v3.25.4
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2025
Business Combination [Abstract]  
Summary of Preliminary Purchase Consideration

The following table presents the preliminary purchase consideration allocation recorded in the Company’s consolidated balance sheet as of the acquisition date:

 

(in thousands)

 

Amount

 

Cash and cash equivalents

 

$

69

 

Accounts receivable

 

 

2,017

 

Unbilled receivables

 

 

316

 

Inventories

 

 

326

 

Prepaid expenses and other current assets

 

 

246

 

Property and equipment

 

 

4,793

 

Intangible assets

 

 

10,548

 

Goodwill

 

 

14,731

 

Operating lease assets

 

 

831

 

Accounts payable

 

 

(1,331

)

Accrued liabilities

 

 

(1,455

)

Current operating lease liabilities

 

 

(59

)

Operating lease liabilities

 

 

(773

)

Other non-current liabilities (1)

 

 

(5,093

)

Deferred tax liabilities

 

 

(2,541

)

Total acquisition consideration

 

$

22,625

 

Summary of Components of Identifiable Intangible Assets Acquired and their Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:

 

 

 

Amounts

 

 

Weighted Average Useful Life

 

 

 

(in thousands)

 

 

(in years)

 

Customer relationships

 

$

5,148

 

 

 

8.8

 

Developed technology

 

 

2,600

 

 

 

7.0

 

Tradename

 

 

1,500

 

 

 

10.0

 

Non-compete

 

 

1,300

 

 

 

5.0

 

Total intangible assets

 

$

10,548

 

 

 

8.1