v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

The following tables present the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis (in thousands):

Fair Value Measurements at March 31, 2026 Using:

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Assets:

 

  ​

 

  ​

 

  ​

 

  ​

Cash equivalents - Money market funds

$

21,941

$

$

$

21,941

Marketable securities - U.S. Treasury securities due in 3 - 12 months

44,179

44,179

Total assets measured at fair value

 

$

21,941

 

$

44,179

 

$

 

$

66,120

Other current liabilities:

Acquisition-related contingent consideration

22,406

22,406

Total liabilities measured at fair value

$

$

$

22,406

$

22,406

Fair Value Measurements at December 31, 2025 Using:

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Assets:

 

  ​

 

  ​

 

  ​

 

  ​

Cash equivalents - Money market funds

$

30,040

$

$

$

30,040

Marketable securities - U.S. Treasury securities due in 3 - 12 months

42,453

42,453

Total assets measured at fair value

 

$

30,040

 

$

42,453

 

$

 

$

72,493

Other current liabilities:

Acquisition-related contingent consideration

16,025

16,025

Total liabilities measured at fair value

$

$

$

16,025

$

16,025

Schedule of change in fair value of liabilities

The Company achieved the minimum threshold of the sale of certain RedWave products and services as of March 31, 2026. The following table provides a roll-forward of the fair value of the Company’s contingent consideration, for which fair value is determined using Level 3 inputs (in thousands):

Balance as of December 31, 2025

$

16,025

Increase in fair value of contingent consideration earnouts

6,381

Balance as of March 31, 2026

$

22,406