Accrued expenses and other liabilities consisted of the following:


(in thousands)	March 31, 2026		December 31, 2025
Payroll and payroll-related	$	7,191	$	11,453
TRA liability, current portion		635		8,009
Accrued liability for data contract termination		—		6,369
Accrued legal matters		3,460		4,372
Accrued capital data expenditures		2,360		2,267
Contingent consideration, current		3,000		3,000
Sales, franchise and other taxes		2,467		2,682
Other		4,803		6,621
Accrued expenses and other liabilities	$	23,916	$	44,773

During the three months ended March 31, 2026, the Company committed to a restructuring plan (the “2026 Restructuring Plan”) intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth. The 2026 Restructuring Plan provided for a reduction of the Company’s current workforce by approximately 40 people. During the three months ended March 31, 2026, the Company incurred restructuring and related charges of approximately $1.1 million, consisting of severance payments, employee benefits, and related cash expenses, which were recognized within transaction, integration, and restructuring expenses in the unaudited condensed consolidated statements of operations. As of March 31, 2026, $0.3 million was included in accrued expenses and other liabilities in the unaudited condensed consolidated balance sheets. The Company expects these payments will be made over the next six months. Charges incurred during the three months ended March 31, 2025 related to previous restructuring plans were not material.

The following table sets forth the activity in the Company’s liabilities resulting from the 2026 Restructuring Plan:


(in thousands)	2026 Restructuring Plan
Balance at December 31, 2025	$	—
Charges incurred		1,052
Cash payments made		(721	)
Balance at March 31, 2026	$	331

The Company does not expect to incur further material restructuring and related charges associated with the 2026 Restructuring Plan during the remainder of 2026.

Regarding contingent consideration associated with a prior acquisition, the Company determined that the earn-out revenue targets were partially achieved for the calendar year 2024 performance period and not achieved for the calendar year 2025 performance period.

In May 2025, former equity holders of the acquired company delivered a notice asserting that the performance conditions for the 2024 performance period were satisfied at a higher payout tier than was calculated by the Company and that additional consideration is due. The Company disputes this assertion and believes that, based on its interpretation of the purchase agreement and its calculation of the applicable performance metrics, no additional amounts are payable. The parties are engaged in litigation regarding this issue.

As of March 31, 2026 and December 31, 2025, the Company has recorded a contingent consideration liability of $3.0 million, representing management’s estimate of the fair value of the earnout obligation. The liability was included within accrued expenses and other liabilities as of March 31, 2026 and December 31, 2025. While the Company believes its interpretation of the agreement is appropriate and intends to vigorously defend its position, the ultimate outcome of this matter is uncertain. The Company will continue to evaluate this matter and adjust the estimated fair value of the contingent consideration liability as necessary based on developments in the dispute and any new information that becomes available.