v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis
The table below presents the financial assets and liabilities measured at fair value:
June 30, 2026
Balance Sheet Caption
Level 1
Level 2Level 3Total
Recurring fair value measurements:
Available for sale investmentsAvailable for sale investments$— $373,525 $— $373,525 
2025 RDO WarrantsDerivative liabilities— — 10,179 10,179 
IPO Private WarrantsDerivative liabilities— — 28 28 
2026 Notes Conversion OptionDerivative liabilities— — 248 248 
2029 Notes Conversion OptionDerivative liabilities— — — — 
Nonrecurring fair value measurement:
Goodwill
Goodwill $— $— $238,570 $238,570 
December 31, 2025
Balance Sheet CaptionLevel 1Level 2Level 3Total
Recurring fair value measurements:
Available for sale investmentsAvailable for sale investments$— $374,410 $— $374,410 
2025 RDO WarrantsDerivative liabilities— — 16,437 16,437 
IPO Private WarrantsDerivative liabilities— — 128 128 
2026 Notes Conversion OptionDerivative liabilities— — 1,585 1,585 
2029 Notes Conversion OptionDerivative liabilities— — 98,756 98,756 
Nonrecurring fair value measurement:
Goodwill
Goodwill $— $— $241,100 $241,100 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The changes in the fair value of the Level 3 liabilities are as follows:

2025 RDO warrantsIPO private warrants2026 Notes Conversion Option2029 Notes Conversion Option
December 31, 2025$16,437 $128 $1,585 $98,756 
Additions— — — — 
Changes in fair value(6,258)(100)(1,337)28,291 
Settlements— — — (127,047)
June 30, 2026$10,179 $28 $248 $—