v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]  
Schedule of Reconciliation of Earnout Liabilities Measured at Fair Value on a Recurring Basis Unobservable Inputs The table below presents a reconciliation of earnout liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

(in thousands)

 

Three Months Ended March 31, 2026

 

 

Year Ended December 31, 2025

 

Balance at beginning of period

 

$

3,000

 

 

$

6,970

 

Net change in fair value and other adjustments

 

 

 

 

 

(3,970

)

Payments

 

 

 

 

 

 

Balance at end of period

 

$

3,000

 

 

$

3,000

 

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis

At March 31, 2026 and December 31, 2025, assets and liabilities measured at fair value on a recurring basis were as follows:

 

 

March 31, 2026

 

(in thousands)

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

79,097

 

 

$

79,097

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

 

1,797

 

 

 

 

 

 

1,797

 

 

 

 

Commercial paper

 

 

1,291

 

 

 

 

 

 

1,291

 

 

 

 

Certificates of deposit

 

 

17,359

 

 

 

 

 

 

17,359

 

 

 

 

Prepaid expenses and other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap contracts

 

 

45

 

 

 

 

 

 

45

 

 

 

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap contracts

 

 

552

 

 

 

 

 

 

552

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

3,000

 

 

 

 

 

 

 

 

 

3,000

 

 

 

 

December 31, 2025

 

(in thousands)

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

72,392

 

 

$

72,392

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

 

1,781

 

 

 

 

 

 

1,781

 

 

 

 

Commercial paper

 

 

8,992

 

 

 

 

 

 

8,992

 

 

 

 

Certificates of deposit

 

 

6,489

 

 

 

 

 

 

6,489

 

 

 

 

Prepaid expenses and other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap contracts

 

 

3

 

 

 

 

 

 

3

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

3,000

 

 

 

 

 

 

 

 

 

3,000