Acquisition (Tables)

3 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Preliminary Fair Value of Consideration Transferred

The acquisition-date preliminary fair value of consideration transferred is as follows (in thousands):


Cash paid at close	$	50,076
Equity consideration	20,048
Deferred cash consideration	13,058
Total consideration transferred	$	83,182

Schedule of Purchase Consideration of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed (in thousands):


Cash and cash equivalents	$	1,953
Accounts receivable	276
Prepaid expenses and other current assets	257
Operating lease right-of-use assets	3,884
Other assets	80
Intangible assets	17,300
Goodwill	77,813
Total assets acquired	$	101,563

Accounts payable	$	535
Accrued expenses and other current liabilities	4,744
Operating lease liabilities, current and non-current	3,504
Deferred revenue	9,582
Other liabilities	16
Net assets acquired	$	83,182

Schedule of Preliminary Valuation of Acquired Intangible Assets and Estimated Useful Lives

The following table summarizes the preliminary valuation of acquired intangible assets and estimated useful lives as of the acquisition date (in thousands, except years):


	Fair Value		Estimated remaining useful life
Customer relationships	$	11,200	5
Developed technology	3,400		4
Trade names	2,500		5
In-process research & development	200		N/A
Total identifiable intangible assets	$	17,300