resold. The Company records a provision for expected collapsed or cancelled sales based on historical default experience, customer data, and reasonable forecasts. Losses from guarantee contracts are recorded in the period in which the relevant sale is completed or accrued if they become probable and estimable. The Company may share commissions or buyer fees with customers or third parties when selling consigned assets. In these arrangements, it must determine whether it acts as the principal and reports revenue on a gross basis or as the agent and reports revenue on a net basis. This assessment focuses on whether the Company controls the asset or service and is primarily responsible for fulfilling the sale. When buyer fees are shared with consignors, the shared amount is recorded as a reduction of revenue. Transactional buyer revenue also includes buyer platform registration fees to access certain vehicle auction and marketplace sales for a - or two-year term which are recognized ratably over the contract term. Marketplace services revenue is recognized in the period in which the service is provided or control has been transferred. Inventory Sales Revenue Inventory sales revenue is recognized in the period in which the sale is complete and control has been transferred. Costs of Services Costs of services is comprised of expenses incurred in direct relation to earning service revenue. Costs of services relating to revenues generated from auction sites which conduct weekly auctions, includes full- and part-time labor, lease expense, towing, onsite customer care support, and other operating costs. Costs of services relating to revenues generated from auction sites which conduct less frequent auctions, includes direct part-time and temporary labor costs, marketing, travel, and other operating costs to support auction events. Cost of services includes the portion of commissions or fees shared with third parties where the Company is principal in the underlying transaction. Share-based Payments The Company uses the fair value method to account for share-based payment awards. Share-based awards granted to employees include stock options, restricted stock units (“RSUs”), performance share units (“PSUs”), and awards under the employee stock purchase plan (“ESPP”) and share-based awards granted to directors include RSUs and deferred share units (“DSUs”). All awards other than DSUs are classified as equity as they are expected to be settled in shares. Compensation cost is recognized over the requisite service period, with a corresponding credit to additional paid-in capital for equity awards. The Company accounts for forfeitures as they occur. RSUs have service conditions and are measured at the grant-date share price, with expense recognized using the graded vesting approach. PSUs have service conditions, together with performance or market conditions. PSUs with performance conditions are measured at the grant-date share price and expensed based on the probability of achieving the conditions. PSUs with market conditions are valued using a Monte Carlo simulation model and compensation cost is recognized over the service period regardless of whether the market condition is ultimately achieved. Stock options and ESPP awards are valued using the Black-Scholes model. The ESPP is compensatory, and expense is recognized using the accelerated method. Proceeds from stock option exercises, together with the related APIC, are credited to common stock. DSUs vest immediately, are expected to be settled in cash, and are classified as liability awards. DSUs are measured at fair value initially and remeasured each reporting date based on the Company’s closing share price, with changes recognized in compensation expense. The related liability is included in accrued liabilities. Incremental fair value from award modifications is recognized in the period of modification. Dividend equivalents on equity-classified awards are recorded as a reduction to retained earnings when earned. Leases Right-of-Use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. The Company determines if an arrangement is or contains a lease at inception. The Company may have lease agreements with lease and non-lease components, which are generally accounted for separately. The Company applies a portfolio approach to account for leases of certain similar assets with similar terms. Leases with an initial term of 12-months or less are short-term in nature and not recorded on the consolidated balance sheets. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments, initial direct costs incurred, and prepaid lease payments and exclude lease incentives. Renewal options, purchase options, and termination options are included in the determination of lease balances when it is reasonably certain that the Company will exercise such options. The Company generally uses its estimated incremental borrowing rate in determining the present value of lease payments, unless the implicit rate is readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term and is included in costs of services and selling, general and administrative expenses. Finance lease ROU assets are generally amortized over the lease term and included in depreciation expense. The interest on finance lease liabilities is included in interest expense. Derivative Financial Instruments The Company enters into forward currency contracts from time to time to manage exposure to foreign currency exchange gains and losses its subsidiaries are exposed to on monetary assets and liabilities denominated in currencies other than the functional currency. Derivative instruments are recorded at fair value. Unrealized gains and losses on derivatives not designated in a hedging relationship are recorded in net income. Derivatives embedded in non-derivative contracts are recognized separately unless they are closely related to the host contract. Fair Value Measurement Fair value is the exit price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements at fair value are categorized within the fair value hierarchy, based on the lowest level input that is significant to the fair value measurement or disclosure: •Level 1: Inputs that are based upon quoted active markets for identical assets or liabilities. •Level 2: Inputs, other than quoted prices included within Level 1, which are observable either directly or indirectly. •Level 3: Unobservable inputs where there is little or no market activity for the asset or liability. These inputs reflect management's best estimate of what market participants would use to price the assets or liabilities at the measurement date. For assets and liabilities recognized in the consolidated balance sheets at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization at the end of each reporting period. Foreign Currency Translation The functional currency of each Company subsidiary is the currency of the primary economic environment in which the entity operates. The financial statements of foreign denominated subsidiaries are translated to U.S. dollars using the period end exchange rates for the balance sheet and monthly average exchange rate for the income statement. Translation gains and losses are included in foreign currency translation adjustment in other comprehensive income (loss), net of income tax. Transactions denominated in a currency other than an entity's functional currency are remeasured into the functional currency with resulting gains and losses recognized in earnings, except for gains and losses arising on intercompany foreign currency transactions that are of a long-term investment nature, which are included in foreign currency translation adjustments in other comprehensive income (loss), net of income tax. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents is comprised of cash on hand, deposits with financial institutions, other short-term, liquid investments with original maturities of three months or less, and overdraft balances to the extent the financial institution has the legal right of offset. Restricted cash consists of cash held in segregated accounts, used to settle auction proceeds payable, as required in certain jurisdictions and funds held in accounts to support stand-by letters of credit. Book overdrafts represent outstanding checks and other pending disbursements in excess of cash account balances with a right of offset. Such amounts are recorded in accounts payable and are reflected as an operating activity in the consolidated statements of cash flows. Trade and Other Receivables Trade and other receivables primarily consist of amounts due from auction buyers and sellers, advance charges paid on a consignors behalf, and the current portion of loans receivable. Accounts receivable are reported net of an allowance for credit losses, based on historical experience, customer economic data, and external market conditions. Prepaid Consigned Vehicle Charges Prepaid consigned vehicle charges consist of inbound tow, titling, and enhancement charges incurred and associated with consigned vehicles on a specific identification basis. These prepaid charges are recorded in cost of services once the associated vehicle is sold and revenue is recognized. Inventory Inventory is carried at the lower of cost and net realizable value, where net realizable value represents the expected sale price upon disposition of the asset inclusive of buyer fees and other fees, less make-ready costs and costs of disposal and transportation. The significant elements of cost include acquisition price, in-bound transportation costs, and make-ready costs. Inventory write-downs are included in cost of inventory sold on the consolidated income statements. Cost of inventory sold is determined on the specific identification basis. Equity Method Investments The Company accounts for investments which it does not control, but has the ability to exercise significant influence over, by applying the equity method of accounting. The Company's share of income and losses of equity method investees and impairment losses are recognized in the consolidated income statements during the period that they are incurred. Returns of investment in excess of cumulative equity earnings are classified as cash flows from investing activities. The Company evaluates equity method investments for impairment when events or circumstances suggest that the carrying amount of the investment may be impaired. An impairment loss on an equity method investment is recognized when a decline in its value is determined to be other-than-temporary. Property, Plant and Equipment Property, plant and equipment is stated at cost less accumulated depreciation. Cost includes expenditures directly attributable to the acquisition or development of the asset, including the cost of materials and direct labor, any other costs directly attributable to bringing the assets to working condition for their intended use, the costs of dismantling and removing items and restoring the site on which they are located (if applicable), and capitalized interest on qualifying assets. Repairs and maintenance costs are expensed. Gains and losses on the disposition of property, plant and equipment are determined as the difference between the proceeds received and the carrying amount of an asset. Depreciation of property, plant and equipment under finance leases is recorded in depreciation expense. The method of depreciation and estimated useful lives by asset type are as follows:
Assets Held for Sale The Company classifies assets or disposal groups as held for sale when management commits to a plan to sell, the assets are available for immediate sale in their present condition, the sale is probable and expected to be completed within one year, the Company is actively marketing the assets at a price reasonable in relation to their current fair value, and actions required to complete the plan indicate it is unlikely the plan will change significantly. Upon classification as held for sale, the assets, or disposal group, are measured at the lower of their carrying amount and fair value less cost to sell and are not depreciated. Intangible Assets Intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. Cost includes expenditures directly attributable to the acquisition or development of the asset, net of any amounts received in relation to those assets. Costs of internally developed software and technology assets are amortized on a straight-line basis over their estimated useful lives. Costs incurred prior to the application development stage are charged to operations as incurred. Once application development has begun, directly attributable costs are capitalized until the software and technology assets are available for use. Amortization is recognized in earnings on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The amortization periods of finite-lived intangible assets are re-evaluated periodically when facts and circumstances indicate that the remaining useful lives may have changed. Indefinite-lived trade names and trademarks are not amortized. The estimated useful lives of the Company's intangible assets by asset type are as follows:
Cloud Computing Arrangements The Company defers costs incurred to implement cloud computing arrangements that are service contracts hosted by third-party vendors within other current assets and other non-current assets on the consolidated balance sheets. Once implementation of the cloud computing arrangement is complete, the costs are amortized to selling, general and administrative expense over the expected term of the associated hosting arrangement on a straight-line basis, taking into account renewal options which are reasonably certain to be exercised. Impairment of Long-lived Assets Property, plant and equipment, right-of-use assets, and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The recoverability assessment is performed at the lowest level of identifiable cash flows. An impairment loss is recognized if the carrying amount of an asset or asset group exceeds the sum of the estimated undiscounted future cash flows, and is measured as the amount by which the carrying amount exceeds fair value. Indefinite-lived intangible assets are tested for impairment annually as of December 31, or more frequently if events or circumstances indicate that their carrying amounts may not be recoverable. The Company first assesses qualitative factors to determine whether it is more likely than not that an asset’s fair value exceeds its carrying amount. If a quantitative test is necessary, the estimated fair value is compared to carrying amount and any excess carrying amount is recognized as an impairment loss, if applicable. Goodwill Goodwill represents the excess of the purchase price of an acquired business over the fair value of its identifiable assets acquired and liabilities assumed. Goodwill is tested annually for impairment at the reporting unit level as of December 31, and more frequently if indicators of potential impairment are identified. The Company performs a qualitative impairment assessment if it determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount. If a quantitative impairment test is required, the reporting unit’s fair value is compared to its carrying amount including goodwill and if the reporting unit's carrying amount exceeds its estimated fair value, an impairment loss is recognized, if applicable. Deferred Financing Costs Deferred financing costs represent the unamortized debt issuance costs incurred on the issuance of the Company’s long-term debt and are amortized to interest expense using the effective interest method over the lives of the related long-term debt. Deferred financing costs are presented as a reduction in the carrying amount of the related long-term debt or in other non-current assets. Deferred financing costs presented in other non-current assets relate to the Company's revolving credit facilities. The Company expenses the portion of deferred financing costs associated with partial repayments of debt to interest expense. Redeemable Non-controlling Interest Redeemable non-controlling interest is classified as temporary equity on the consolidated balance sheets, as the holder may put its interest to the Company. Redeemable non-controlling interest is initially carried at its acquisition date fair value. The Company evaluates redeemable non‑controlling interest at the end of each reporting period to determine whether redemption is probable. If it becomes probable of redemption, the Company adjusts the carrying amount to its estimated redemption value at the end of each reporting period, with an offsetting adjustment to retained earnings. Redeemable Convertible Preferred Stock Redeemable convertible preferred stock is classified as temporary equity on the consolidated balance sheet as it could become redeemable due to a change in control, which would be outside of the Company’s control. The redeemable convertible preferred stock is initially carried at fair value, and if redemption becomes probable, the Company will adjust the carrying amount to its estimated redemption value at the end of each reporting period, with an offsetting adjustment to retained earnings. Direct and incremental costs incurred in connection with issuance are recorded as a reduction in the initial carrying amount. Defined Contribution Plans Certain employees of the Company are members of retirement benefit plans to which the Company matches up to a specified percentage of employee contributions or, in certain jurisdictions, contributes a specified percentage of payroll costs as mandated by the local authorities. The only obligation of the Company with respect to these plans is to make specified contributions. Contributions are charged to the consolidated income statements reflecting the period of the employee's service. Advertising Costs Advertising costs are expensed as incurred and included in both costs of services and selling, general and administrative expenses on the consolidated income statements. Advertising expense recorded in costs of services was $9.6 million, $10.6 million, and $9.4 million for 2025, 2024, and 2023, respectively. Advertising expense recorded in selling, general and administrative expenses was $21.1 million, $24.6 million, and $26.1 million for 2025, 2024, and 2023, respectively. Self-insurance Reserves The Company self-insures a portion of employee medical benefits, as well as a portion of its automobile, general liability and workers’ compensation claims. The Company has insurance coverage that limits the exposure on individual claims. The cost of the insurance is expensed over the contract periods. Utilizing historical claims experience, the Company records an accrual for the claims related to its employee medical benefits, automobile, general liability and workers’ compensation claims based upon the expected amount of all such claims, which includes the cost of claims that have been incurred but not reported. Business Combinations Business combinations are accounted for using the acquisition method. The purchase price is determined based on the fair value of the assets transferred, liabilities assumed, and equity interests issued, after considering any transactions that are separate from the business combination and which are accounted for separately. The Company allocates the aggregate of the fair value of the purchase consideration transferred to the assets acquired and the liabilities assumed at their estimated fair values on the date of acquisition with any excess recorded as goodwill. The purchase price allocation may be provisional during a one year measurement period. Any measurement period adjustments are recognized in the period in which the adjustment amounts are determined. Acquisition-related costs are expensed as incurred and included within acquisition-related and integration costs. Where acquired assets and liabilities do not meet the definition of a business, or substantially all of the fair value of the gross assets acquired are concentrated in a single identifiable asset or group of similar identifiable assets, the acquisition is considered an asset acquisition, and is accounted for using the cost accumulation model where the cost of the acquisition, including certain transaction costs, are allocated to the assets acquired on the basis of relative fair values. Income Taxes Income taxes are accounted for using the asset and liability method. Deferred income tax assets and liabilities are based on temporary differences, which are differences between the carrying amounts and tax basis of assets and liabilities, and non-capital loss, capital loss, and tax credits carryforwards, measured using the enacted tax rates expected to apply when these differences reverse. Deferred tax benefits, including non-capital loss, capital loss, and tax credits carryforwards, are recognized to the extent that realization of such benefits is considered more likely than not. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that enactment occurs. When realization of deferred income tax assets does not meet the more-likely-than-not criterion for recognition, a valuation allowance is recognized. Uncertain tax positions are recognized when it is more likely than not, based on the technical merits of the position, that the position will be sustained. Recognized tax benefits are measured as the largest amount of benefit that is more than 50 percent likely to be realized upon settlement. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, income taxes payable, and deferred taxes in the period in which the facts that give rise to a revision become known. Interest and penalties related to income taxes, including unrecognized tax benefits, are recorded in income tax expense. Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income available to common stockholders by the weighted-average common stock outstanding. Diluted EPS computed based upon the lower of the two-class method and the if-converted method, which includes the effects of the assumed conversion of the Series A Senior Preferred Shares, and the effect of shares issuable under the Company’s stock-based incentive plans, if such effect is dilutive. The two-class method is an earnings allocation method for computing EPS when a Company’s capital structure includes common stock and participating securities. The two-class method determines EPS between holders of common stock and the Company’s participating preferred stock based on dividends declared and their respective participation rights in undistributed earnings. The dilutive effect of potentially dilutive securities is reflected in diluted EPS by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities. Adjustments to the carrying amount of redeemable non-controlling interest, based on a pre-determined contractual formula or amount, are included in net income available to common stockholders for purposes of calculating EPS. Recently Adopted Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced annual disclosures within rate reconciliations and disaggregated income taxes paid information. The Company adopted the ASU during the fiscal year ended December 31, 2024 and the required disclosures are included in Note 8. Income Taxes on a retrospective basis. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disaggregated disclosure of specific expense categories in the notes to the financial statements. ASU 2024-03 is effective for the Company for the fiscal year ending December 31, 2027 and interim periods in the fiscal year ending December 31, 2028 and may be applied prospectively or retrospectively. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which provides targeted improvements to ASC 350-40 to increase the operability of the recognition guidance considering different methods of software development. ASU 2025-06 is effective for the Company for the fiscal year ending December 31, 2028, including interim reporting periods within that year, and may be applied prospectively, retrospectively, or under a modified transition approach. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-scope Improvements, which includes a comprehensive listing of required interim disclosures and a new disclosure principle for reporting material events occurring after the most recent annual period. ASU 2025-11 is effective for the Company for interim reporting periods within the fiscal year ending December 31, 2028 and may be applied prospectively or retrospectively. The Company is evaluating the impact of these pronouncements on its consolidated financial statements and related disclosures, including the methods of adoption. ASUs recently issued but not discussed above are not expected to have a material impact on the Company’s financial statements or related disclosures.
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Acquisitions and Divestitures |
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| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions and Divestitures | Note 3. Acquisitions and Divestitures Acquisitions J.M. Wood On July 14, 2025, the Company completed the acquisition of 100% of the equity interests in J.M. Wood Auction Co., Inc. (“J.M. Wood”), a privately held auction business located in Montgomery, Alabama, United States. The acquisition is expected to expand the Company's geographic coverage and combines J.M. Wood's regional expertise and customer relationships with the Company's global network and technology. The Company accounted for the acquisition as a business combination pursuant to ASC 805, Business Combinations. The following table presents the preliminary allocation of the purchase consideration to the major categories of assets acquired and liabilities assumed as of the acquisition date:
Approximately $163.6 million of the purchase price, net of cash acquired, was paid on closing with the remainder to be paid in fixed installments on the first, second, and third anniversaries of the closing date. The deferred payments that form part of purchase consideration have been recorded as liabilities at their acquisition-date fair value of $43.1 million, determined by discounting the contractual payments using the Company’s credit-adjusted discount rate, with $13.8 million presented within trade and other liabilities and $29.3 million presented within other non-current liabilities. During the fourth quarter of 2025, the Company recorded a $25.2 million measurement period adjustment to consideration transferred and goodwill. The Company determined that a portion of the deferred payments represents compensation for future services and, accordingly, will be recognized over the requisite service period. The following table presents the preliminary fair values of the identifiable intangible assets acquired:
The purchase price allocation is preliminary as of December 31, 2025. The most significant items pending completion include the finalization of review of the intangible asset valuation report and income taxes. Adjustments to the preliminary allocation, including changes to intangible asset values and related amortization, may be recorded during the measurement period (up to one year from the acquisition date) as additional information becomes available. The goodwill recognized reflects the expected synergies of the combined company, the assembled workforce of J.M. Wood, and other intangible assets that do not qualify for separate recognition. Substantially all of the goodwill is expected to be deductible for income tax purposes. Revenue and net income of J.M. Wood included in the consolidated financial statements from the acquisition date are not material, nor are the corresponding pro forma amounts. Revenue of J.M. Wood for the year ended December 31, 2024 was approximately $92.6 million and net income was not material. IAA On March 20, 2023, the Company completed its acquisition of IAA, Inc. (“IAA”) for a total purchase price of approximately $6.6 billion. The Company acquired IAA to create a leading omnichannel marketplace for vehicle buyers and sellers. IAA stockholders received $12.80 per share in cash and 0.5252 shares of the Company for each share of IAA common stock they owned (the “Exchange Ratio”). As such, the Company paid $1.7 billion in cash consideration and issued 70.3 million shares of its common stock. In addition, the Company repaid $1.2 billion of IAA’s net debt, which included all outstanding borrowings and unpaid fees under IAA’s credit agreement and $500.0 million principal amount of IAA senior notes, at a redemption price equal to 102.75% of principal plus accrued and unpaid interest. The Company accounted for the acquisition as a business combination pursuant to ASC 805, Business Combinations. The following table presents the final allocation of the purchase price to the fair value of assets acquired and liabilities assumed:
The following table presents the final fair values of the identifiable intangible assets acquired:
Goodwill relates to synergies expected to be achieved from the operations of the combined company, the assembled workforce of IAA, and intangible assets that do not qualify for separate recognition. Expected synergies include both increased revenue opportunities and the cost savings from the planned integration of platform infrastructure, facilities, personnel, and systems. The transaction is considered a non-taxable business combination and the goodwill is not deductible for tax purposes. Other Acquisitions On November 28, 2025, the Company completed its acquisition of Smith Broughton Pty Ltd (“Smith Broughton”), an Australia based auction business for $31.2 million. The Company accounted for the acquisition as a business combination pursuant to ASC 805, Business Combinations. The purchase price allocation is preliminary as of December 31, 2025 and the purchase price has been allocated primarily to inventory and intangible assets, including customer relationships and goodwill. Goodwill recognized of $8.3 million reflects the expected synergies of the combined company, the assembled workforce, and other intangible assets that do not qualify for separate recognition. Goodwill has been assigned to the Ritchie Bros. reporting unit, and is not expected to be deductible for tax purposes. The identifiable intangible assets are being amortized over their estimated useful lives of to seven years. Revenue and net income of Smith Broughton included in the consolidated financial statements from the acquisition date are not material. The pro forma impact of the acquisition is not material to the Company's financial statements. On October 31, 2024, the Company completed its acquisition of Boom and Bucket Inc., an online marketplace for used heavy equipment, for a total purchase price of approximately $10.0 million. The acquisition was accounted for as an asset acquisition. The acquired technology is being amortized over its estimated useful life of three years. On January 3, 2023, the Company increased its investment in VeriTread LLC (“VeriTread”), a transportation services marketplace, to 75% from 11% for $28.1 million. The Company accounted for the acquisition as a business combination pursuant to ASC 805, Business Combinations. The purchase price of $32.4 million, which included the remeasurement of the previously held interest of $4.3 million, was allocated primarily to goodwill, intangible assets, and redeemable non-controlling interest. Goodwill recognized of $25.2 million reflects the expected synergies of the combined company, the assembled workforce of VeriTread, and other intangible assets that do not qualify for separate recognition. Goodwill has been assigned to the Services reporting unit and is not deductible for tax purposes. In January 2026, the Company acquired the remaining equity interests in VeriTread. Refer to Note 21. Temporary Equity, Stockholders' Equity and Dividends for further details. Divestiture DDI On November 3, 2025, the Company completed the sale of Decision Dynamics, LLC (“DDI”), an electronic lien and title business, for $37.8 million, subject to final closing adjustments . Upon completion of the sale, a gain of $5.9 million was recorded within loss on divestiture and deconsolidation, net. The carrying amount of the assets derecognized includes an allocation of goodwill, which was determined based on the relative fair value of the business in relation to the fair value of its associated reporting unit. The results of DDI prior to the sale are included within continuing operations on the consolidated income statements.
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Loss on Deconsolidation and Recognition of Equity Method Investment |
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| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||
| Loss on Deconsolidation and Recognition of Equity Method Investment | Note 4. Loss on Deconsolidation and Recognition of Equity Method Investment On June 21, 2025, the Company, through its wholly owned subsidiary SYNETIQ Ltd., entered into an agreement with LKQ Europe to establish a new joint venture, LKQ SYNETIQ, focused on vehicle parts dismantling and distribution services. To prepare for the transaction, the Company transferred the net assets to be used in the operations of the joint venture to a newly created entity. Pursuant to the agreement, the Company retained a 40% equity interest in the new entity, and LKQ Europe acquired a 60% equity interest for proceeds of £8.0 million (approximately $11.0 million), to be paid in equal installments on the third, fourth, and fifth anniversaries of the closing date. The Company determined that it no longer controlled and therefore deconsolidated the entity at closing and recorded the fair value of its 40% equity interest within other non-current assets, by applying the equity method of accounting. The fair value of the initial carrying amount of the investment was determined based on the value implied by the transaction. The loss on deconsolidation including within loss on divestiture and deconsolidation, net was determined as follows:
The carrying amount of the net assets derecognized includes an allocation of goodwill, which was determined based on the relative fair value of the business in relation to the fair value of its associated reporting unit. The Company recognized a $1.7 million inventory write down in connection with the transaction, recognized within cost of inventory sold, and incurred $2.5 million in related transaction costs recognized within selling, general and administrative expenses in the year ended December 31, 2025. LKQ Europe has an option to purchase the Company's remaining 40% equity interest in LKQ SYNETIQ during the six-month period following the fifth anniversary of the closing date at a price based on the trailing gross profit of LKQ SYNETIQ for specified periods. If LKQ Europe does not exercise its option, the Company will have the right to initiate a sale of LKQ SYNETIQ's assets or shares or require LKQ Europe to sell its shares to the Company at a price based on the trailing gross profit of LKQ SYNETIQ for specified periods. Equity income (loss) for the period since deconsolidation, presented within other income (loss), net was not material for the year ended December 31, 2025.
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| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information | Note 6. Segment Information The Company has one operating and reportable segment which reflects the manner in which the Company’s Chief Operating Decision Maker (“CODM”), its Chief Executive Officer, reviews and assesses the performance of the business and allocates resources. The information used by the CODM to assess performance and allocate resources includes various measures of segment profit, however, for the purposes of the disclosures required by ASC 280, Segment Reporting, the Company has determined that the measure most consistent with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements is net income. Consolidated financial information is used to monitor forecast versus actual results in order to make key operating decisions. The CODM does not evaluate the performance of the Company or allocate resources at any level below the consolidated level or based on the Company's assets or liabilities. The following table presents the significant segment expenses, in the context of deriving net income, that are regularly provided to and reviewed by the CODM, reconciled to the segment’s net income:
Other segment items consists of gain on disposition of property, plant and equipment, loss on divestiture and deconsolidation, net, interest income, other income (loss), net, and foreign exchange loss, as reported on the consolidated income statements. The following table presents property, plant and equipment, net by geographic area based on underlying asset location:
The geographic composition of operating lease right-of-use assets is similar to that of property, plant, and equipment.
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Disaggregated Revenue |
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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disaggregated Revenue | Note 7. Disaggregated Revenue The following table presents revenue disaggregated by type:
The following table presents revenue disaggregated by geographic area, based on the location of the underlying auction activity or rendering of services:
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Acquisition-related and Integration Costs |
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| Operating Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisition-related and Integration Costs | Note 5. Acquisition-related and Integration Costs The following table presents acquisition-related and integration costs by acquisition:
Acquisition-related and integration costs include expenses incurred in connection with business combinations, such as due diligence, advisory and legal fees, severance, deferred purchase consideration for post-acquisition employment, and integration costs. Integration costs primarily consist of third-party expenses incurred to support post-acquisition integration activities and to achieve expected cost synergies and integration objectives related to recent acquisitions.
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Income Taxes |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | Note 8. Income Taxes Income before income taxes consisted of the following:
The components of income tax expense are as follows:
The provision for income taxes was different from the Canadian federal statutory rate applied to income before taxes and is reconciled as follows (percentages of income before income taxes):
1 The Canadian federal statutory tax rate reflects the basic corporate rate of 38%, less the 13% general rate reduction applicable to public companies. 2 Provincial taxes in British Columbia, Alberta, and Ontario for 2023 to 2025 made up the majority of the tax effect in this category. The Company has determined that the undistributed earnings generated by its foreign subsidiaries along with any additional outside basis differences were indefinitely reinvested as of December 31, 2025, therefore no deferred tax was provided. The Company believes it is not practicable to estimate the amount of deferred tax liability related to the entire outside basis differences due to the complexity of the calculation and the uncertainty regarding assumptions necessary to compute the tax. However, the Company would not anticipate any significant tax liability associated with the repatriation of the undistributed earnings. The following table presents income taxes paid, net of refunds received, by jurisdiction:
The Company offsets all deferred tax assets and liabilities by tax filing jurisdiction, as well as any related valuation allowance, and presents them as a single non-current deferred income tax asset or non-current deferred income tax liability. Deferred tax assets and deferred tax liabilities were as follows:
At December 31, 2025, the Company had non-capital loss carryforwards that are available to reduce taxable income in the future years. These non-capital loss carryforwards expire as follows:
The Company has capital loss carryforwards of approximately $68.1 million (2024: $67.1 million) available to reduce future capital gains and interest deduction carryforwards of $0.8 million (2024: $63.5 million), both of which carryforward indefinitely. Tax losses are denominated in the currency of the countries in which the respective subsidiaries are located and operate. Fluctuations in currency exchange rates could reduce the U.S. dollar equivalent value of these tax loss and tax credit carry forwards in future years. The following table summarizes the activity related to unrecognized tax benefits:
At December 31, 2025, the Company had gross unrecognized tax benefits of $21.8 million (2024: $26.7 million), of which $16.2 million (2024: $18.7 million) represents the net amount of unrecognized tax benefits that, if recognized, would favorably impact the effective tax rate. The Company records interest and penalties related to unrecognized tax benefits within the Company's provision for income taxes. At December 31, 2025, the Company had accrued $4.2 million (2024: $4.4 million) for interest and penalties that have been included in the above reconciliation table, and during the year ended December 31, 2025 the Company recognized a recovery of $0.2 million (2024: $0.1 million) for interest and penalties. On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the United States. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the United States Tax Cuts and Jobs Act and amends other provisions of the Internal Revenue Code. The legislation has multiple effective dates, with certain provisions effective in 2025 and others through 2027. The OBBBA did not have a material impact on the Company’s consolidated financial statements. The Company is routinely subject to tax audits and reviews in various jurisdictions around the world. Tax authorities may challenge the manner in which the Company has filed its tax returns and reported its income. On December 3, 2024, the Canada Revenue Agency (“CRA”) issued the Company a Notice of Assessment and Statement of Interest for C$79.1 million ($57.8 million), for the taxation years 2010 through 2015, inclusive of C$37.7 million ($27.5 million) in income taxes, and C$41.4 million ($30.2 million) in interest and penalties. The CRA is asserting that one of the Company’s Luxembourg subsidiaries, which was in operation from 2010 to 2020, was a resident in Canada from 2010 through 2015 and that its worldwide income should be subject to Canadian income taxation. In February 2025, the Company filed a Notice of Objection with the CRA as it believes it is and has been in full compliance with Canadian tax laws and it intends to pursue all available administrative and judicial remedies necessary to resolve this matter. In addition, the Company paid a deposit of C$39.5 million ($28.8 million) to the CRA in early February 2025, recorded within other non-current assets, the minimum required by law as part of the CRA’s objection process. In the event that the Company prevails in its objection or subsequent legal proceedings, the deposit would be refunded with interest to the Company. In June 2025, the Company filed a Notice of Appeal with the Tax Court of Canada. In October 2025, the Canadian Crown filed a response to the Company’s Notice of Appeal with the Tax Court of Canada maintaining the CRA’s assertion and requesting that the Company’s appeal be dismissed. The Company believes the Crown’s response is without merit and plans to continue to litigate. In the event that the Company’s tax filing position is not upheld by either the CRA or by a court of last resort, the Company would incur and record the amounts assessed in income tax, interest and penalties in its consolidated financial statements, which could have a material negative effect on the Company’s results of operations. In addition, in late 2024, the CRA requested information regarding the 2016 to 2020 taxation years for the same matter, which the Company provided in January 2025. In September 2025, the CRA requested additional information and clarification regarding previous submissions to which the Company responded and provided the additional information in October 2025. The Company has not received a notice of assessment relating to the 2016 to 2020 taxation years. Depending on the outcome of this matter, the Company could incur additional income taxes, penalties and interest relating to the 2016 to 2020 taxation years, which could have a material negative effect on its results of operations. At December 31, 2025 and December 31, 2024, the Company has not recorded any amounts relating to this matter in the consolidated financial statements, as it is the Company’s conclusion that it is more likely than not that the Company’s tax filing position will ultimately be sustained. The Company is unable to predict the ultimate outcome of this matter and the final disposition of any appeals, which could take numerous years to resolve.
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Earnings Per Share Available to Common Stockholders |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share Available to Common Stockholders | Note 9. Earnings Per Share Available to Common Stockholders
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Supplemental Cash Flow Information |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplemental Cash Flow Information | Note 10. Supplemental Cash Flow Information Net Changes in Operating Assets and Liabilities
Other Supplemental Cash Flow Information
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Fair Value Measurement |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurement | Note 11. Fair Value Measurement The following table presents the fair values and carrying amounts of the Company's financial instruments that are required to be recorded or disclosed at fair value on a recurring basis:
The fair values of loans receivable are estimated using an income approach based on discounted cash flows utilizing current market interest rates. The fair values of the Revolving Facility loans and the TLA Facility loans, prior to the deduction of deferred debt issuance costs, approximate their carrying values due to their variable, market-based interest rates. The fair values of the Senior Secured Notes and Senior Unsecured Notes are determined based on quoted prices in an over-the-counter market. The fair value of derivative financial instruments was not material at December 31, 2025 or December 31, 2024. The total gross notional amount of forward foreign currency contracts outstanding as at December 31, 2025 is $59.6 million (2024: $48.1 million).
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Trade and Other Receivables |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade and Other Receivables | Note 12. Trade and Other Receivables
The Company generally has possession of assets or asset titles collateralizing a significant portion of trade receivables. Trade receivables are due for payment typically within seven days of the date of sale, after which they are interest bearing. Consumption taxes receivable are deemed fully recoverable unless disputed by the relevant tax authority. Other receivables are unsecured and non-interest bearing. The activity in the allowance for expected credit losses is not material for any periods presented. Loans Receivable The Company participates in certain lending arrangements that are fully collateralized and secured by equipment or other assets. These arrangements typically have terms of to five years. In an event of default, the Company may recover its loan receivable through the sale of the collateral. The related allowance for credit losses is not
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Other Current Assets |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets | Note 13. Other Current Assets
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Property, Plant and Equipment |
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment | Note 14. Property, Plant and Equipment
Depreciation of property, plant and equipment was $108.7 million, $103.6 million, and $86.2 million for 2025, 2024, and 2023, respectively. During the year ended December 31, 2025, interest of $3.5 million (2024: $4.5 million; 2023: $1.8 million) was capitalized to the cost of assets under development. Additions during the year include $71.5 million (2024: $37.6 million; 2023: $12.6 million) of property, plant and equipment under finance lease.
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Other Non-current Assets |
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| Other Assets, Noncurrent Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non-current Assets | Note 15. Other Non-current Assets
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Intangible Assets |
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | Note 16. Intangible Assets
At December 31, 2025, $10.3 million (December 31, 2024: $52.7 million) included in intangible assets was not subject to amortization, $4.3 million (December 31, 2024: $49.9 million) of which relates to certain trade names and trademarks and the remainder relates to software under development. During the year ended December 31, 2025, the remaining useful life of $46.0 million of tradenames and trademarks was changed from indefinite to four years and amortization commenced. During the year ended December 31, 2025, interest of $0.5 million (2024: $1.0 million; 2023: $1.6 million) was capitalized to the cost of software under development. Amortization of intangible assets was $374.7 million, $340.8 million, and $266.0 million for 2025, 2024, and 2023, respectively. Estimated annual amortization of intangible assets for each of the next five years is as follows:
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Goodwill |
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | Note 17. Goodwill
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Trade and Other Liabilities |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade and Other Liabilities | Note 18. Trade and Other Liabilities
Accrued liabilities include $18.3 million of deferred consideration relating to the J.M. Wood acquisition. Taxes payable includes value-added tax, sales tax, and Canadian digital services tax (“DST”). On June 29, 2025, the Government of Canada announced that it intends to rescind the DST. The Company continues to accrue DST as the related legislation has not yet been enacted.
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| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt | Note 19. Debt
1 Interest rates on short-term debt and term loans reflect the weighted-average interest rates on borrowings as of December 31, 2025. At December 31, 2025, the Company had undrawn Revolving Facility commitments aggregating $1.1 billion available until April 2030, subject to certain covenant restrictions, and undrawn uncommitted foreign credit facility capacity aggregating $15.0 million available indefinitely. The Company was in compliance with all financial and other covenants applicable to its debt agreements at December 31, 2025. Credit Agreement In 2016, the Company entered into a credit agreement with a syndicate of lenders (as amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). The Credit Agreement is comprised of multi-currency revolving facilities (the “Revolving Facility”) and the Term Loan A facility (the “TLA Facility”). The TLA Facility is comprised of facilities denominated in U.S. and Canadian dollars (the “USD TLA Facility” and “CAD TLA Facility”, respectively). On April 3, 2025, the Company amended the Credit Agreement to, among other things, increase the aggregate principal amount of Revolving Facility from $750.0 million to $1.3 billion, reduce the USD TLA Facility from $1.225 billion to $950.0 million, reduce certain loan margins and fees, adjust certain covenants for more financial flexibility, and extend the maturity of the Credit Agreement from September 21, 2026 to April 3, 2030. Revolving Facility and TLA Facility loans bear interest at a benchmark rate plus an applicable margin and the TLA Facility loans are subject to quarterly installment payments of 1.25% of principal, with the balance due at maturity. In connection with the amendment, the Company incurred issuance costs of $1.8 million, which have been deferred and presented as a reduction in the carrying amount of the TLA Facility loans, $2.6 million, which have been deferred and presented within other non-current assets as they relate to the Revolving Facility, and $3.9 million, which have been expensed and recorded within selling, general and administrative expense. Senior Secured and Unsecured Notes On March 15, 2023, the Company completed the offering of (i) $550.0 million aggregate principal amount of 6.75% senior secured notes due March 15, 2028 (the “Secured Notes”) and (ii) $800.0 million aggregate principal amount of 7.75% senior unsecured notes due March 15, 2031 (the “Senior Unsecured Notes”, and together with the Senior Secured Notes, the “Notes”). Interest on the Notes is payable in cash semi-annually in arrears on March 15 and September 15 of each year. The Senior Secured Notes are jointly and severally guaranteed on a senior secured basis and the Senior Unsecured Notes are jointly and severally guaranteed on a senior unsecured basis by certain of the Company’s subsidiaries. At December 31, 2025, long-term debt principal repayments to contractual maturity are as follows:
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Other Non-current Liabilities |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Non-current Liabilities | Note 20. Other Non-current Liabilities
Equipment financing obligations are generally due in blended monthly installments over the remaining terms of the agreements which generally have terms to maturity of five years or less.
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Temporary Equity, Stockholders' Equity and Dividends |
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| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Temporary Equity, Stockholders' Equity and Dividends | Note 21. Temporary Equity, Stockholders' Equity and Dividends Series A Senior Preferred Shares The Series A Senior Preferred Shares are convertible into common stock and were issued at an initial conversion price of $73.00 per share, which is subject to customary anti-dilution adjustment provisions. The conversion price is $71.58 per share as of December 31, 2025. The Series A Senior Preferred Shares carry a 5.5% preferred dividend, which is payable quarterly, in cash or in shares at the Company's option, and are entitled to participate on an as-converted basis in the Company's regular quarterly common share dividends, subject to a $0.27 per share per quarter floor. On the fourth anniversary of the issuance date of February 1, 2023, holders will have the right to increase the preferred dividend to 7.5%, and on the ninth anniversary of the issuance date, holders will have the right to increase the preferred dividend to a fixed percentage equal to the greater of (a) 600 bps over the daily simple SOFR as then in effect and (b) 10.50%, subject, in each case, to the Company’s right to redeem the Series A Senior Preferred Shares for which a dividend rate increase has been demanded. Upon consummation of one or more specified change of control transactions, the holders will have the right to require the Company to repurchase the Series A Senior Preferred Shares in cash provided, however, that each holder, at its option, may elect instead to convert its Series A Senior Preferred Shares into the applicable change of control consideration. In addition, the Company has the right to redeem the Series A Senior Preferred Shares in the event of a change of control transaction where the successor entity is not traded on certain eligible markets. The possible future redemption of the Series A Senior Preferred Shares as a result of a change in control has been assessed as not probable at December 31, 2025. Holders of the Series A Senior Preferred Shares are entitled to vote together with the common stock on an as-converted basis on all matters permitted by applicable law, subject to certain exceptions to enable compliance with applicable antitrust law. The Series A Senior Preferred Shares rank, with respect to rights as to dividends, distributions, redemptions and payments upon the liquidation, dissolution and winding up of the Company, (a) senior to all of the junior preferred stock, common stock and any other class or series of capital shares of the Company, issued or authorized after the Series A Senior Preferred Shares issuance date, the terms of which do not expressly provide that such class or series ranks senior to or on a parity with the Series A Senior Preferred Shares, (b) on a parity basis with each other class or series of capital shares issued or authorized after the Series A Senior Preferred Shares issuance date, the terms of which expressly provide that such class or series ranks on a parity basis with the Series A Senior Preferred Shares, and (c) junior with each other class or series of capital shares issued or authorized after the Series A Senior Preferred Shares issuance date, the terms of which expressly provide that such class or series ranks on a senior basis to the Series A Senior Preferred Shares. During the year ended December 31, 2025, holders of Series A Senior Preferred Shares were entitled to preferred dividends of $26.7 million (2024: $26.7 million; 2023: $24.3 million) and participating dividends of $8.1 million (2024: $7.5 million; 2023: $7.3 million). Redeemable Non-controlling Interest Redeemable non-controlling interest relates to a put/call agreement with one of the minority unitholders of VeriTread under which the holder can put its remaining 21% interest in VeriTread to the Company, if certain performance targets are met. At December 31, 2025, the Company determined that the redeemable non-controlling interest was probable of redemption during the 60-day put window beginning January 3, 2026, at a predetermined contractual amount. Accordingly, the Company adjusted the carrying amount of the redeemable non-controlling interest to its estimated redemption value, with the corresponding $5.3 million adjustment recorded as a reduction to retained earnings. The Company has separately recognized a 4% non-controlling interest in VeriTread within stockholders' equity as that interest is not redeemable. In January 2026, the minority unitholder exercised its put option, and the Company acquired the related redeemable non-controlling interest at the predetermined contractual amount. Subsequently, the Company also acquired the remaining interest held by the other remaining non-controlling interest holder. As of January 2026, the Company now owns 100% of VeriTread. Common Stock Dividends
Subsequent to December 31, 2025, the Company's Board of Directors declared a dividend of $0.31 per common share, payable on March 2, 2026 to stockholders of record on February 9, 2026. Foreign Currency Translation Reserve Foreign currency translation adjustments, a component of other comprehensive income (loss), includes the following:
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Share-based Payments |
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| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Payments | Note 22. Share-based Payments The following table presents the components of share-based payment expense by consolidated income statement classification:
2023 Share Incentive Plan On May 8, 2023, the Company’s shareholders approved the 2023 Share Incentive Plan (“2023 Plan”) which allows the Company to grant employees, officers, non-employee directors, and other key persons various types of equity-based awards, including stock options, PSUs and RSUs. Up to 9.4 million shares may be issued pursuant to the 2023 Plan and at December 31, 2025 there were 7.3 million shares available for issuance. The following table summarizes share unit activity (actual number of units; weighted-average grant-date fair value per unit):
Conversion of IAA Share-based Awards In connection with the acquisition of IAA in March 2023, IAA’s stock options, RSUs and PSU awards were cancelled and exchanged into 0.2 million Company stock options and 0.4 million Company RSU awards, based on the equity award exchange ratio of 0.763139. At closing, the converted share-based awards had an estimated aggregate fair value of $24.9 million, of which $4.8 million was attributable to post-combination services and is being recognized as share-based payments expense over the requisite service periods. The converted awards are subject to the same terms and conditions applicable to the corresponding IAA awards held prior to the acquisition, including vesting terms, with exception to RSU awards that replaced IAA’s PSU awards, which have service conditions rather than service and performance conditions. Performance Share Units PSUs are granted to executives and senior employees and contain service conditions along with performance or market conditions, conditional upon the Company's total shareholder return relative to a peer group. PSUs typically have three-year performance and market vesting conditions. The fair value of PSUs with market conditions are estimated on the grant date using a Monte Carlo simulation model. The significant assumptions used to estimate the fair value are presented in the following table on a weighted-average basis:
At December 31, 2025, the unrecognized share unit expense related to PSUs with market conditions was $18.7 million, which is expected to be recognized over a weighted-average period of 1.8 years and the unrecognized share unit expense related to PSUs with performance conditions was $12.5 million, which is expected to be recognized over a weighted-average period of 1.8 years. Restricted Share Units RSUs granted to employees typically vest over a three-year service period and RSUs granted to directors vest on the earlier of (i) the one year anniversary of the grant date and (ii) the date of the Company's next annual meeting of shareholders. The issuance of shares related to RSUs granted to directors may be deferred at the holder's election. At December 31, 2025, the unrecognized share unit expense related to equity-classified RSUs was $28.7 million, which is expected to be recognized over a weighted-average period of 1.8 years. Deferred Share Units At December 31, 2025, the unrecognized compensation expense associated with DSUs was nil. The total market value of liability-classified share units which vested during the year ended December 31, 2025 was $0.2 million (2024: $3.2 million; 2023: $1.8 million). Stock Options There were nil stock options granted during the year ended December 31, 2025 (2024: nil; 2023: 0.3 million). The following table presents stock options granted historically, which remain outstanding and exercisable as of December 31, 2025 (actual number of stock options):
At December 31, 2025, the unrecognized compensation expense associated with stock options was $0.1 million. Cash received from stock option exercises for the year ended December 31, 2025 was $22.5 million (2024: $49.3 million; 2023: $34.5 million). The actual tax benefit realized related to the exercise of stock options totaled $1.9 million for the year ended December 31, 2025 (2024: $2.3 million; 2023: $0.8 million). Employee Stock Purchase Plan On May 8, 2023, the Company's shareholders approved the 2023 Employee Stock Purchase Plan (the “2023 ESPP”) under which 3.0 million common shares of the Company were reserved for issuance and at December 31, 2025, there were 1.9 million shares available for issuance. The 2023 ESPP allows eligible employees to contribute up to 15% of their base compensation during each semi-annual offering period, up to twenty-five thousand dollars, towards the purchase of Company’s stock, at 85% of the lower of the fair market value on: i. the first day of the applicable offering period, or ii. the last day of the applicable purchase period within the offering period. Employees also have the option to participate through a cashless program, by electing to settle on a net basis on the purchase date. At the end of each purchase period, employee contributions are used to purchase Company common stock. During each of the years ended December 31, 2025, December 31, 2024 and December 31, 2023, there were two offerings under the 2023 ESPP. The 2025 offerings had weighted-average grant date fair values of $22.27 and $19.87 (2024: $15.94 and $19.42; 2023: $11.99 and $12.43). The significant assumptions used to estimate the fair value of ESPP awards are presented in the following table on a weighted-average basis:
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Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Note 23. Leases The following table presents the components of lease expense:
The Company's leases relate primarily to property, yard equipment, vehicles and office equipment. Operating Leases The majority of the leases have a fixed term with a remaining life of one month to 20 years. The leases have varying contract terms, escalation clauses and renewal options. Generally, there are no restrictions placed upon the lessee by entering into these leases, other than restrictions on use of property, sub-letting and alterations. The Company has not included any purchase options in the measurement of its operating lease balances. The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
At December 31, 2025, the weighted-average remaining lease term for operating leases is 11.3 years (December 31, 2024: 11.8 years) and the weighted-average discount rate is 5.5% (December 31, 2024: 5.6%). There are no additional undiscounted commitments for leases not yet commenced at December 31, 2025 (December 31, 2024: nil). Finance Leases The majority of the leases have a fixed term with a remaining life of one month to five years. In certain of these leases, the Company has the option to purchase the leased asset at fair market value or a stated residual value at the end of the lease term. Renewal options are included in the measurement of lease balances to they extent they are reasonably certain of exercise. includes the following finance lease assets:
The future aggregate minimum lease payments under non-cancellable finance leases are as follows:
At December 31, 2025, the weighted-average remaining lease term for finance leases is 3.3 years (December 31, 2024: 3.9 years) and the weighted-average discount rate is 6.1% (December 31, 2024: 6.1%). Subleases At December 31, 2025, the total future minimum sublease payments expected to be received under non-cancellable subleases is $5.0 million (December 31, 2024: $6.4 million).
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| Leases | Note 23. Leases The following table presents the components of lease expense:
The Company's leases relate primarily to property, yard equipment, vehicles and office equipment. Operating Leases The majority of the leases have a fixed term with a remaining life of one month to 20 years. The leases have varying contract terms, escalation clauses and renewal options. Generally, there are no restrictions placed upon the lessee by entering into these leases, other than restrictions on use of property, sub-letting and alterations. The Company has not included any purchase options in the measurement of its operating lease balances. The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
At December 31, 2025, the weighted-average remaining lease term for operating leases is 11.3 years (December 31, 2024: 11.8 years) and the weighted-average discount rate is 5.5% (December 31, 2024: 5.6%). There are no additional undiscounted commitments for leases not yet commenced at December 31, 2025 (December 31, 2024: nil). Finance Leases The majority of the leases have a fixed term with a remaining life of one month to five years. In certain of these leases, the Company has the option to purchase the leased asset at fair market value or a stated residual value at the end of the lease term. Renewal options are included in the measurement of lease balances to they extent they are reasonably certain of exercise. includes the following finance lease assets:
The future aggregate minimum lease payments under non-cancellable finance leases are as follows:
At December 31, 2025, the weighted-average remaining lease term for finance leases is 3.3 years (December 31, 2024: 3.9 years) and the weighted-average discount rate is 6.1% (December 31, 2024: 6.1%). Subleases At December 31, 2025, the total future minimum sublease payments expected to be received under non-cancellable subleases is $5.0 million (December 31, 2024: $6.4 million).
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Commitments and Contingencies |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | Note 24. Commitments and Contingencies Commitments At December 31, 2025, the Company had committed to capital expenditures for property, plant and equipment totaling approximately $50.1 million (December 31, 2024: $26.9 million) and expenditures for intangible assets and technology services agreements totaling approximately $22.0 million (December 31, 2024: $26.7 million). Legal and Other Claims On July 31, 2023, Ann Fandozzi informed the Company’s Board of her intention to resign from her position as the Company’s Chief Executive Officer due to a disagreement with the Company regarding her compensation as Chief Executive Officer. The Board accepted her verbal resignation and interpreted her subsequent conduct as affirmation of her resignation. The Company advised Ms. Fandozzi that it was accepting her resignation effective immediately and waiving any written procedural notice requirements under the Employment Agreement by and between Ritchie Bros. Auctioneers (Canada) Ltd. and Ms. Fandozzi, dated December 14, 2019. Ms. Fandozzi disputed that she tendered her resignation. On February 21, 2024, Ms. Fandozzi formally resigned from the Company’s Board. Arbitration in accordance with the terms of Ms. Fandozzi’s employment agreement concluded on February 16, 2026, when an arbitration panel issued a final binding decision awarding Ms. Fandozzi $59.6 million. The Company has accounted for the decision as an adjusting subsequent event and recorded an expense of $41.7 million in the year ended December 31, 2025, representing the adjustment of the previously recorded accrual to the awarded amount. The Company is subject to legal and other claims that arise in the ordinary course of its business. Management does not believe that the results of these claims will have a material effect on the Company’s consolidated balance sheets or consolidated income statements. Guarantee Contracts In the normal course of business, the Company may guarantee a consignor a minimum level of proceeds in connection with the sale at auction of that consignor’s equipment. At December 31, 2025, there were $104.9 million of assets guaranteed under contract, of which 59% is expected to be sold prior to March 31, 2026, with substantially all of the remainder to be sold by June 30, 2026 (December 31, 2024: $39.1 million of which 44% was expected to be sold prior to the end of March 31, 2025, with the remainder to be sold by December 31, 2025). The outstanding guarantee amounts are undiscounted and before estimated proceeds from sale at auction.
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Subsequent Events |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 25. Subsequent Events [Placeholder for material subsequent event disclosure, if required]
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Insider Trading Arrangements |
3 Months Ended |
|---|---|
|
Dec. 31, 2025
shares
| |
| Trading Arrangements, by Individual | |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
| Chris Carlson [Member] | |
| Trading Arrangements, by Individual | |
| Material Terms of Trading Arrangement | Chris Carlson, Chief Accounting Officer, adopted a new Rule 10b5-1 trading arrangement on November 26, 2025, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and scheduled to terminate on or before November 25, 2026. Under the trading arrangement, up to an aggregate of approximately 890 shares of common stock are available to be sold by the broker. |
| Name | Chris Carlson |
| Title | Chief Accounting Officer |
| Rule 10b5-1 Arrangement Adopted | true |
| Adoption Date | November 26, 2025 |
| Expiration Date | November 25, 2026 |
| Arrangement Duration | 364 days |
| Aggregate Available | 890 |
Insider Trading Policies and Procedures |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Insider Trading Policies and Procedures [Line Items] | |
| Insider Trading Policies and Procedures Adopted | true |
Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Cybersecurity Risk Management, Strategy, and Governance [Line Items] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | RB Global recognizes the critical importance of assessing, identifying and managing material risks to our business associated with cybersecurity threats and incidents. Cybersecurity risks are identified through various means, including internal assessments of IT initiatives and systems, cybersecurity assessments of third-party providers, penetration testing using third-party tools and techniques to test technical controls, vulnerability identification and management procedures, and monitoring emerging threat intelligence, as well as emerging laws and regulations. Our strategy to manage cybersecurity risk prioritizes threat prevention, as well as resiliency through established defense, detection and response mechanisms and processes. These mechanisms and processes include risk-based technical security controls, policy enforcement mechanisms, alert monitoring and other security tools (such as our security incident event management platform, which provides a centralized view of all alerts within our information systems environment), incident tracking and management (for both internal events and those reported by third-party providers), employee training, and contractual arrangements with third parties that provide cybersecurity risk management services. Through these processes, we regularly monitor the efficacy of our protection, detection and response mechanisms to cybersecurity threats and implement changes as appropriate. Key metrics in relation to such monitoring include detection and remediation of incidents, vulnerability reporting and patching, detecting and takedowns relating to digital fraud, and outcomes of our phishing simulations. Additionally, management has established two cross-functional committees made up of appropriate personnel throughout the Company, the Data Privacy Committee (“DPC”) and the Security Steering Committee (“SSC”), to frame, review and guide our processes. The SSC is comprised of our Chief Operations Officer (“COO”), who provides overall leadership for the Company's technology organization and has assumed the responsibilities of the Company's Chief Technology Officer (“CTO”) on an interim basis, our Chief Information Security Officer (“CISO”), and other IT leaders, as well as representatives from Internal Audit, Product Management, Human Resources and Legal. The DPC is responsible for developing strategies and policies relating to data privacy and protection and the SSC provides a forum for engaging stakeholders on security and risk reduction initiatives, setting security policies and assessing the effectiveness of Company efforts to monitor, prevent, and remediate security threats and incidents. We maintain a comprehensive security program that includes physical, administrative and technical safeguards designed to prevent and appropriately respond to cybersecurity threats or incidents. We have engaged a third-party consulting firm to conduct ongoing cybersecurity maturity assessments and audits based on best practice frameworks. We also continue to invest in dedicated information security resources and technology to strengthen our programs and controls around people and processes. In the event of a cybersecurity incident, we have established an incident response and breach management process led by our CISO with the support of leaders from Legal, Operations, and Internal Audit. We have retainers with experienced breach coaches in multiple jurisdictions that have been pre-approved by our insurers and a reputable third-party incident response provider on call as necessary. Cybersecurity incidents, once identified, are evaluated, ranked by severity and prioritized for response and remediation. Incidents are evaluated to determine materiality, as well as operational, business and privacy impact. Recognizing that our employees are a crucial line of defense against cybersecurity threats, RB Global conducts mandatory onboarding and annual security awareness training. We also designate October as Cybersecurity Awareness Month and emphasize through various information campaigns the importance of data and systems security and privacy. Additionally, we deploy phishing simulations to provide “experiential learning” on how to recognize phishing attempts and we measure the effectiveness of our training. We are not aware of having experienced, directly or through our third-party providers, any cybersecurity threats or incidents through the date of this Report that have materially affected the Company, its business strategy, results of operations or financial condition, or are reasonably likely to have such an effect. This does not guarantee that future incidents or threats will not have a material impact, or that we or our third-party providers are not currently the subject of an undetected incident or threat that may have such an impact. For more information on our cybersecurity related risks, see Part I, Item 1A Risk Factors of this Annual Report on Form 10-K.
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| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | RB Global recognizes the critical importance of assessing, identifying and managing material risks to our business associated with cybersecurity threats and incidents. Cybersecurity risks are identified through various means, including internal assessments of IT initiatives and systems, cybersecurity assessments of third-party providers, penetration testing using third-party tools and techniques to test technical controls, vulnerability identification and management procedures, and monitoring emerging threat intelligence, as well as emerging laws and regulations. Our strategy to manage cybersecurity risk prioritizes threat prevention, as well as resiliency through established defense, detection and response mechanisms and processes. These mechanisms and processes include risk-based technical security controls, policy enforcement mechanisms, alert monitoring and other security tools (such as our security incident event management platform, which provides a centralized view of all alerts within our information systems environment), incident tracking and management (for both internal events and those reported by third-party providers), employee training, and contractual arrangements with third parties that provide cybersecurity risk management services. Through these processes, we regularly monitor the efficacy of our protection, detection and response mechanisms to cybersecurity threats and implement changes as appropriate. Key metrics in relation to such monitoring include detection and remediation of incidents, vulnerability reporting and patching, detecting and takedowns relating to digital fraud, and outcomes of our phishing simulations. |
| Cybersecurity Risk Management Third Party Engaged [Flag] | true |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Board of Directors Oversight [Text Block] | The Board of Directors and management are actively involved and play an important part in the oversight of cybersecurity threats and incidents. Our Audit Committee receives a quarterly, or more often as needed, briefing from our CISO on cybersecurity matters and key performance indicators relating to the security program. Our Board members engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy processes as needed. Visibility and transparency regarding our cybersecurity program and cybersecurity threats and incidents provides the Board with the foundation for oversight over the Company's security operations, program status and cybersecurity risk management. At the management level, our cybersecurity risk management and strategy processes are overseen by the Company's COO (having assumed the responsibilities of CTO on an interim basis), CISO and Senior Director, Internal Audit with ongoing feedback and risk reduction initiative support from the SSC. The SSC generally meets quarterly to discuss operational cybersecurity risks and associated remediation efforts. The Company's COO and CISO have substantial work experience in roles involving IT. Our COO has more than 20 years of operations and supply chain experience in the areas of product development and continuous improvement, with a significant focus on maintaining continuity and preventing operational downtime. He most recently served as Division President from 2023 to 2024 at a global logistics company, where he was responsible for the operational processes and technological capabilities at more than 120 distribution centers. He holds an undergraduate degree and a masters degree in managerial economics. The Company's CISO has served in various roles in IT and information security for more than 20 years across a number of industries, including financial and investment management, human resources consulting, and consumer data intelligence. Most recently, in addition to his role as the Company's CISO, he served as our VP, Information Technology since 2017. Over the past 5 years, he has sat on various industry CISO advisory boards and currently sits on two advisory boards for companies transforming security operations through artificial intelligence and enriched security data management solutions. He also holds an undergraduate diploma in computer systems networking and telecommunications and several certifications, including a certification in computer hacking forensic investigation. Our Senior Director, Internal Audit spent over 17 years at a multinational professional services firm where she gained significant experience in auditing, inclusive of internal controls. Most recently, for over 5 years, she served as Senior Director, Corporate Reporting and Accounting at RB Global. She also has a CPA designation (Chartered Professional Accountants) and an undergraduate degree in business. These individuals remain informed about, and monitor the prevention, mitigation, detection and remediation of cybersecurity threats and incidents through their leadership of the cybersecurity risk management and strategy processes and management committees described above.
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| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Board of Directors and management are actively involved and play an important part in the oversight of cybersecurity threats and incidents. |
| Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | Our Audit Committee receives a quarterly, or more often as needed, briefing from our CISO on cybersecurity matters and key performance indicators relating to the security program. Our Board members engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy processes as needed. Visibility and transparency regarding our cybersecurity program and cybersecurity threats and incidents provides the Board with the foundation for oversight over the Company's security operations, program status and cybersecurity risk management.At the management level, our cybersecurity risk management and strategy processes are overseen by the Company's COO (having assumed the responsibilities of CTO on an interim basis), CISO and Senior Director, Internal Audit with ongoing feedback and risk reduction initiative support from the SSC. The SSC generally meets quarterly to discuss operational cybersecurity risks and associated remediation efforts. |
| Cybersecurity Risk Role of Management [Text Block] | The Board of Directors and management are actively involved and play an important part in the oversight of cybersecurity threats and incidents. Our Audit Committee receives a quarterly, or more often as needed, briefing from our CISO on cybersecurity matters and key performance indicators relating to the security program. Our Board members engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy processes as needed. Visibility and transparency regarding our cybersecurity program and cybersecurity threats and incidents provides the Board with the foundation for oversight over the Company's security operations, program status and cybersecurity risk management.
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| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | The Board of Directors and management are actively involved and play an important part in the oversight of cybersecurity threats and incidents. Our Audit Committee receives a quarterly, or more often as needed, briefing from our CISO on cybersecurity matters and key performance indicators relating to the security program. Our Board members engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy processes as needed. Visibility and transparency regarding our cybersecurity program and cybersecurity threats and incidents provides the Board with the foundation for oversight over the Company's security operations, program status and cybersecurity risk management.
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| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | The Company's COO and CISO have substantial work experience in roles involving IT. Our COO has more than 20 years of operations and supply chain experience in the areas of product development and continuous improvement, with a significant focus on maintaining continuity and preventing operational downtime. He most recently served as Division President from 2023 to 2024 at a global logistics company, where he was responsible for the operational processes and technological capabilities at more than 120 distribution centers. He holds an undergraduate degree and a masters degree in managerial economics. The Company's CISO has served in various roles in IT and information security for more than 20 years across a number of industries, including financial and investment management, human resources consulting, and consumer data intelligence. Most recently, in addition to his role as the Company's CISO, he served as our VP, Information Technology since 2017. Over the past 5 years, he has sat on various industry CISO advisory boards and currently sits on two advisory boards for companies transforming security operations through artificial intelligence and enriched security data management solutions. He also holds an undergraduate diploma in computer systems networking and telecommunications and several certifications, including a certification in computer hacking forensic investigation. Our Senior Director, Internal Audit spent over 17 years at a multinational professional services firm where she gained significant experience in auditing, inclusive of internal controls. Most recently, for over 5 years, she served as Senior Director, Corporate Reporting and Accounting at RB Global. She also has a CPA designation (Chartered Professional Accountants) and an undergraduate degree in business. These individuals remain informed about, and monitor the prevention, mitigation, detection and remediation of cybersecurity threats and incidents through their leadership of the cybersecurity risk management and strategy processes and management committees described above. |
| Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | Our Audit Committee receives a quarterly, or more often as needed, briefing from our CISO on cybersecurity matters and key performance indicators relating to the security program. Our Board members engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy processes as needed. Visibility and transparency regarding our cybersecurity program and cybersecurity threats and incidents provides the Board with the foundation for oversight over the Company's security operations, program status and cybersecurity risk management.At the management level, our cybersecurity risk management and strategy processes are overseen by the Company's COO (having assumed the responsibilities of CTO on an interim basis), CISO and Senior Director, Internal Audit with ongoing feedback and risk reduction initiative support from the SSC. The SSC generally meets quarterly to discuss operational cybersecurity risks and associated remediation efforts. |
| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Significant Accounting Policies (Policies) |
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| Basis of Presentation | Basis of Presentation These financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”) and presented in U.S. dollars. Unless otherwise indicated, all amounts in the following tables are in millions, except per share amounts.
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| Basis of Consolidation | Basis of Consolidation The consolidated financial statements include the accounts of the Company and entities consolidated under the interest and voting models. All significant intercompany transactions and balances have been eliminated. Non-controlling interests are reported in the Company’s consolidated balance sheets as a separate component of equity or within temporary equity.
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| Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the amounts reported in the financial statements and disclosed in the accompanying notes. Actual results could differ from those estimates. Accounting for business combinations requires estimates with respect to the fair value of the assets acquired and liabilities assumed. Estimates of fair value require valuation methods, which rely on significant estimates and assumptions, especially for acquired intangible assets.
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| Revenue Recognition | Revenue Recognition The Company recognizes revenue when control of the promised goods or services is transferred to customers, or upon completion of the performance obligation, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The transaction price is reduced by estimates of variable consideration, such as volume rebates and discounts. Revenues are comprised of: •Service revenue, including: i.Transactional seller revenues, which includes commissions and other fees earned from consignors to facilitate the sale of an asset such as inbound tow, liens search, title processing, online listing and inspection fees; ii.Transactional buyer revenues, which includes tiered buyer transaction and other fees earned from buyers to complete the purchase of an asset, such as title processing, late pick-up, platform registration and other administrative fees; and iii.Marketplace services revenues, which includes fees earned from various optional services provided to buyers, sellers, or other third-parties, such as transportation, buyer towing, refurbishment, financing, parts procurement, data and appraisal, and other ancillary services. •Inventory sales revenue, which consists of revenue relating to assets that are purchased by the Company and then resold. Service Revenue The Company offers the following types of commission arrangements to sellers: •Straight commission contracts, where the consignor receives the gross proceeds from the sale less a pre-negotiated commission rate; •Fixed fee commission contracts, where the consignor receives the gross proceeds from the sale less a fixed flat fee; and •Guarantee contracts, where the consignor receives a guaranteed minimum amount plus an additional amount if proceeds exceed a specified level. Transactional seller and buyer revenue is recognized when a binding obligation with the buyer is created upon the final acceptance of the winning bid, and the performance obligations, including other sale related services, are satisfied at the end of the sale process. Revenue is measured at the fair value of the consideration received or receivable and is shown net of value-added tax and duties. The Company generally does not pay consignors until it receives the auction proceeds from buyers, except in certain automotive arrangements where it may be required to pay the consignor even if the buyer defaults. When a buyer defaults (a collapsed sale), the sale is cancelled and the property is either returned to the consignor or resold. If the Company has already paid the consignor, the property is recorded as inventory until resold. The Company records a provision for expected collapsed or cancelled sales based on historical default experience, customer data, and reasonable forecasts. Losses from guarantee contracts are recorded in the period in which the relevant sale is completed or accrued if they become probable and estimable. The Company may share commissions or buyer fees with customers or third parties when selling consigned assets. In these arrangements, it must determine whether it acts as the principal and reports revenue on a gross basis or as the agent and reports revenue on a net basis. This assessment focuses on whether the Company controls the asset or service and is primarily responsible for fulfilling the sale. When buyer fees are shared with consignors, the shared amount is recorded as a reduction of revenue. Transactional buyer revenue also includes buyer platform registration fees to access certain vehicle auction and marketplace sales for a - or two-year term which are recognized ratably over the contract term. Marketplace services revenue is recognized in the period in which the service is provided or control has been transferred. Inventory Sales Revenue Inventory sales revenue is recognized in the period in which the sale is complete and control has been transferred.
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| Costs of Services | Costs of Services Costs of services is comprised of expenses incurred in direct relation to earning service revenue. Costs of services relating to revenues generated from auction sites which conduct weekly auctions, includes full- and part-time labor, lease expense, towing, onsite customer care support, and other operating costs. Costs of services relating to revenues generated from auction sites which conduct less frequent auctions, includes direct part-time and temporary labor costs, marketing, travel, and other operating costs to support auction events. Cost of services includes the portion of commissions or fees shared with third parties where the Company is principal in the underlying transaction.
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| Share-based Payments | Share-based Payments The Company uses the fair value method to account for share-based payment awards. Share-based awards granted to employees include stock options, restricted stock units (“RSUs”), performance share units (“PSUs”), and awards under the employee stock purchase plan (“ESPP”) and share-based awards granted to directors include RSUs and deferred share units (“DSUs”). All awards other than DSUs are classified as equity as they are expected to be settled in shares. Compensation cost is recognized over the requisite service period, with a corresponding credit to additional paid-in capital for equity awards. The Company accounts for forfeitures as they occur. RSUs have service conditions and are measured at the grant-date share price, with expense recognized using the graded vesting approach. PSUs have service conditions, together with performance or market conditions. PSUs with performance conditions are measured at the grant-date share price and expensed based on the probability of achieving the conditions. PSUs with market conditions are valued using a Monte Carlo simulation model and compensation cost is recognized over the service period regardless of whether the market condition is ultimately achieved. Stock options and ESPP awards are valued using the Black-Scholes model. The ESPP is compensatory, and expense is recognized using the accelerated method. Proceeds from stock option exercises, together with the related APIC, are credited to common stock. DSUs vest immediately, are expected to be settled in cash, and are classified as liability awards. DSUs are measured at fair value initially and remeasured each reporting date based on the Company’s closing share price, with changes recognized in compensation expense. The related liability is included in accrued liabilities. Incremental fair value from award modifications is recognized in the period of modification. Dividend equivalents on equity-classified awards are recorded as a reduction to retained earnings when earned.
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| Leases | Leases Right-of-Use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. The Company determines if an arrangement is or contains a lease at inception. The Company may have lease agreements with lease and non-lease components, which are generally accounted for separately. The Company applies a portfolio approach to account for leases of certain similar assets with similar terms. Leases with an initial term of 12-months or less are short-term in nature and not recorded on the consolidated balance sheets. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments, initial direct costs incurred, and prepaid lease payments and exclude lease incentives. Renewal options, purchase options, and termination options are included in the determination of lease balances when it is reasonably certain that the Company will exercise such options. The Company generally uses its estimated incremental borrowing rate in determining the present value of lease payments, unless the implicit rate is readily determinable. Operating lease expense is recognized on a straight-line basis over the lease term and is included in costs of services and selling, general and administrative expenses. Finance lease ROU assets are generally amortized over the lease term and included in depreciation expense. The interest on finance lease liabilities is included in interest expense.
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| Derivative Financial Instruments | Derivative Financial Instruments The Company enters into forward currency contracts from time to time to manage exposure to foreign currency exchange gains and losses its subsidiaries are exposed to on monetary assets and liabilities denominated in currencies other than the functional currency. Derivative instruments are recorded at fair value. Unrealized gains and losses on derivatives not designated in a hedging relationship are recorded in net income. Derivatives embedded in non-derivative contracts are recognized separately unless they are closely related to the host contract.
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| Fair Value Measurement | Fair Value Measurement Fair value is the exit price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements at fair value are categorized within the fair value hierarchy, based on the lowest level input that is significant to the fair value measurement or disclosure: •Level 1: Inputs that are based upon quoted active markets for identical assets or liabilities. •Level 2: Inputs, other than quoted prices included within Level 1, which are observable either directly or indirectly. •Level 3: Unobservable inputs where there is little or no market activity for the asset or liability. These inputs reflect management's best estimate of what market participants would use to price the assets or liabilities at the measurement date. For assets and liabilities recognized in the consolidated balance sheets at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization at the end of each reporting period.
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| Foreign Currency Translation | Foreign Currency Translation The functional currency of each Company subsidiary is the currency of the primary economic environment in which the entity operates. The financial statements of foreign denominated subsidiaries are translated to U.S. dollars using the period end exchange rates for the balance sheet and monthly average exchange rate for the income statement. Translation gains and losses are included in foreign currency translation adjustment in other comprehensive income (loss), net of income tax. Transactions denominated in a currency other than an entity's functional currency are remeasured into the functional currency with resulting gains and losses recognized in earnings, except for gains and losses arising on intercompany foreign currency transactions that are of a long-term investment nature, which are included in foreign currency translation adjustments in other comprehensive income (loss), net of income tax.
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| Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents is comprised of cash on hand, deposits with financial institutions, other short-term, liquid investments with original maturities of three months or less, and overdraft balances to the extent the financial institution has the legal right of offset.
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| Restricted Cash | Restricted cash consists of cash held in segregated accounts, used to settle auction proceeds payable, as required in certain jurisdictions and funds held in accounts to support stand-by letters of credit. Book overdrafts represent outstanding checks and other pending disbursements in excess of cash account balances with a right of offset. Such amounts are recorded in accounts payable and are reflected as an operating activity in the consolidated statements of cash flows.
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| Trade and Other Receivables | Trade and Other Receivables Trade and other receivables primarily consist of amounts due from auction buyers and sellers, advance charges paid on a consignors behalf, and the current portion of loans receivable. Accounts receivable are reported net of an allowance for credit losses, based on historical experience, customer economic data, and external market conditions.
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| Prepaid Consigned Vehicle Charges | Prepaid Consigned Vehicle Charges Prepaid consigned vehicle charges consist of inbound tow, titling, and enhancement charges incurred and associated with consigned vehicles on a specific identification basis. These prepaid charges are recorded in cost of services once the associated vehicle is sold and revenue is recognized.
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| Inventory | Inventory Inventory is carried at the lower of cost and net realizable value, where net realizable value represents the expected sale price upon disposition of the asset inclusive of buyer fees and other fees, less make-ready costs and costs of disposal and transportation. The significant elements of cost include acquisition price, in-bound transportation costs, and make-ready costs. Inventory write-downs are included in cost of inventory sold on the consolidated income statements. Cost of inventory sold is determined on the specific identification basis.
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| Equity Method Investments | Equity Method Investments The Company accounts for investments which it does not control, but has the ability to exercise significant influence over, by applying the equity method of accounting. The Company's share of income and losses of equity method investees and impairment losses are recognized in the consolidated income statements during the period that they are incurred. Returns of investment in excess of cumulative equity earnings are classified as cash flows from investing activities. The Company evaluates equity method investments for impairment when events or circumstances suggest that the carrying amount of the investment may be impaired. An impairment loss on an equity method investment is recognized when a decline in its value is determined to be other-than-temporary.
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| Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment is stated at cost less accumulated depreciation. Cost includes expenditures directly attributable to the acquisition or development of the asset, including the cost of materials and direct labor, any other costs directly attributable to bringing the assets to working condition for their intended use, the costs of dismantling and removing items and restoring the site on which they are located (if applicable), and capitalized interest on qualifying assets. Repairs and maintenance costs are expensed. Gains and losses on the disposition of property, plant and equipment are determined as the difference between the proceeds received and the carrying amount of an asset. Depreciation of property, plant and equipment under finance leases is recorded in depreciation expense. The method of depreciation and estimated useful lives by asset type are as follows:
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| Assets Held for Sale | Assets Held for Sale The Company classifies assets or disposal groups as held for sale when management commits to a plan to sell, the assets are available for immediate sale in their present condition, the sale is probable and expected to be completed within one year, the Company is actively marketing the assets at a price reasonable in relation to their current fair value, and actions required to complete the plan indicate it is unlikely the plan will change significantly. Upon classification as held for sale, the assets, or disposal group, are measured at the lower of their carrying amount and fair value less cost to sell and are not depreciated.
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| Intangible Assets | Intangible Assets Intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. Cost includes expenditures directly attributable to the acquisition or development of the asset, net of any amounts received in relation to those assets. Costs of internally developed software and technology assets are amortized on a straight-line basis over their estimated useful lives. Costs incurred prior to the application development stage are charged to operations as incurred. Once application development has begun, directly attributable costs are capitalized until the software and technology assets are available for use. Amortization is recognized in earnings on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The amortization periods of finite-lived intangible assets are re-evaluated periodically when facts and circumstances indicate that the remaining useful lives may have changed. Indefinite-lived trade names and trademarks are not amortized. The estimated useful lives of the Company's intangible assets by asset type are as follows:
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| Cloud Computing Arrangements | Cloud Computing Arrangements The Company defers costs incurred to implement cloud computing arrangements that are service contracts hosted by third-party vendors within other current assets and other non-current assets on the consolidated balance sheets. Once implementation of the cloud computing arrangement is complete, the costs are amortized to selling, general and administrative expense over the expected term of the associated hosting arrangement on a straight-line basis, taking into account renewal options which are reasonably certain to be exercised.
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| Impairment of Long-lived Assets | Impairment of Long-lived Assets Property, plant and equipment, right-of-use assets, and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The recoverability assessment is performed at the lowest level of identifiable cash flows. An impairment loss is recognized if the carrying amount of an asset or asset group exceeds the sum of the estimated undiscounted future cash flows, and is measured as the amount by which the carrying amount exceeds fair value. Indefinite-lived intangible assets are tested for impairment annually as of December 31, or more frequently if events or circumstances indicate that their carrying amounts may not be recoverable. The Company first assesses qualitative factors to determine whether it is more likely than not that an asset’s fair value exceeds its carrying amount. If a quantitative test is necessary, the estimated fair value is compared to carrying amount and any excess carrying amount is recognized as an impairment loss, if applicable.
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| Goodwill | Goodwill Goodwill represents the excess of the purchase price of an acquired business over the fair value of its identifiable assets acquired and liabilities assumed. Goodwill is tested annually for impairment at the reporting unit level as of December 31, and more frequently if indicators of potential impairment are identified. The Company performs a qualitative impairment assessment if it determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount. If a quantitative impairment test is required, the reporting unit’s fair value is compared to its carrying amount including goodwill and if the reporting unit's carrying amount exceeds its estimated fair value, an impairment loss is recognized, if applicable.
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| Deferred Financing Costs | Deferred Financing Costs Deferred financing costs represent the unamortized debt issuance costs incurred on the issuance of the Company’s long-term debt and are amortized to interest expense using the effective interest method over the lives of the related long-term debt. Deferred financing costs are presented as a reduction in the carrying amount of the related long-term debt or in other non-current assets. Deferred financing costs presented in other non-current assets relate to the Company's revolving credit facilities. The Company expenses the portion of deferred financing costs associated with partial repayments of debt to interest expense.
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| Redeemable Non-controlling Interest | Redeemable Non-controlling Interest Redeemable non-controlling interest is classified as temporary equity on the consolidated balance sheets, as the holder may put its interest to the Company. Redeemable non-controlling interest is initially carried at its acquisition date fair value. The Company evaluates redeemable non‑controlling interest at the end of each reporting period to determine whether redemption is probable. If it becomes probable of redemption, the Company adjusts the carrying amount to its estimated redemption value at the end of each reporting period, with an offsetting adjustment to retained earnings.
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| Redeemable Convertible Preferred Stock | Redeemable Convertible Preferred Stock Redeemable convertible preferred stock is classified as temporary equity on the consolidated balance sheet as it could become redeemable due to a change in control, which would be outside of the Company’s control. The redeemable convertible preferred stock is initially carried at fair value, and if redemption becomes probable, the Company will adjust the carrying amount to its estimated redemption value at the end of each reporting period, with an offsetting adjustment to retained earnings. Direct and incremental costs incurred in connection with issuance are recorded as a reduction in the initial carrying amount.
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| Defined Contribution Plans | Defined Contribution Plans Certain employees of the Company are members of retirement benefit plans to which the Company matches up to a specified percentage of employee contributions or, in certain jurisdictions, contributes a specified percentage of payroll costs as mandated by the local authorities. The only obligation of the Company with respect to these plans is to make specified contributions. Contributions are charged to the consolidated income statements reflecting the period of the employee's service.
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| Advertising Costs | Advertising Costs Advertising costs are expensed as incurred and included in both costs of services and selling, general and administrative expenses on the consolidated income statements. Advertising expense recorded in costs of services was $9.6 million, $10.6 million, and $9.4 million for 2025, 2024, and 2023, respectively. Advertising expense recorded in selling, general and administrative expenses was $21.1 million, $24.6 million, and $26.1 million for 2025, 2024, and 2023, respectively.
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| Self-insurance Reserves | Self-insurance Reserves The Company self-insures a portion of employee medical benefits, as well as a portion of its automobile, general liability and workers’ compensation claims. The Company has insurance coverage that limits the exposure on individual claims. The cost of the insurance is expensed over the contract periods. Utilizing historical claims experience, the Company records an accrual for the claims related to its employee medical benefits, automobile, general liability and workers’ compensation claims based upon the expected amount of all such claims, which includes the cost of claims that have been incurred but not reported.
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| Business Combinations | Business Combinations Business combinations are accounted for using the acquisition method. The purchase price is determined based on the fair value of the assets transferred, liabilities assumed, and equity interests issued, after considering any transactions that are separate from the business combination and which are accounted for separately. The Company allocates the aggregate of the fair value of the purchase consideration transferred to the assets acquired and the liabilities assumed at their estimated fair values on the date of acquisition with any excess recorded as goodwill. The purchase price allocation may be provisional during a one year measurement period. Any measurement period adjustments are recognized in the period in which the adjustment amounts are determined. Acquisition-related costs are expensed as incurred and included within acquisition-related and integration costs. Where acquired assets and liabilities do not meet the definition of a business, or substantially all of the fair value of the gross assets acquired are concentrated in a single identifiable asset or group of similar identifiable assets, the acquisition is considered an asset acquisition, and is accounted for using the cost accumulation model where the cost of the acquisition, including certain transaction costs, are allocated to the assets acquired on the basis of relative fair values.
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| Income Taxes | Income Taxes Income taxes are accounted for using the asset and liability method. Deferred income tax assets and liabilities are based on temporary differences, which are differences between the carrying amounts and tax basis of assets and liabilities, and non-capital loss, capital loss, and tax credits carryforwards, measured using the enacted tax rates expected to apply when these differences reverse. Deferred tax benefits, including non-capital loss, capital loss, and tax credits carryforwards, are recognized to the extent that realization of such benefits is considered more likely than not. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that enactment occurs. When realization of deferred income tax assets does not meet the more-likely-than-not criterion for recognition, a valuation allowance is recognized. Uncertain tax positions are recognized when it is more likely than not, based on the technical merits of the position, that the position will be sustained. Recognized tax benefits are measured as the largest amount of benefit that is more than 50 percent likely to be realized upon settlement. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, income taxes payable, and deferred taxes in the period in which the facts that give rise to a revision become known. Interest and penalties related to income taxes, including unrecognized tax benefits, are recorded in income tax expense.
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| Earnings Per Share | Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income available to common stockholders by the weighted-average common stock outstanding. Diluted EPS computed based upon the lower of the two-class method and the if-converted method, which includes the effects of the assumed conversion of the Series A Senior Preferred Shares, and the effect of shares issuable under the Company’s stock-based incentive plans, if such effect is dilutive. The two-class method is an earnings allocation method for computing EPS when a Company’s capital structure includes common stock and participating securities. The two-class method determines EPS between holders of common stock and the Company’s participating preferred stock based on dividends declared and their respective participation rights in undistributed earnings. The dilutive effect of potentially dilutive securities is reflected in diluted EPS by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities. Adjustments to the carrying amount of redeemable non-controlling interest, based on a pre-determined contractual formula or amount, are included in net income available to common stockholders for purposes of calculating EPS.
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| Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted | Recently Adopted Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced annual disclosures within rate reconciliations and disaggregated income taxes paid information. The Company adopted the ASU during the fiscal year ended December 31, 2024 and the required disclosures are included in Note 8. Income Taxes on a retrospective basis. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disaggregated disclosure of specific expense categories in the notes to the financial statements. ASU 2024-03 is effective for the Company for the fiscal year ending December 31, 2027 and interim periods in the fiscal year ending December 31, 2028 and may be applied prospectively or retrospectively. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which provides targeted improvements to ASC 350-40 to increase the operability of the recognition guidance considering different methods of software development. ASU 2025-06 is effective for the Company for the fiscal year ending December 31, 2028, including interim reporting periods within that year, and may be applied prospectively, retrospectively, or under a modified transition approach. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-scope Improvements, which includes a comprehensive listing of required interim disclosures and a new disclosure principle for reporting material events occurring after the most recent annual period. ASU 2025-11 is effective for the Company for interim reporting periods within the fiscal year ending December 31, 2028 and may be applied prospectively or retrospectively. The Company is evaluating the impact of these pronouncements on its consolidated financial statements and related disclosures, including the methods of adoption. ASUs recently issued but not discussed above are not expected to have a material impact on the Company’s financial statements or related disclosures.
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Significant Accounting Policies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of property, plant and equipment | The method of depreciation and estimated useful lives by asset type are as follows:
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| Schedule of finite-lived intangible assets | Amortization is recognized in earnings on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The amortization periods of finite-lived intangible assets are re-evaluated periodically when facts and circumstances indicate that the remaining useful lives may have changed. Indefinite-lived trade names and trademarks are not amortized. The estimated useful lives of the Company's intangible assets by asset type are as follows:
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Acquisitions and Divestitures (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JM Wood Auction Co Inc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Recognized Asset Acquired and Liability Assumed | The Company accounted for the acquisition as a business combination pursuant to ASC 805, Business Combinations. The following table presents the preliminary allocation of the purchase consideration to the major categories of assets acquired and liabilities assumed as of the acquisition date:
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| Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The following table presents the preliminary fair values of the identifiable intangible assets acquired:
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| IAA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Recognized Asset Acquired and Liability Assumed | . The following table presents the final allocation of the purchase price to the fair value of assets acquired and liabilities assumed:
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| Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The following table presents the final fair values of the identifiable intangible assets acquired:
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Loss on Deconsolidation and Recognition of Equity Method Investment (Tables) |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||
| Schedule of Deconsolidation | The loss on deconsolidation including within loss on divestiture and deconsolidation, net was determined as follows:
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Segment Information (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Segment Information | The following table presents the significant segment expenses, in the context of deriving net income, that are regularly provided to and reviewed by the CODM, reconciled to the segment’s net income:
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| Geographic information of long-lived assets | The following table presents property, plant and equipment, net by geographic area based on underlying asset location:
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Disaggregated Revenue (Tables) |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from the rendering of services and sale of inventory | The following table presents revenue disaggregated by type:
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| Geographic information of revenue | The following table presents revenue disaggregated by geographic area, based on the location of the underlying auction activity or rendering of services:
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Acquisition-related and Integration Costs (Tables) |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of acquisition related expenses | The following table presents acquisition-related and integration costs by acquisition:
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of income before income taxes | Income before income taxes consisted of the following:
|
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| Components of the provision for income taxes | The components of income tax expense are as follows:
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| Schedule of effective income tax rate reconciliation | The provision for income taxes was different from the Canadian federal statutory rate applied to income before taxes and is reconciled as follows (percentages of income before income taxes):
1 The Canadian federal statutory tax rate reflects the basic corporate rate of 38%, less the 13% general rate reduction applicable to public companies. 2 Provincial taxes in British Columbia, Alberta, and Ontario for 2023 to 2025 made up the majority of the tax effect in this category.
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| Schedule of supplemental cash flow | The following table presents income taxes paid, net of refunds received, by jurisdiction:
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| Schedule of deferred tax assets and liabilities | Deferred tax assets and deferred tax liabilities were as follows:
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| Schedule of non-capital loss carryforwards | These non-capital loss carryforwards expire as follows:
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| Schedule of unrecognized tax benefits | The following table summarizes the activity related to unrecognized tax benefits:
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Earnings Per Share Available to Common Stockholders (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of earnings per share |
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Supplemental Cash Flow Information (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of net changes in operating assets and liabilities | Net Changes in Operating Assets and Liabilities
|
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| Schedule of supplemental cash flow | The following table presents income taxes paid, net of refunds received, by jurisdiction:
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Fair Value Measurement (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of fair value, assets and liabilities measured on recurring basis | The following table presents the fair values and carrying amounts of the Company's financial instruments that are required to be recorded or disclosed at fair value on a recurring basis:
|
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Trade and Other Receivables (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of trade and other receivables |
|
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Other Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of other current assets |
|
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Property, Plant and Equipment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of property, plant and equipment | The method of depreciation and estimated useful lives by asset type are as follows:
|
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Other Non-current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets, Noncurrent Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of other non-current assets |
|
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Intangible Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of indefinite-lived intangible assets |
|
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| Schedule of annual amortization expense | Estimated annual amortization of intangible assets for each of the next five years is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of goodwill |
|
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Trade and Other Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of trade and other liabilities |
|
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Debt (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of debt |
1 Interest rates on short-term debt and term loans reflect the weighted-average interest rates on borrowings as of December 31, 2025.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of future principal loan repayments | At December 31, 2025, long-term debt principal repayments to contractual maturity are as follows:
|
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Other Non-current Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of other non-current liabilities |
|
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Temporary Equity, Stockholders' Equity and Dividends (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of dividends declared and paid |
|
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| Schedule of Foreign Currency Translation Reserve | , a component of other comprehensive income (loss), includes the following:
|
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Share-based Payments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Compensation costs related to share-based payments | The following table presents the components of share-based payment expense by consolidated income statement classification:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of stock option activity | The following table presents stock options granted historically, which remain outstanding and exercisable as of December 31, 2025 (actual number of stock options):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ESPP valuation assumptions | The significant assumptions used to estimate the fair value of ESPP awards are presented in the following table on a weighted-average basis:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of shares issuance activity | The following table summarizes share unit activity (actual number of units; weighted-average grant-date fair value per unit):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PSU | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock options valuation assumptions | The significant assumptions used to estimate the fair value are presented in the following table on a weighted-average basis:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease cost | The following table presents the components of lease expense:
includes the following finance lease assets:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Future aggregate minimum operating lease payments | The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
|
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| Future aggregate minimum finance lease payments | The future aggregate minimum lease payments under non-cancellable finance leases are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of Business and Basis of Preparation (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
site
country
| |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Number of sites | site | 14 |
| Number of countries serviced | country | 170 |
Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Disaggregation of Revenue [Line Items] | |||
| Advertising expense | $ 9.6 | $ 10.6 | $ 9.4 |
| Selling, general and administrative expenses | |||
| Disaggregation of Revenue [Line Items] | |||
| Advertising expense | $ 21.1 | $ 24.6 | $ 26.1 |
| Maximum | |||
| Disaggregation of Revenue [Line Items] | |||
| Registration fee term | 2 years | ||
| Minimum | |||
| Disaggregation of Revenue [Line Items] | |||
| Registration fee term | 1 year | ||
Significant Accounting Policies (Depreciation of Assets Based on Usage) (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Land Improvements and Site Improvements | |
| Property, Plant and Equipment [Line Items] | |
| Depreciation rate | 10.00% |
| Buildings and improvements | Minimum | |
| Property, Plant and Equipment [Line Items] | |
| Fixed assets useful life | 15 years |
| Buildings and improvements | Maximum | |
| Property, Plant and Equipment [Line Items] | |
| Fixed assets useful life | 30 years |
| Yard, automotive and office equipment | Minimum | |
| Property, Plant and Equipment [Line Items] | |
| Depreciation rate | 20.00% |
| Yard, automotive and office equipment | Maximum | |
| Property, Plant and Equipment [Line Items] | |
| Depreciation rate | 30.00% |
| Computer software and equipment | Minimum | |
| Property, Plant and Equipment [Line Items] | |
| Fixed assets useful life | 3 years |
| Computer software and equipment | Maximum | |
| Property, Plant and Equipment [Line Items] | |
| Fixed assets useful life | 5 years |
Significant Accounting Policies (Amortization of Intangible Assets) (Details) |
Dec. 31, 2025 |
|---|---|
| Minimum | Trade names and trademarks | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 2 years |
| Minimum | Customer relationships | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 6 years |
| Minimum | Software and technology assets | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 3 years |
| Maximum | Trade names and trademarks | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 15 years |
| Maximum | Customer relationships | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 20 years |
| Maximum | Software and technology assets | |
| Finite-Lived Intangible Assets [Line Items] | |
| Useful life | 7 years |
Acquisitions and Divestitures (Narrative) (Details) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 28, 2025
USD ($)
|
Nov. 03, 2025
USD ($)
|
Jul. 14, 2025
USD ($)
|
Oct. 31, 2024
USD ($)
|
Mar. 20, 2023
USD ($)
|
Jan. 22, 2023
USD ($)
$ / shares
shares
|
Jan. 03, 2023
USD ($)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|
| Business Combination [Line Items] | |||||||||||
| Acquisitions, net of cash acquired | $ 163.6 | $ 192.8 | $ 8.6 | $ 2,778.6 | |||||||
| Goodwill | $ 4,668.0 | $ 4,668.0 | 4,511.8 | $ 4,537.0 | |||||||
| Discontinued Operations, Disposed of by Sale | DDI | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Consideration received from sale | $ 37.8 | ||||||||||
| Gain on disposition of business | $ 5.9 | ||||||||||
| JM Wood Auction Co Inc | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Voting equity interests owned | 100.00% | ||||||||||
| Contingent consideration liability | $ 43.1 | ||||||||||
| Business combination, consideration transferred, measurement period adjustment | 25.2 | ||||||||||
| Goodwill, measurement period adjustment | $ 25.2 | ||||||||||
| Acquiree's revenue, prior period | $ 92.6 | ||||||||||
| Total purchase price | 213.6 | ||||||||||
| Goodwill | $ 145.8 | ||||||||||
| Weighted-average amortization period | 6 years 9 months 18 days | ||||||||||
| JM Wood Auction Co Inc | Accounts Payable and Accrued Liabilities | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Contingent consideration liability | $ 13.8 | ||||||||||
| JM Wood Auction Co Inc | Other Noncurrent Liabilities | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Contingent consideration liability | $ 29.3 | ||||||||||
| IAA | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Total purchase price | $ 6,646.1 | ||||||||||
| Cash consideration per share (usd per share) | $ / shares | $ 12.80 | ||||||||||
| Shares issued per share | 0.5252 | ||||||||||
| Purchase consideration | 1,714.2 | $ 1,700.0 | |||||||||
| Common stock consideration (in shares) | shares | 70.3 | ||||||||||
| Assumption of net debt | $ 1,200.0 | ||||||||||
| Goodwill | $ 3,546.6 | ||||||||||
| Weighted-average amortization period | 13 years 4 months 24 days | ||||||||||
| IAA | 2021 Notes | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Assumption of net debt | $ 500.0 | ||||||||||
| Redemption price percentage | 102.75% | ||||||||||
| Smith Broughton Pty Ltd | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Total purchase price | $ 31.2 | ||||||||||
| Goodwill | $ 8.3 | ||||||||||
| Smith Broughton Pty Ltd | Minimum | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Weighted-average amortization period | 5 years | ||||||||||
| Smith Broughton Pty Ltd | Maximum | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Weighted-average amortization period | 7 years | ||||||||||
| Boom and Bucket Inc | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Total purchase price | $ 10.0 | ||||||||||
| Weighted-average amortization period | 3 years | ||||||||||
| VeriTread | |||||||||||
| Business Combination [Line Items] | |||||||||||
| Total purchase price | $ 32.4 | ||||||||||
| Purchase consideration | 28.1 | ||||||||||
| Goodwill | $ 25.2 | ||||||||||
| Aggregate holdings of issued and outstanding shares | 75.00% | ||||||||||
| Prior holdings of issued and outstanding shares | 11.00% | ||||||||||
| Equity interest, fair value | $ 4.3 | ||||||||||
Acquisitions and Divestitures (Schedule of Purchase Price Allocation) (Details) - USD ($) $ in Millions |
Jul. 14, 2025 |
Mar. 20, 2023 |
Jan. 22, 2023 |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|---|---|---|
| Liabilities assumed: | ||||||
| Goodwill acquired on acquisition | $ 4,668.0 | $ 4,511.8 | $ 4,537.0 | |||
| JM Wood Auction Co Inc | ||||||
| Business Combination [Line Items] | ||||||
| Purchase price | $ 213.6 | |||||
| Assets acquired: | ||||||
| Cash and cash equivalents | 6.4 | |||||
| Inventory | 8.2 | |||||
| Property, plant and equipment | 4.0 | |||||
| Intangible assets | 49.9 | |||||
| Liabilities assumed: | ||||||
| Other, net | (0.7) | |||||
| Fair value of identifiable net assets acquired | 67.8 | |||||
| Goodwill acquired on acquisition | $ 145.8 | |||||
| IAA | ||||||
| Business Combination [Line Items] | ||||||
| Purchase consideration | $ 1,714.2 | $ 1,700.0 | ||||
| Fair value of common shares issued | 3,712.9 | |||||
| Repayment of net debt | 1,157.1 | |||||
| Reimbursement of costs | 48.8 | |||||
| Fair value of exchanged equity awards | 13.1 | |||||
| Purchase price | 6,646.1 | |||||
| Assets acquired: | ||||||
| Cash and cash equivalents | 166.6 | |||||
| Trade and other receivables | 497.3 | |||||
| Inventory | 57.1 | |||||
| Other current assets | 28.0 | |||||
| Income taxes receivable | 0.6 | |||||
| Property, plant and equipment | 618.5 | |||||
| Operating lease right-of-use assets | 1,289.7 | |||||
| Other non-current assets | 34.8 | |||||
| Intangible assets | 2,712.1 | |||||
| Liabilities assumed: | ||||||
| Auction proceeds payable | 60.7 | |||||
| Trade and other liabilities | 257.0 | |||||
| Current operating lease liability | 77.5 | |||||
| Income taxes payable | 3.5 | |||||
| Long-term operating lease liability | 1,192.7 | |||||
| Other non-current liabilities | 24.3 | |||||
| Deferred tax liabilities | 689.5 | |||||
| Fair value of identifiable net assets acquired | 3,099.5 | |||||
| Goodwill acquired on acquisition | $ 3,546.6 |
Acquisitions and Divestitures (Intangible Assets) (Details) - USD ($) $ in Millions |
Jul. 14, 2025 |
Mar. 20, 2023 |
|---|---|---|
| JM Wood Auction Co Inc | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 49.9 | |
| Weighted-average amortization period | 6 years 9 months 18 days | |
| JM Wood Auction Co Inc | Customer relationships | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 46.0 | |
| Weighted-average amortization period | 7 years | |
| JM Wood Auction Co Inc | Trade names and trademarks | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 3.9 | |
| Weighted-average amortization period | 5 years | |
| IAA | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 2,712.1 | |
| Weighted-average amortization period | 13 years 4 months 24 days | |
| IAA | Software under development | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 6.8 | |
| IAA | Customer relationships | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 2,293.5 | |
| Weighted-average amortization period | 15 years | |
| IAA | Developed technology | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 245.2 | |
| Weighted-average amortization period | 4 years | |
| IAA | Trade names and trademarks | ||
| Business Combination [Line Items] | ||
| Fair value at acquisition | $ 166.6 | |
| Weighted-average amortization period | 5 years |
Loss on Deconsolidation and Recognition of Equity Method Investment - Narrative (Details) £ in Millions, $ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Jun. 21, 2025
USD ($)
|
Jun. 21, 2025
GBP (£)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|
| Subsidiary or Equity Method Investee [Line Items] | |||||
| Proceeds from sale of subsidiary | $ 11.0 | £ 8.0 | |||
| Inventory write-downs | 1.7 | $ 8.3 | $ 14.9 | $ 7.0 | |
| Transaction costs | $ 2.5 | ||||
| UK Parts Dismantling Business | |||||
| Subsidiary or Equity Method Investee [Line Items] | |||||
| Period to sell remaining ownership | 6 months | 6 months | |||
| LKQ Europe | LKQ SYNETIQ | |||||
| Subsidiary or Equity Method Investee [Line Items] | |||||
| Equity interest percentage, parent | 60.00% | 60.00% | |||
| LKQ SYNETIQ | |||||
| Subsidiary or Equity Method Investee [Line Items] | |||||
| Ownership interest | 40.00% | 40.00% | |||
Loss on Deconsolidation and Recognition of Equity Method Investment - Loss on Deconsolidation (Details) $ in Millions |
Jun. 21, 2025
USD ($)
|
|---|---|
| Equity Method Investments and Joint Ventures [Abstract] | |
| Fair value of consideration receivable | $ 8.7 |
| Initial carrying amount of the equity method investment | 5.8 |
| Carrying amount of net assets derecognized on deconsolidation | (30.0) |
| Loss on deconsolidation | $ (15.5) |
Segment Information (Narrative) (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
segment
| |
| Segment Reporting [Abstract] | |
| Number of reportable segments | 1 |
| Number of operating segments | 1 |
Segment Information (Schedule of Segment Information) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Segment Reporting [Line Items] | |||
| Total revenue | $ 4,590.7 | $ 4,284.2 | $ 3,679.6 |
| Selling, general and administrative | 905.2 | 773.9 | 743.7 |
| Acquisition-related and integration costs | 19.4 | 29.0 | 216.1 |
| Depreciation and amortization | 483.4 | 444.4 | 352.2 |
| Interest Expense, Nonoperating | 191.6 | 233.7 | 213.8 |
| Income Tax Expense (Benefit) | 108.0 | 137.3 | 76.4 |
| Net income | 427.6 | 412.8 | 206.0 |
| Service revenue | |||
| Segment Reporting [Line Items] | |||
| Total revenue | 3,502.2 | 3,363.6 | 2,732.5 |
| Direct expenses | 1,431.3 | 1,415.7 | 1,007.6 |
| Inventory sales revenue | |||
| Segment Reporting [Line Items] | |||
| Total revenue | 1,088.5 | 920.6 | 947.1 |
| Direct expenses | 1,030.6 | 863.8 | 893.6 |
| Reportable Segment | |||
| Segment Reporting [Line Items] | |||
| Total revenue | 4,590.7 | 4,284.2 | 3,679.6 |
| Selling, general and administrative | 905.2 | 773.9 | 743.7 |
| Acquisition-related and integration costs | 19.4 | 29.0 | 216.1 |
| Depreciation and amortization | 483.4 | 444.4 | 352.2 |
| Interest Expense, Nonoperating | 191.6 | 233.7 | 213.8 |
| Income Tax Expense (Benefit) | 108.0 | 137.3 | 76.4 |
| Segment Reporting, Other Segment Item, Amount | (6.4) | (26.4) | (29.8) |
| Net income | 427.6 | 412.8 | 206.0 |
| Reportable Segment | Service revenue | |||
| Segment Reporting [Line Items] | |||
| Direct expenses | 1,431.3 | 1,415.7 | 1,007.6 |
| Reportable Segment | Inventory sales revenue | |||
| Segment Reporting [Line Items] | |||
| Direct expenses | $ 1,030.6 | $ 863.8 | $ 893.6 |
Segment Information (Geographic Information of Revenue and location of assets) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | $ 1,522.3 | $ 1,275.4 |
| United States | ||
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | 1,035.4 | 947.7 |
| Canada | ||
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | 254.1 | 176.4 |
| Europe | ||
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | 121.6 | 113.0 |
| Australia | ||
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | 91.0 | 18.2 |
| Other | ||
| Revenues from External Customers and Long-Lived Assets [Line Items] | ||
| Property, plant and equipment, net | $ 20.2 | $ 20.1 |
Disaggregated Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Disaggregation of Revenue [Line Items] | |||
| Revenues | $ 4,590.7 | $ 4,284.2 | $ 3,679.6 |
| Total service revenue | |||
| Disaggregation of Revenue [Line Items] | |||
| Revenues | 3,502.2 | 3,363.6 | 2,732.5 |
| Transactional seller revenue | |||
| Disaggregation of Revenue [Line Items] | |||
| Revenues | 928.8 | 939.4 | 851.7 |
| Transactional buyer revenue | |||
| Disaggregation of Revenue [Line Items] | |||
| Revenues | 2,238.3 | 2,067.1 | 1,593.2 |
| Marketplace services revenue | |||
| Disaggregation of Revenue [Line Items] | |||
| Revenues | 335.1 | 357.1 | 287.6 |
| Inventory sales revenue | |||
| Disaggregation of Revenue [Line Items] | |||
| Revenues | $ 1,088.5 | $ 920.6 | $ 947.1 |
Disaggregated Revenue (Disaggregation of Revenue by Geographic Location) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | $ 4,590.7 | $ 4,284.2 | $ 3,679.6 |
| United States | |||
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | 3,307.2 | 3,094.1 | 2,591.6 |
| Canada | |||
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | 695.6 | 640.6 | 551.5 |
| Europe | |||
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | 338.9 | 333.0 | 321.8 |
| Australia | |||
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | 151.2 | 137.2 | 136.7 |
| Other | |||
| Revenues from External Customers and Long-Lived Assets [Line Items] | |||
| Total revenue | $ 97.8 | $ 79.3 | $ 78.0 |
Acquisition-related and Integration Costs (Schedule of Acquisition Related and Integration Costs) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Business Combination [Line Items] | |||
| Acquisition-related and integration costs | $ 19.4 | $ 29.0 | $ 216.1 |
| JM Wood Auction Co Inc | |||
| Business Combination [Line Items] | |||
| Acquisition-related and integration costs | 13.4 | 0.0 | 0.0 |
| IAA | |||
| Business Combination [Line Items] | |||
| Acquisition-related and integration costs | 3.4 | 27.7 | 209.8 |
| Other acquisitions | |||
| Business Combination [Line Items] | |||
| Acquisition-related and integration costs | $ 2.6 | $ 1.3 | $ 6.3 |
Income Taxes (Schedule of Income Before Income Taxes) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Disclosure [Abstract] | |||
| Domestic (Canada) | $ 191.9 | $ 252.9 | $ 170.0 |
| Foreign | 343.7 | 297.2 | 112.4 |
| Income before income taxes | $ 535.6 | $ 550.1 | $ 282.4 |
Income Taxes (Summary of Income Tax Expense (Recovery)) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Domestic (Canada): | |||
| Current tax expense | $ 40.2 | $ 74.3 | $ 43.4 |
| Deferred tax benefit | (0.2) | (5.7) | (2.7) |
| Foreign: | |||
| Current tax expense | 122.0 | 132.2 | 98.8 |
| Deferred tax benefit | (54.0) | (63.5) | (63.1) |
| Income tax expense | $ 108.0 | $ 137.3 | $ 76.4 |
Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Amount | |||
| Canadian federal statutory tax rate | $ 133.9 | $ 137.5 | $ 70.6 |
| Tax credits | (1.0) | (2.0) | 0.0 |
| Changes in unrecognized tax benefits | (3.4) | 5.5 | 2.0 |
| Change in Valuation Allowance | 0.0 | (1.2) | 0.1 |
| Income tax expense | $ 108.0 | $ 137.3 | $ 76.4 |
| Percent | |||
| Canadian federal statutory tax rate | 25.00% | 25.00% | 25.00% |
| Tax credits | (0.20%) | (0.40%) | 0.00% |
| Changes in unrecognized tax benefits | (0.60%) | 1.00% | 0.70% |
| Change in Valuation Allowance | 0.00% | (0.20%) | 0.00% |
| Effective tax rate | 20.20% | 25.00% | 27.10% |
| Canada | |||
| Amount | |||
| Provincial tax, net of federal income tax effect | $ 0.5 | $ 1.1 | $ 0.6 |
| Nontaxable or nondeductible items | (3.2) | 0.7 | 1.5 |
| Other | $ (3.5) | $ 5.8 | $ 1.3 |
| Percent | |||
| Provincial tax, net of federal income tax effect | 0.10% | 0.20% | 0.20% |
| Nontaxable or nondeductible items | (0.60%) | 0.10% | 0.50% |
| Other | (0.70%) | 1.00% | 0.40% |
| United States | |||
| Amount | |||
| Provincial tax, net of federal income tax effect | $ 1.9 | $ 3.5 | $ 3.0 |
| Statutory tax rate difference | (13.7) | (11.0) | (4.0) |
| Benefit of Foreign Derived Intangible Income | (10.3) | (3.3) | (6.9) |
| Executive compensation and fringe benefits | 1.5 | 3.1 | 4.3 |
| Nontaxable or nondeductible items | 1.3 | 1.8 | 4.8 |
| Other | $ (6.8) | $ (4.9) | $ (0.3) |
| Percent | |||
| Provincial tax, net of federal income tax effect | 0.40% | 0.60% | 1.10% |
| Statutory tax rate difference | (2.60%) | (2.00%) | (1.40%) |
| Benefit of Foreign Derived Intangible Income | (1.90%) | (0.60%) | (2.40%) |
| Executive compensation and fringe benefits | 0.30% | 0.60% | 1.50% |
| Nontaxable or nondeductible items | 0.20% | 0.30% | 1.70% |
| Other | (1.30%) | (0.90%) | (0.10%) |
| United Kingdom | |||
| Amount | |||
| Statutory tax rate difference | $ 9.9 | $ 0.0 | $ 0.0 |
| Percent | |||
| Statutory tax rate difference | 1.80% | 0.00% | 0.00% |
| Other foreign countries | |||
| Amount | |||
| Statutory tax rate difference | $ 1.0 | $ 0.7 | $ (0.5) |
| Percent | |||
| Statutory tax rate difference | 0.20% | 0.10% | (0.20%) |
Income Taxes (Schedule of Income Taxes Paid Net of Refunds Received) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Federal (Canada) | $ 51.8 | $ 29.0 | $ 45.9 |
| Income taxes paid, net of refunds received | 227.0 | 201.0 | 180.0 |
| British Columbia | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Provincial and local (Canada): | 23.9 | 10.5 | 16.4 |
| Other provincial and local | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Provincial and local (Canada): | 16.3 | 11.6 | 18.8 |
| United States federal | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign: | 101.0 | 116.2 | 77.1 |
| Other foreign | |||
| Income Tax Paid, by Individual Jurisdiction [Line Items] | |||
| Foreign: | $ 34.0 | $ 33.7 | $ 21.8 |
Income Taxes (Narrative) (Details) $ in Millions, $ in Millions |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 03, 2024
USD ($)
|
Dec. 03, 2024
CAD ($)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Feb. 01, 2025
USD ($)
|
Feb. 01, 2025
CAD ($)
|
Dec. 03, 2024
CAD ($)
|
Dec. 31, 2023
USD ($)
|
|
| Income Tax Disclosure [Line Items] | ||||||||
| Capital loss carry-forwards | $ 0.8 | $ 63.5 | ||||||
| Gross unrecognized tax benefits | 21.8 | 26.7 | $ 25.1 | |||||
| Unrecognized tax benefits that would impact effective tax rate | 16.2 | 18.7 | ||||||
| Accrued interest and penalties | 4.2 | 4.4 | ||||||
| Interest and penalties | 0.2 | 0.1 | ||||||
| Income tax payable from notice of assessment | $ 57.8 | $ 79.1 | ||||||
| Accrued income taxes | 27.5 | $ 37.7 | ||||||
| Interest and penalties accrued from income tax examination | $ 30.2 | $ 41.4 | ||||||
| Deposit paid | $ 28.8 | $ 39.5 | ||||||
| Capital Loss Carryforward | ||||||||
| Income Tax Disclosure [Line Items] | ||||||||
| Capital loss carry-forwards | $ 68.1 | $ 67.1 | ||||||
Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deferred tax assets: | ||
| Working capital | $ 24.6 | $ 25.1 |
| Property, plant and equipment | 10.2 | 4.9 |
| Share-based compensation | 22.5 | 14.4 |
| Tax losses and tax credit carryforwards | 29.2 | 39.1 |
| Lease liabilities | 392.4 | 381.8 |
| Notes receivable/payable | 5.1 | 8.8 |
| Other | 3.6 | 17.2 |
| Total deferred tax assets | 487.6 | 491.3 |
| Deferred tax liabilities: | ||
| Property, plant and equipment | (97.0) | (74.7) |
| Goodwill | (22.4) | (23.6) |
| Intangible assets | (513.0) | (586.6) |
| Right-of-use assets | (374.7) | (376.2) |
| Notes receivable/payable | (10.6) | (17.7) |
| Other | (5.5) | (5.6) |
| Total deferred tax liabilities | (1,023.2) | (1,084.4) |
| Net deferred tax liabilities | (535.6) | (593.1) |
| Valuation allowances | (15.1) | (6.8) |
| Net deferred tax | $ (550.7) | $ (599.9) |
Income Taxes (Schedule of Non-capital Loss Carryforwards) (Details) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Income Tax Disclosure [Abstract] | |
| 2026 | $ 0.0 |
| 2027 | 0.3 |
| 2028 | 0.0 |
| 2029 | 0.0 |
| 2030 and thereafter | 80.9 |
| Non-capital loss carry forwards | $ 81.2 |
Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Unrecognized Tax Benefits [Roll Forward] | ||
| Unrecognized tax benefits, beginning of year | $ 26.7 | $ 25.1 |
| Increases related to acquisition-related tax positions | 0.0 | 0.3 |
| Increases related to prior year tax positions | 1.2 | 5.1 |
| Decreases related to prior year tax positions | (2.7) | 0.0 |
| Increases related to current year tax positions | 2.3 | 3.1 |
| Settlement and lapse of statute of limitations | (6.4) | (5.7) |
| Effect of foreign currency translation | 0.7 | |
| Effect of foreign currency translation | (1.2) | |
| Unrecognized tax benefits, end of year | $ 21.8 | $ 26.7 |
Earnings Per Share Available to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Earnings Per Share [Abstract] | |||
| Net income available to common stockholders | $ 382.2 | $ 372.7 | $ 174.9 |
| Weighted-average number of shares outstanding: | |||
| Basic weighted average shares outstanding (in shares) | 185.4 | 184.0 | 167.0 |
| Weighted average effect of dilutive share-based awards (in shares) | 1.5 | 1.3 | 1.2 |
| Diluted weighted average shares outstanding (in shares) | 186.9 | 185.3 | 168.2 |
| Earnings per share available to common stockholders: | |||
| Basic (usd per share) | $ 2.06 | $ 2.03 | $ 1.05 |
| Diluted (usd per share) | $ 2.04 | $ 2.01 | $ 1.04 |
Supplemental Cash Flow Information (Schedule of Net Changes In Operating Assets and Liabilities) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract] | |||
| Trade and other receivables | $ 46.9 | $ 14.8 | $ (36.8) |
| Prepaid consigned vehicle charges | 5.9 | (1.5) | (66.6) |
| Inventory | (12.9) | 26.2 | (10.7) |
| Advances against auction contracts | 4.8 | 14.1 | (12.6) |
| Prepaid expenses and deposits | (31.3) | 1.0 | 1.2 |
| Income taxes, net | (66.0) | (3.8) | (43.8) |
| Auction proceeds payable | 65.7 | (113.2) | (12.1) |
| Trade and other liabilities | 43.7 | 104.2 | 174.5 |
| Operating lease obligation | (146.5) | (134.3) | (124.5) |
| Other, including CRA deposit | (46.5) | (7.3) | (12.3) |
| Net changes in operating assets and liabilities | $ (136.2) | $ (99.8) | $ (143.7) |
Supplemental Cash Flow Information (Schedule of Supplemental Cash Flow) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Supplemental Cash Flow Information [Abstract] | |||
| Interest paid, net of interest capitalized | $ 189.2 | $ 228.8 | $ 163.4 |
| Interest received | 14.9 | 26.2 | 22.0 |
| Assets obtained in exchange for finance lease liabilities | 71.5 | 37.7 | 12.7 |
| Assets obtained in exchange for operating lease liabilities | $ 173.8 | $ 231.7 | $ 188.7 |
Fair Value Measurement (Fair Value Assets and Liabilities) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Carrying amount | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans receivable | $ 79.7 | $ 53.6 |
| Fair value | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans receivable | 80.8 | 53.3 |
| Line of Credit | Carrying amount | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 137.5 | 27.7 |
| Line of Credit | Fair value | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 137.5 | 27.7 |
| TLA Facility loans | Carrying amount | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 995.3 | 1,290.5 |
| TLA Facility loans | Fair value | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 999.3 | 1,297.5 |
| Secured Debt | Carrying amount | Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 546.4 | 544.8 |
| Secured Debt | Fair value | Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 561.7 | 563.8 |
| Unsecured Debt | Carrying amount | Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | 792.4 | 790.9 |
| Unsecured Debt | Fair value | Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long term debt | $ 837.0 | $ 837.5 |
Fair Value Measurement (Narrative) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Forward Contracts | ||
| Derivative [Line Items] | ||
| Notional amounts | $ 59.6 | $ 48.1 |
Trade and Other Receivables (Schedule of Trade and Other Receivables) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | $ 714.9 | $ 716.6 |
| Less: allowance for credit losses | (8.6) | (7.2) |
| Trade and other receivables, net | 706.3 | 709.4 |
| Advanced charges receivable | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | 329.8 | 347.3 |
| Trade accounts receivable | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | 297.5 | 301.7 |
| Loans receivable | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | 57.7 | 35.4 |
| Consumption taxes receivable | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | 17.7 | 25.6 |
| Other receivables | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Trade and other receivables, gross | $ 12.2 | $ 6.6 |
Trade and Other Receivables (Narrative) (Details) - Financing Receivable |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Maximum | |
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Trade receivable, term | 7 days |
| Term of financing lending arrangement | 5 years |
| Minimum | |
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Term of financing lending arrangement | 1 year |
Other Current Assets (Schedule of Other Current Assets) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
| Prepaid expenses and deposits | $ 74.3 | $ 52.3 |
| Inventory deposits | 30.6 | 17.4 |
| Advances against auction contracts | 2.9 | 7.3 |
| Other current assets | $ 107.8 | $ 77.0 |
Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Cost | $ 2,180.1 | $ 1,825.5 |
| Accumulated depreciation | (657.8) | (550.1) |
| Net book value | 1,522.3 | 1,275.4 |
| Land | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 749.4 | 610.9 |
| Accumulated depreciation | 0.0 | 0.0 |
| Net book value | 749.4 | 610.9 |
| Buildings and improvements | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 618.1 | 499.6 |
| Accumulated depreciation | (268.5) | (243.0) |
| Net book value | 349.6 | 256.6 |
| Yard, automotive and office equipment | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 418.8 | 348.1 |
| Accumulated depreciation | (201.8) | (157.7) |
| Net book value | 217.0 | 190.4 |
| Computer software and equipment | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 117.9 | 109.2 |
| Accumulated depreciation | (94.2) | (83.0) |
| Net book value | 23.7 | 26.2 |
| Leasehold improvements | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 209.5 | 174.3 |
| Accumulated depreciation | (93.3) | (66.4) |
| Net book value | 116.2 | 107.9 |
| Assets under development | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 66.4 | 83.4 |
| Accumulated depreciation | 0.0 | 0.0 |
| Net book value | $ 66.4 | $ 83.4 |
Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Property, Plant and Equipment [Abstract] | |||
| Depreciation | $ 108.7 | $ 103.6 | $ 86.2 |
| Interest capitalized | 3.5 | 4.5 | 1.8 |
| Additions of property, plant and equipment | $ 71.5 | $ 37.6 | $ 12.6 |
Other Non-current Assets (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Other Assets, Noncurrent Disclosure [Abstract] | ||
| Refundable deposits | $ 58.5 | $ 30.1 |
| Loans receivable | 22.0 | 18.2 |
| Cloud computing implementation costs | 21.1 | 17.8 |
| Deferred consideration receivable | 8.8 | 0.0 |
| Investments | 19.6 | 11.9 |
| Tax receivable | 4.1 | 6.0 |
| Deferred debt issue costs | 3.9 | 2.8 |
| Other | 11.4 | 11.6 |
| Other non-current assets | $ 149.4 | $ 98.4 |
Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Finite-Lived Intangible Assets [Line Items] | ||
| Accumulated amortization | $ (1,254.1) | $ (873.8) |
| Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
| Cost | 3,718.6 | 3,542.5 |
| Accumulated amortization | (1,254.1) | (873.8) |
| Net book value | 2,464.5 | 2,668.7 |
| Software under development | ||
| Indefinite-lived Intangible Assets [Line Items] | ||
| Software under development | 5.9 | 2.8 |
| Trade names and trademarks | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Cost | 225.8 | 220.5 |
| Accumulated amortization | (103.3) | (63.2) |
| Net book value | 122.5 | 157.3 |
| Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
| Accumulated amortization | (103.3) | (63.2) |
| Customer relationships | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Cost | 2,588.6 | 2,538.1 |
| Accumulated amortization | (568.3) | (393.7) |
| Net book value | 2,020.3 | 2,144.4 |
| Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
| Accumulated amortization | (568.3) | (393.7) |
| Software and technology assets | ||
| Finite-Lived Intangible Assets [Line Items] | ||
| Cost | 898.3 | 781.1 |
| Accumulated amortization | (582.5) | (416.9) |
| Net book value | 315.8 | 364.2 |
| Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
| Accumulated amortization | $ (582.5) | $ (416.9) |
Intangible Assets (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Finite-Lived Intangible Assets [Line Items] | |||
| Intangible assets not subject to amortization | $ 10.3 | $ 52.7 | |
| Capitalized cost of software under development | 0.5 | 1.0 | $ 1.6 |
| Amortization | 374.7 | 340.8 | $ 266.0 |
| Trade names and trademarks | |||
| Finite-Lived Intangible Assets [Line Items] | |||
| Intangible assets not subject to amortization | 4.3 | $ 49.9 | |
| Remaining useful life | $ 46.0 | ||
| Remaining amortization period | 4 years | ||
Intangible Assets (Schedule of Annual Amortization Expense) (Details) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| 2026 | $ 379.0 |
| 2027 | 304.1 |
| 2028 | 229.8 |
| 2029 | 193.4 |
| 2030 | $ 175.9 |
Goodwill (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Goodwill [Roll Forward] | ||
| Beginning balance | $ 4,511.8 | $ 4,537.0 |
| Disposed | (15.0) | 0.0 |
| Effect of foreign currency translation and other adjustments | 17.1 | (25.2) |
| Ending balance | 4,668.0 | 4,511.8 |
| JM Wood Auction Co Inc | ||
| Goodwill [Roll Forward] | ||
| Acquired | 145.8 | 0.0 |
| Smith Broughton Pty Ltd | ||
| Goodwill [Roll Forward] | ||
| Acquired | $ 8.3 | $ 0.0 |
Trade and Other Liabilities - Schedule of Trade and Other Liabilities (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Payables and Accruals [Abstract] | ||
| Book overdrafts | $ 232.9 | $ 276.5 |
| Accrued liabilities | 348.1 | 237.3 |
| Trade payables | 142.3 | 139.7 |
| Taxes payable | 44.7 | 63.4 |
| Current portion of finance leases and equipment financing obligations | 33.6 | 26.0 |
| Deferred revenue | 18.9 | 20.6 |
| Share unit liabilities | 11.1 | 8.4 |
| Other payables | 4.9 | 10.1 |
| Trade and other liabilities | $ 836.5 | $ 782.0 |
Trade and Other Liabilities - Narrative (Details) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Accounts Payable and Accrued Liabilities | JM Wood Auction Co Inc | |
| Business Combination [Line Items] | |
| Contingent consideration liability | $ 18.3 |
Debt (Summary of Debt) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Apr. 03, 2025 |
Dec. 31, 2024 |
Mar. 15, 2023 |
|---|---|---|---|---|
| Debt [Line Items] | ||||
| Weighted average interest rate | 5.16% | |||
| Short-term debt | $ 137.5 | $ 27.7 | ||
| Less: Unamortized debt issuance costs | (15.3) | (21.3) | ||
| Total long-term debt | 2,334.0 | 2,626.2 | ||
| Less: current portion of long-term debt | 51.2 | 4.1 | ||
| Long-term debt | $ 2,282.8 | 2,622.1 | ||
| TLA Facility loans | ||||
| Debt [Line Items] | ||||
| Less: Unamortized debt issuance costs | $ (3.9) | |||
| CAD TLA Facility | TLA Facility loans | ||||
| Debt [Line Items] | ||||
| Weighted average interest rate | 4.06% | |||
| Long-term debt | $ 73.0 | 72.5 | ||
| USD TLA Facility | TLA Facility loans | ||||
| Debt [Line Items] | ||||
| Weighted average interest rate | 5.32% | |||
| Long-term debt | $ 926.3 | 1,225.0 | ||
| Senior Secured Notes | Secured Debt | ||||
| Debt [Line Items] | ||||
| Interest rate | 6.75% | 6.75% | ||
| Long-term debt | $ 550.0 | 550.0 | ||
| Senior Unsecured Notes | Unsecured Debt | ||||
| Debt [Line Items] | ||||
| Interest rate | 7.75% | 7.75% | ||
| Long-term debt | $ 800.0 | $ 800.0 |
Debt (Narrative) (Details) - USD ($) |
Dec. 31, 2025 |
Apr. 03, 2025 |
Apr. 02, 2025 |
Dec. 31, 2024 |
Mar. 15, 2023 |
|---|---|---|---|---|---|
| Debt [Line Items] | |||||
| Unamortized deferred debt issue costs | $ 15,300,000 | $ 21,300,000 | |||
| TLA Facility loans | |||||
| Debt [Line Items] | |||||
| Unamortized deferred debt issue costs | $ 3,900,000 | ||||
| TLA Facility loans | Other Noncurrent Assets | |||||
| Debt [Line Items] | |||||
| Unamortized deferred debt issue costs | 2,600,000 | ||||
| Senior Secured Notes | Secured Debt | |||||
| Debt [Line Items] | |||||
| Aggregate principal amount | $ 550,000,000.0 | ||||
| Interest rate | 6.75% | 6.75% | |||
| Senior Unsecured Notes | Unsecured Debt | |||||
| Debt [Line Items] | |||||
| Aggregate principal amount | $ 800,000,000.0 | ||||
| Interest rate | 7.75% | 7.75% | |||
| Revolving Credit Facility | TLA Facility loans | |||||
| Debt [Line Items] | |||||
| Aggregate principal amount | 1,300,000,000 | $ 750,000,000.0 | |||
| Revolving Credit Facility | Revolving credit facilities, Maturing September 2026 | |||||
| Debt [Line Items] | |||||
| Available borrowing capacity | $ 1,100,000,000 | ||||
| Revolving Credit Facility | Revolving credit facilities, No Maturity | |||||
| Debt [Line Items] | |||||
| Available borrowing capacity | $ 15,000,000.0 | ||||
| Term Loan A Facility Loan 7.54% Maturing in April 2030 | TLA Facility loans | |||||
| Debt [Line Items] | |||||
| Aggregate principal amount | 950,000,000.0 | $ 1,225,000,000 | |||
| Unamortized deferred debt issue costs | $ 1,800,000 | ||||
| USD TLA Facility | TLA Facility loans | |||||
| Debt [Line Items] | |||||
| Quarterly instalments as percentage of principal amount outstanding (as percentage) | 1.25% |
Debt (Schedule of Future Principal Loan Repayments) (Details) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Debt Disclosure [Abstract] | |
| 2026 | $ 51.2 |
| 2027 | 51.2 |
| 2028 | 601.3 |
| 2029 | 51.2 |
| 2030 | 794.4 |
| Thereafter | 800.0 |
| Total debt | $ 2,349.3 |
Other Non-current Liabilities (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Other Liabilities Disclosure [Abstract] | |||
| Finance lease and equipment financing obligations | $ 98.4 | $ 62.8 | |
| Deferred consideration liability | 33.7 | 0.0 | |
| Unrecognized tax benefits | 21.8 | 26.7 | $ 25.1 |
| Other | 4.6 | 7.9 | |
| Other non-current liabilities | $ 158.5 | $ 97.4 |
Temporary Equity, Stockholders' Equity and Dividends (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions |
2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb. 01, 2023 |
Jan. 03, 2023 |
Feb. 25, 2026 |
Dec. 31, 2025 |
Sep. 30, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Jan. 31, 2026 |
|
| Dividends Payable [Line Items] | ||||||||||||||||||
| Dividends | $ 34.8 | $ 34.2 | $ 31.6 | |||||||||||||||
| Redeemable non-controlling interest, redemption period | 60 days | |||||||||||||||||
| Adjustment of redeemable noncontrolling interest | $ 5.3 | 0.0 | 0.0 | |||||||||||||||
| Dividend per share (usd per share) | $ 0.31 | $ 0.31 | $ 0.29 | $ 0.29 | $ 0.29 | $ 0.29 | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.27 | |||||||
| Subsequent Event | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Dividend per share (usd per share) | $ 0.31 | |||||||||||||||||
| VeriTread | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Non-controlling interest, percentage | 4.00% | |||||||||||||||||
| VeriTread | Subsequent Event | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Equity interest percentage, parent | 100.00% | |||||||||||||||||
| VeriTread | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Remaining units ownership interest, percentage | 21.00% | |||||||||||||||||
| Series A Senior Preferred Shares | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Dividends | 8.1 | 7.5 | 7.3 | |||||||||||||||
| Preferred Dividends on Series A Senior Preferred Shares | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Dividends | $ 26.7 | $ 26.7 | $ 24.3 | |||||||||||||||
| Securities Purchase Agreement | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Initial conversion price (usd per share) | $ 73.00 | $ 71.58 | $ 71.58 | |||||||||||||||
| Securities Purchase Agreement | Starboard Value LP and certain of its affiliates | Series A Senior Preferred Shares | ||||||||||||||||||
| Dividends Payable [Line Items] | ||||||||||||||||||
| Initial preferred dividend, percentage | 5.50% | |||||||||||||||||
| Participating dividends (usd per share) | $ 0.27 | |||||||||||||||||
| Increase in preferred dividend rate in fourth anniversary, percentage | 7.50% | |||||||||||||||||
| Spread on variable rate, percentage | 6.00% | |||||||||||||||||
| Increase in preferred dividend rate in ninth anniversary, percentage | 10.50% | |||||||||||||||||
Temporary Equity, Stockholders' Equity and Dividends (Schedule of Quarterly Dividends Declared and Paid) (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Sep. 30, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
|
| Dividends Payable [Line Items] | ||||||||||||
| Dividend per share (usd per share) | $ 0.31 | $ 0.31 | $ 0.29 | $ 0.29 | $ 0.29 | $ 0.29 | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.27 | |
| Total dividends | $ 57.6 | $ 57.6 | $ 53.8 | $ 53.5 | $ 53.6 | $ 53.5 | $ 49.6 | $ 49.3 | $ 49.3 | $ 49.2 | $ 49.1 | |
| O 2023 Q1 Dividends | ||||||||||||
| Dividends Payable [Line Items] | ||||||||||||
| Dividend per share (usd per share) | $ 0.27 | |||||||||||
| Total dividends | $ 30.0 | |||||||||||
| S 2023 Q1 Dividends | ||||||||||||
| Dividends Payable [Line Items] | ||||||||||||
| Dividend per share (usd per share) | $ 1.08 | |||||||||||
| Total dividends | $ 120.4 | |||||||||||
Temporary Equity, Equity and Dividends (Schedule of Foreign Currency Translation Reserve) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Equity [Abstract] | |||
| Gains (losses) on intercompany foreign currency transactions of a long-term investment nature | $ 9.5 | $ (9.6) | $ 2.3 |
Share-based Payments (Compensation Costs) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
| Total compensation costs related to share based payments | $ 66.0 | $ 62.4 | $ 57.5 |
| Selling, general and administrative: | |||
| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
| Stock option compensation expense | 0.8 | 3.5 | 7.7 |
| Equity-classified share units | 55.0 | 47.1 | 32.0 |
| Liability-classified share units | 1.4 | 2.9 | 2.5 |
| Employee stock purchase plan | 7.3 | 7.3 | 4.7 |
| Total compensation costs related to share based payments | 64.5 | 60.8 | 46.9 |
| Acquisition-related and integration costs: | |||
| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
| Acceleration of share-based payments expense | 0.0 | 1.0 | 6.8 |
| Share-based continuing employment costs | 1.5 | 0.6 | 3.8 |
| Total compensation costs related to share based payments | $ 1.5 | $ 1.6 | $ 10.6 |
Share-based Payments (Narrative) (Details) |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Jun. 15, 2023 |
Mar. 20, 2023
USD ($)
shares
|
Dec. 31, 2025
USD ($)
offering
$ / shares
shares
|
Dec. 31, 2024
USD ($)
offering
$ / shares
shares
|
Dec. 31, 2023
USD ($)
$ / shares
shares
|
May 09, 2023
shares
|
May 08, 2023
shares
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Share-based payment expense | $ 66,000,000.0 | $ 62,400,000 | $ 57,500,000 | ||||
| Maximum contribution | $ 25,000 | ||||||
| IAA | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Assumed in IAA acquisition (in shares) | shares | 200,000 | ||||||
| Number of RSUs assumed in acquisition (in shares) | shares | 400,000 | ||||||
| Equity award exchange ratio | 0.763139 | ||||||
| Estimated aggregate fair value of converted share-based awards | $ 24,900,000 | ||||||
| Share-based payment expense | $ 4,800,000 | ||||||
| Stock options | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Remaining shares authorized for grant (in shares) | shares | 7,300,000 | ||||||
| Granted (in shares) | shares | 0 | 0 | 300,000 | ||||
| Proceeds from exercise of employee stock options | $ 22,500,000 | $ 49,300,000 | $ 34,500,000 | ||||
| Actual tax benefit realized from option exercise | $ 1,900,000 | $ 2,300,000 | $ 800,000 | ||||
| Performance Share Units With Market Conditions | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Performance period | 3 years | ||||||
| Unrecognized share based continuing employment costs | $ 18,700,000 | ||||||
| Unrecognized compensation costs, period for recognition | 1 year 9 months 18 days | ||||||
| Restricted Stock Units (RSUs) | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Unrecognized share based continuing employment costs | $ 28,700,000 | ||||||
| Unrecognized compensation costs, period for recognition | 1 year 9 months 18 days | ||||||
| Award vesting period | 3 years | ||||||
| Deferred Share Units | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Unrecognized share based continuing employment costs | $ 0 | ||||||
| Premium-priced stock options | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Unrecognized share based continuing employment costs | $ 100,000 | ||||||
| Employee Share Purchase Plan | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Purchase of shares in company | 85.00% | ||||||
| Number of ESPP offerings | offering | 2 | 2 | |||||
| Employee Share Purchase Plan | Offering Period One | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Fair value, grant date (usd per share) | $ / shares | $ 22.27 | $ 15.94 | $ 11.99 | ||||
| Employee Share Purchase Plan | Offering Period Two | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Fair value, grant date (usd per share) | $ / shares | $ 19.87 | $ 19.42 | $ 12.43 | ||||
| 2023 Share Incentive Plan | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Remaining shares authorized for grant (in shares) | shares | 9,400,000 | ||||||
| Senior Executive PSU Plan | Performance Shares | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Unrecognized share based continuing employment costs | $ 12,500,000 | ||||||
| Unrecognized compensation costs, period for recognition | 1 year 9 months 18 days | ||||||
| PSU | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Market value of shares vested and released | $ 200,000 | $ 3,200,000 | $ 1,800,000 | ||||
| 2023 ESPP | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Remaining shares authorized for grant (in shares) | shares | 1,900,000 | 3,000,000.0 | |||||
| 2023 ESPP | Employee Share Purchase Plan | |||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
| Market price discount | 15.00% | ||||||
Share-based Payments (Summary of Share Unit Activity) (Details) - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| PSUs (Performance) | Equity-classified | |||
| Common shares issued | |||
| Outstanding beginning balance (in shares) | 450,175 | 415,429 | 662,634 |
| Granted (in shares) | 154,552 | 164,520 | 94,729 |
| Assumed in IAA acquisition (in shares) | 0 | ||
| Vested and settled (in shares) | (132,252) | (114,315) | (283,086) |
| Forfeited (in shares) | (98,294) | (15,459) | (58,848) |
| Outstanding ending balance (in shares) | 374,181 | 450,175 | 415,429 |
| Fair Value of common shares | |||
| Outstanding beginning balance, Weighted average grant date fair value (usd per share) | $ 64.73 | $ 58.35 | $ 51.71 |
| Granted, Weighted average grant date fair value (usd per share) | 99.76 | 76.11 | 58.04 |
| Assumed in IAA acquisition, Weighted average grant date fair value (usd per share) | 0 | ||
| Vested and settled, Weighted average grant date fair value (usd per share) | 58.78 | 58.79 | 42.23 |
| Forfeited, Weighted average grant date fair value (usd per share) | 61.82 | 58.37 | 60.62 |
| Outstanding ending balance, Weighted average grant date fair value (usd per share) | $ 82.06 | $ 64.73 | $ 58.35 |
| PSUs (Market) | Equity-classified | |||
| Common shares issued | |||
| Outstanding beginning balance (in shares) | 268,954 | 174,260 | 102,879 |
| Granted (in shares) | 154,322 | 162,942 | 80,398 |
| Assumed in IAA acquisition (in shares) | 0 | ||
| Vested and settled (in shares) | (234) | (58,511) | 0 |
| Forfeited (in shares) | (48,861) | (9,737) | (9,017) |
| Outstanding ending balance (in shares) | 374,181 | 268,954 | 174,260 |
| Fair Value of common shares | |||
| Outstanding beginning balance, Weighted average grant date fair value (usd per share) | $ 105.53 | $ 0 | $ 66.08 |
| Granted, Weighted average grant date fair value (usd per share) | 151.24 | 122.91 | 0 |
| Assumed in IAA acquisition, Weighted average grant date fair value (usd per share) | 0 | ||
| Vested and settled, Weighted average grant date fair value (usd per share) | 129.28 | 66.08 | 0 |
| Forfeited, Weighted average grant date fair value (usd per share) | 86.19 | 84.04 | 0 |
| Outstanding ending balance, Weighted average grant date fair value (usd per share) | $ 126.89 | $ 105.53 | $ 0 |
| RSUs | Equity-classified | |||
| Common shares issued | |||
| Outstanding beginning balance (in shares) | 607,805 | 539,671 | 68,024 |
| Granted (in shares) | 481,294 | 340,271 | 425,309 |
| Assumed in IAA acquisition (in shares) | 366,379 | ||
| Vested and settled (in shares) | (286,298) | (237,766) | (309,102) |
| Forfeited (in shares) | (46,604) | (34,371) | (10,939) |
| Outstanding ending balance (in shares) | 756,197 | 607,805 | 539,671 |
| Fair Value of common shares | |||
| Outstanding beginning balance, Weighted average grant date fair value (usd per share) | $ 66.00 | $ 53.64 | $ 58.32 |
| Granted, Weighted average grant date fair value (usd per share) | 98.22 | 76.64 | 53.35 |
| Assumed in IAA acquisition, Weighted average grant date fair value (usd per share) | 52.79 | ||
| Vested and settled, Weighted average grant date fair value (usd per share) | 63.59 | 53.74 | 53.22 |
| Forfeited, Weighted average grant date fair value (usd per share) | 84.20 | 62.12 | 55.06 |
| Outstanding ending balance, Weighted average grant date fair value (usd per share) | $ 86.30 | $ 66.00 | $ 53.64 |
| DSUs | Liability-classified | |||
| Common shares issued | |||
| Outstanding beginning balance (in shares) | 73,490 | 100,560 | 108,365 |
| Granted (in shares) | 830 | 11,887 | 24,573 |
| Assumed in IAA acquisition (in shares) | 0 | ||
| Vested and settled (in shares) | (2,245) | (38,957) | (32,378) |
| Forfeited (in shares) | 0 | 0 | 0 |
| Outstanding ending balance (in shares) | 72,075 | 73,490 | 100,560 |
| Fair Value of common shares | |||
| Outstanding beginning balance, Weighted average grant date fair value (usd per share) | $ 40.29 | $ 38.36 | $ 39.35 |
| Granted, Weighted average grant date fair value (usd per share) | 104.28 | 72.93 | 55.49 |
| Assumed in IAA acquisition, Weighted average grant date fair value (usd per share) | 0 | ||
| Vested and settled, Weighted average grant date fair value (usd per share) | 67.40 | 45.28 | 54.68 |
| Forfeited, Weighted average grant date fair value (usd per share) | 0 | 0 | 0 |
| Outstanding ending balance, Weighted average grant date fair value (usd per share) | $ 40.18 | $ 40.29 | $ 38.36 |
Share-based Payments (Fair Value Assumptions) (Details) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Performance Share Units With Market Conditions | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Risk free interest rate | 4.00% | 4.40% | 4.50% |
| Expected lives of the ESPP | 3 years | 3 years | 2 years |
| Expected volatility | 30.40% | 32.20% | 32.70% |
| Average expected volatility of comparable companies | 34.70% | 48.30% | 48.60% |
| Employee Share Purchase Plan | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Risk free interest rate | 3.80% | 4.40% | 5.30% |
| Expected dividend yield | 1.24% | 1.26% | 1.81% |
| Expected lives of the ESPP | 9 months | 9 months | 8 months |
| Expected volatility | 22.70% | 27.50% | 28.10% |
Share-based Payments (Summary of Stock Option Activity) (Details) |
Dec. 31, 2025
shares
|
|---|---|
| Stock options | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Outstanding (in shares) | 790,276 |
| Exercisable (in shares) | 716,433 |
| Premium-priced stock options | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Outstanding (in shares) | 392,238 |
| Exercisable (in shares) | 392,238 |
Leases (Breakdown of Lease Expense) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Leases [Abstract] | |||
| Operating lease cost | $ 260.1 | $ 250.8 | $ 192.1 |
| Finance lease cost | |||
| Amortization of leased assets | 19.2 | 12.5 | 11.3 |
| Interest on lease liabilities | 4.5 | 1.7 | 1.3 |
| Short-term lease cost | 11.5 | 12.6 | 17.0 |
| Sublease income | (3.5) | (1.0) | (0.6) |
| Lease expense | $ 291.8 | $ 276.6 | $ 221.1 |
Leases (Narrative) (Details) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Lessee, Lease, Description [Line Items] | ||
| Weighted average remaining lease term | 11 years 3 months 18 days | 11 years 9 months 18 days |
| Discount rate | 5.50% | 5.60% |
| Additional undiscounted commitments for leases not yet commenced | $ 0 | $ 0 |
| Weighted average remaining finance lease term | 3 years 3 months 18 days | 3 years 10 months 24 days |
| Finance discount rate | 6.10% | 6.10% |
| Future minimum sublease payments | $ 5,000,000.0 | $ 6,400,000 |
| Minimum | ||
| Lessee, Lease, Description [Line Items] | ||
| Operating leases, renewal term | 1 month | |
| Finance leases, remaining life | 1 month | |
| Maximum | ||
| Lessee, Lease, Description [Line Items] | ||
| Operating leases, renewal term | 20 years | |
| Finance leases, remaining life | 5 years |
Leases (Future Minimum Operating Lease Payments) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Leases [Abstract] | ||
| 2026 | $ 211.1 | |
| 2027 | 216.9 | |
| 2028 | 207.6 | |
| 2029 | 195.2 | |
| 2030 | 174.6 | |
| Thereafter | 1,179.7 | |
| Total future minimum lease payments | 2,185.1 | |
| Less: imputed interest | (600.1) | |
| Total operating lease liabilities | 1,585.0 | |
| Less: current operating lease liabilities | (128.2) | $ (113.3) |
| Long-term operating lease liabilities | $ 1,456.8 | $ 1,431.1 |
Leases (Assets Recorded Under Finance Leases) (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Cost | $ 149.5 | $ 85.6 |
| Accumulated depreciation | (48.2) | (36.5) |
| Net book value | $ 101.3 | $ 49.1 |
| Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Property, plant and equipment, net | Property, plant and equipment, net |
| Property | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | $ 24.1 | |
| Accumulated depreciation | 0.0 | |
| Net book value | 24.1 | |
| Vehicles | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 35.7 | $ 32.8 |
| Accumulated depreciation | (18.0) | (16.6) |
| Net book value | 17.7 | 16.2 |
| Computer equipment | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 13.6 | 14.3 |
| Accumulated depreciation | (10.8) | (9.9) |
| Net book value | 2.8 | 4.4 |
| Yard and other equipment | ||
| Property, Plant and Equipment [Line Items] | ||
| Cost | 76.1 | 38.5 |
| Accumulated depreciation | (19.4) | (10.0) |
| Net book value | $ 56.7 | $ 28.5 |
Leases (Future Minimum Finance Lease Payments) (Details) $ in Millions |
Dec. 31, 2025
USD ($)
|
|---|---|
| Leases [Abstract] | |
| 2026 | $ 28.0 |
| 2027 | 45.8 |
| 2028 | 20.1 |
| 2029 | 14.9 |
| 2030 | 4.7 |
| Total future minimum lease payments | 113.5 |
| Less: imputed interest | (11.9) |
| Total finance lease liabilities | 101.6 |
| Less: current finance lease liabilities | (22.1) |
| Long-term finance lease liabilities | $ 79.5 |
| Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] | Accounts Payable and Accrued Liabilities, Current |
| Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] | Other non-current liabilities |
Commitments and Contingencies (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Feb. 16, 2026 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Recorded Unconditional Purchase Obligation [Line Items] | |||
| Loss contingency, loss in period | $ 41.7 | ||
| Assets guaranteed under contract | $ 104.9 | $ 39.1 | |
| Percentage of assets expected to be sold | 59.00% | 44.00% | |
| Subsequent Event | |||
| Recorded Unconditional Purchase Obligation [Line Items] | |||
| Damages awarded to Ann Fandozzi | $ 59.6 | ||
| Capital Addition Purchase Commitments | |||
| Recorded Unconditional Purchase Obligation [Line Items] | |||
| Unconditional purchase obligations | $ 50.1 | $ 26.9 | |
| Expenditures for Intangible Assets and Technology Services Agreements | |||
| Recorded Unconditional Purchase Obligation [Line Items] | |||
| Unconditional purchase obligations | $ 22.0 | $ 26.7 | |