v3.26.1
Fair value (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair value measurements, recurring and nonrecurring The following table summarizes certain fair value information as of June 30, 2026 and
December 31, 2025 for financial assets and liabilities measured at fair value on a recurring basis, as well as estimated fair values of certain other financial assets and liabilities not measured on a recurring basis:
Fair Value Hierarchy
BalanceEstimated Fair ValueLevel 1Level 2Level 3
(in thousands)
June 30, 2026
Financial Assets:
Cash equivalents:
Money market funds
$234,309 $234,309 $234,309 $— $— 
Long-term investments:
Non-marketable equity securities(1)
$1,250 
Financial Liabilities:
Contingent consideration payable
$1,654 $1,654 $— $— $1,654 
 Foreign exchange derivative liabilities$390 $390 $— $390 $— 
December 31, 2025
Financial Assets:
Cash equivalents:
Money market funds
$271,513 $271,513 $271,513 $— $— 
Foreign exchange derivative assets$196 $196 $— $196 $— 
Long-term investments:
Non-marketable equity securities(1)
$1,250 
Financial Liabilities:
Contingent consideration payable
$3,370 $3,370 $— $— $3,370 
__________________________
(1)Equity securities that do not have readily determinable fair value and are measured at cost.
Contingent consideration measurement inputs
The following table presents the weighted average discount rates for risk-free performance targets and time value used to determine fair values of contingent consideration payable for Ekumen and Mobile Computing as of June 30, 2026:
Ekumen
Mobile Computing
Weighted average discount rate for risk-free performance targets
12.4 %8.5 %
Discount rate for credit risk and time value
1.6 %1.8 %
Reconciliation of acquisition-related contingent consideration payable A reconciliation of the beginning and ending balances of Level 3 acquisition-related contingent consideration payable using significant unobservable inputs for the six months ended June 30, 2026 is as follows:
Amount
(in thousands)
Contingent consideration payable as of January 1, 2026$3,370 
Acquisition date fair value of contingent consideration payable — Ekumen1,589 
Payment of contingent consideration - JUXT(370)
Payment of contingent consideration - Mobile Computing(1,750)
Change in fair value of contingent consideration payable included in Other income, net - Mobile Computing(1,183)
Effect of net foreign currency exchange rate changes(2)
Contingent consideration payable as of June 30, 2026
$1,654