v3.25.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following tables summarize the fair value of our money market fund financial assets and contingent consideration financial liabilities that were measured on a recurring basis as of March 31, 2025 and December 31, 2024. See Note 3. Acquisitions and Note 11. Commitments and Contingencies for further details regarding our contingent consideration liabilities. There have been no transfers between fair value measurement levels during the three months ended March 31, 2025.
Fair Value Measurements as of
March 31, 2025 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$54,478 $— $— $54,478 
Liabilities:
Contingent consideration$— $— $14,750 $14,750 
Fair Value Measurements as of
December 31, 2024 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(in thousands)
Assets:
Money market funds$43,976 $— $— $43,976 
Liabilities:
Contingent consideration$— $— $14,050 $14,050 
The following table presents a summary of the changes in the fair value of our contingent consideration liabilities measured using Level 3 inputs during the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
(in thousands)
Beginning balance$14,050 $3,650 
Net losses (gains) recognized700 (1,430)
Ending balance$14,750 $2,220 
As of March 31, 2025 and December 31, 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 8. Debt for further details regarding our debt.