v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measurement on Recurring Basis

The Company’s population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows:

 

 

 

Fair Value as of December 31, 2025

 

Recurring fair value measurements

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Contingent purchase consideration (1)

 

$

—

 

 

$

—

 

 

$

(2,756

)

 

$

(2,756

)

 

$

—

 

 

$

—

 

 

$

(2,756

)

 

$

(2,756

)

 

 

Fair Value as of December 31, 2024

 

Recurring fair value measurements

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

8,853

 

 

$

—

 

 

$

—

 

 

$

8,853

 

Contingent purchase consideration (1)

 

 

—

 

 

 

—

 

 

 

(2,925

)

 

 

(2,925

)

 

$

8,853

 

 

$

—

 

 

$

(2,925

)

 

$

5,928

 

 

(1) Contingent purchase consideration represents a liability recorded at fair value in connection with the Otonomo merger, and thus represents a Level 3 measurement within the fair value hierarchy. The fair value of the contingent purchase consideration was estimated based on the fair value of the Company’s shares issuable on a contingent basis. Contingent purchase consideration is included in Accrued expenses in the condensed consolidated balance sheets.
Summary of Changes in the Fair Value of Contingent Purchase Consideration

The following table sets forth a summary of the changes in the fair value of the contingent purchase consideration:

 

Fair value as of December 31, 2023

 

$

4,617

 

Change in fair value

 

 

(1,692

)

Fair value as of December 31, 2024

 

 

2,925

 

Change in fair value

 

 

(169

)

Fair value as of December 31, 2025

 

$

2,756