v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements  
Schedule of carrying amount and estimated fair value of the Company's financial instruments

The following table summarizes the carrying amount and estimated fair value of the Company’s financial instruments as of March 31, 2026 and December 31, 2025 (in thousands):

As of March 31, 2026

Carrying

Fair

Fair Value Measurements

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Liabilities

$7.75 Warrants

$

106,963

$

106,963

$

$

$

106,963

6.75% Convertible Senior Notes

502,770

502,770

502,770

Contingent consideration

7,786

7,786

7,786

As of December 31, 2025

Carrying

Fair

Fair Value Measurements

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Liabilities

$7.75 Warrants

$

52,323

$

52,323

$

$

$

52,323

6.75% Convertible Senior Notes

431,014

431,014

431,014

Contingent consideration

11,777

11,777

4,353

7,424

Contingent consideration  
Fair Value Measurements  
Schedule of valuation inputs used to measure fair value

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of March 31, 2026:

Financial Instrument

Fair Value

Valuation Technique

  ​ ​ ​

Unobservable Input

  ​ ​ ​

Weighted Average

Contingent consideration

$

7,786

Scenario-based method

Credit spread

11.77%

Discount rate

15.44% - 15.45%

7,786

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of December 31, 2025:

Financial Instrument

  ​ ​ ​

Fair Value

  ​ ​ ​

Valuation Technique

  ​ ​ ​

Unobservable Input

  ​ ​ ​

Weighted Average

Contingent consideration

$

7,424

Scenario-based method

Credit spread

11.77%

Discount rate

15.44% - 15.45%

7,424

Schedule of changes in the carrying amount of contingent consideration

The change in the carrying amount of contingent consideration during the three months ended March 31, 2026 was as follows (in thousands):

Beginning balance as of December 31, 2025

$

11,777

Cash payments

(4,248)

Change in fair value of contingent consideration

280

Foreign currency translation adjustment

 

(23)

Ending balance as of March 31, 2026

$

7,786