On January 14, 2026 (the "Acquisition Date"), the Company completed the acquisition of InfiniGrow Ltd. ("InfiniGrow"), a privately-held AI marketing analytics company, by acquiring all of its outstanding capital stock for total consideration of $0.2 million in cash. Prior to the acquisition, the Company had provided InfiniGrow with short-term financing through two bridge loan agreements executed in December 2025 and January 2026, with an aggregate outstanding balance (including accrued interest) of $0.4 million at the time of closing. Upon completion of the acquisition, the outstanding bridge loan balances were settled as a preexisting relationship. In connection with the acquisition, which was accounted for as a business combination, the Company recognized $2.0 million of developed technology intangible assets that will be amortized over an estimated useful life of three years. Additionally, the Company agreed to grant equity awards to key employees of InfiniGrow under its equity incentive plan, with an aggregate target value of $6.5 million to be recognized as compensation expense over the requisite service period.

InfiniGrow is an AI marketing analytics company that helps organizations measure, forecast, and optimize the impact of marketing on revenue. The acquisition reinforces the Company's focus on making analytics actionable and helping marketers move faster, make smarter decisions, and drive business outcomes from a single platform.

On May 1, 2026, the Company entered into an agreement with Statsig, LLC ("Statsig"), pursuant to which the Company acquired certain assets related to Statsig's customer contracts, including customer relationships, order backlog, the Statsig trade name, and a perpetual non-exclusive license to use certain proprietary technology. In connection with the transaction, the Company assumed the remaining performance obligations associated with the acquired customer contracts and acquired related accounts receivable.

The transaction was accounted for as an asset acquisition in accordance with ASC 805-50, Business Combinations, as the acquired set of assets did not meet the definition of a business under ASC 805. Accordingly, no goodwill was recognized.

The aggregate fair values of the identifiable intangible assets acquired which exceeded the liabilities assumed were allocated to the individual assets on a relative fair value basis. The allocation of the acquisition date fair values was as follows (in thousands):

The Company recognized $8.7 million of identifiable intangible assets consisting of customer relationships, order backlog, developed technology, and trade name. These intangible assets are amortized on a straight-line basis over their estimated useful lives ranging from one to five years. The fair values of the acquired intangible assets were determined using income-based valuation methodologies and represent Level 3 fair value measurements under ASC 820.

Statsig is a software-as-a-service ("SaaS") platform that provides experimentation, feature management, and product analytics capabilities. The transaction provides the Company with technology rights and intangible assets that complement its existing product analytics offerings and expand its experimentation and feature management capabilities.

Intangible Assets Other Than Goodwill

Amortization expense of intangible assets was $1.0 million and $1.5 million for the three and six months ended June 30, 2026, respectively, and $0.3 million and $0.6 million for the three and six months ended June 30, 2025, respectively.