v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables summarize the Company’s assets that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2025Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
   Interest rate caplets430 — 430 — 
Fair Value Measurement at Reporting Date Using
December 31, 2024Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
   Interest rate caplets
6,821 — 6,821 $— 
Schedule of Liabilities Measured on a Recurring Basis
The following tables summarize the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2025Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$16,253 $— $— $16,253 
Contingent earnout shares33,676 — 33,676 — 
Total$49,929 $— $33,676 $16,253 
Fair Value Measurement at Reporting Date Using
December 31, 2024Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$13,928 $— $— $13,928 
Contingent earnout shares33,103 — 33,103 — 
Total$47,031 $— $33,103 $13,928 
Schedule of Changes in Level 3 Instruments
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for liabilities for the years ended December 31, (in thousands):
20252024
Liabilities:
Contingent consideration:
Beginning of year balance$13,928 $5,484 
Issuance of contingent consideration in connection with acquisitions243 2,449 
Payment of contingent consideration(2,117)(1,347)
Fair value adjustments4,199 7,342 
Ending balance$16,253 $13,928