v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets Measured on a Recurring Basis
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 June 30, 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 and six months ended June 30, 2025.
Fair Value Measurements as of
June 30, 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$55,063 $— $— $55,063 
Liabilities:
Contingent consideration$— $— $10,310 $10,310 
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 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
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 June 30, 2025 and 2024:
Three Months Ended June 30,
Six Months Ended June 30,
2025
2024
20252024
(in thousands)
Beginning balance$14,750 $2,220 $14,050 $3,650 
Payments(5,358)— (5,358)— 
Net losses (gains) recognized918 60 1,618 (1,370)
Ending balance$10,310 $2,280 $10,310 $2,280