Acquisitions and Divestitures (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Business Combination [Line Items] |
|
| Fair Value of consideration |
The fair value of consideration transferred is as follows:
|
|
|
|
|
Cash consideration |
|
$ |
179,380 |
|
Fair value of equity awards allocated to pre-acquisition period |
|
|
957 |
|
Total acquisition consideration |
|
$ |
180,337 |
|
|
| Schedule Of Definite-lived Intangible Assets Acquired |
The definite-lived intangible assets acquired for Markforged were as follows:
|
|
|
|
|
|
|
|
|
Definite-Lived Intangible Assets |
|
April 25, 2025 |
|
|
Weighted Average Amortization Life (in years) |
|
Developed technology |
|
$ |
13,636 |
|
|
|
6 |
|
Mutual licensing under settlement agreement |
|
|
5,320 |
|
|
|
23 |
|
Trademark |
|
|
1,811 |
|
|
|
1 |
|
Customer relationships |
|
|
1,660 |
|
|
|
10 |
|
Total definite-lived intangible assets |
|
$ |
22,427 |
|
|
|
|
|
| Schedule of Pro Forma Consolidated Results of Operations |
The following selected unaudited pro forma consolidated results of operations are presented as if the Markforged acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition.
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Revenue |
|
$ |
122,167 |
|
|
$ |
142,865 |
|
Net loss attributable to common shareholders |
|
|
(335,260 |
) |
|
|
(189,049 |
) |
Net loss per share - basic and diluted |
|
|
(1.55 |
) |
|
|
(0.87 |
) |
|
| Desktop Metal [Member] |
|
| Business Combination [Line Items] |
|
| Schedule of Purchase Price Allocation |
The purchase price allocation for Desktop Metal was as follows:
|
|
|
|
|
|
|
April 2, 2025 |
|
|
|
|
|
Cash and cash equivalents |
|
$ |
9,089 |
|
Restricted cash |
|
|
1,110 |
|
Trade receivables |
|
|
16,450 |
|
Other current assets |
|
|
7,910 |
|
Inventory |
|
|
73,460 |
|
Property, plant and equipment |
|
|
24,560 |
|
Goodwill |
|
|
139,400 |
|
Right-of-use assets |
|
|
21,340 |
|
Deferred revenue |
|
|
(12,880 |
) |
Other current liabilities |
|
|
(74,870 |
) |
Long-term lease liabilities |
|
|
(21,340 |
) |
Other liabilities |
|
|
(3,892 |
) |
Total purchase price allocation |
|
$ |
180,337 |
|
|
| Markforged [Member] |
|
| Business Combination [Line Items] |
|
| Schedule of Purchase Price Allocation |
The preliminary purchase price allocation for Markforged was as follows:
|
|
|
|
|
|
|
April 25, 2025 |
|
|
|
|
|
Cash and cash equivalents |
|
$ |
17,555 |
|
Restricted cash |
|
|
805 |
|
Trade receivables |
|
|
14,819 |
|
Other current assets |
|
|
3,558 |
|
Inventory |
|
|
33,855 |
|
Property, plant and equipment |
|
|
14,336 |
|
Right-of-use assets |
|
|
27,417 |
|
Goodwill |
|
|
40,388 |
|
Definite-lived intangible assets |
|
|
22,427 |
|
Other assets |
|
|
2,446 |
|
Accounts payable and accrued expenses |
|
|
(14,040 |
) |
Lease liability |
|
|
(28,190 |
) |
Deferred revenue |
|
|
(12,170 |
) |
Deferred tax liabilities |
|
|
(7,030 |
) |
Total purchase price allocation |
|
$ |
116,176 |
|
|