v3.26.1
Business Acquisitions
6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Business Acquisitions

7. BUSINESS ACQUISITIONS

During the six months ended June 30, 2026 and 2025, the Company did not complete any business acquisitions; however, strategic acquisitions remain a core part of the Company's growth strategy.

The Company may be required to make up to $7.0 million in aggregate earn-out payments between the years 2026 and 2027 in connection with certain of its business acquisitions, of which up to $3.8 million may be paid only in cash, up to $2.8 million may be paid only in common stock and up to $0.4 million may be paid, at the Company’s option, in cash or common stock.

Transaction costs related to previous business combinations totaled $0.1 million and $0.2 million for the three and six months ended June 30, 2026, respectively, and $0.3 million and $1.0 million for the three and six months ended June 30, 2025, respectively. These costs are expensed within selling, general and administrative expense in the accompanying unaudited condensed consolidated statements of operations.