Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of the dates indicated:


	June 30, 2026
	Level 1		Level 2		Level 3		Aggregate Fair Value
Assets:
Money market funds	$	28,528	$	—	$	—	$	28,528
Contingent consideration receivable	—		—		87		87
Total assets	28,528		—		87		28,615
Liabilities:
Profits interests, noncurrent	—		—		3,132		3,132


Total liabilities	$	—	$	—	$	3,132	$	3,132


	December 31, 2025
	Level 1		Level 2		Level 3		Aggregate Fair Value
Assets:
Money market funds	$	66,298	$	—	$	—	$	66,298
Contingent consideration receivable	—		—		83		83
Total assets	66,298		—		83		66,381
Liabilities:
Profits interests, noncurrent	—		—		2,611		2,611
Total liabilities	$	—	$	—	$	2,611	$	2,611

Schedule of Changes in Fair Value of Liabilities

The following table summarizes the changes in fair value of the recurring Level 3 fair value measurements during the six months ended June 30, 2026:


		Level 3 Fair Value Measurements
	Income Statement Line Item That Includes The Gains And Losses	Contingent consideration receivable		Profits interests, noncurrent		Contingent consideration liability

Balance at December 31, 2025		$	83	$	2,611	$	—
Issues		—		—		—
Total gains recorded in earnings	General and administrative expense	60		—		—

Total losses recorded in earnings	General and administrative expense	—		521		—
Payments received		(56)		—		—
Balance at June 30, 2026		$	87	$	3,132	$	—

Schedule of Changes in Fair Value of Assets

The following table summarizes the changes in fair value of the recurring Level 3 fair value measurements during the six months ended June 30, 2026:


		Level 3 Fair Value Measurements
	Income Statement Line Item That Includes The Gains And Losses	Contingent consideration receivable		Profits interests, noncurrent		Contingent consideration liability

Balance at December 31, 2025		$	83	$	2,611	$	—
Issues		—		—		—
Total gains recorded in earnings	General and administrative expense	60		—		—

Total losses recorded in earnings	General and administrative expense	—		521		—
Payments received		(56)		—		—
Balance at June 30, 2026		$	87	$	3,132	$	—

Schedule of Fair Value Measurements Inputs

The following table provides quantitative information regarding the recurring Level 3 fair value measurements inputs for the contingent consideration receivable and profits interests at their measurement dates:


	As of
	June 30, 2026
Contingent consideration receivable
Discount rate	25.0	%


Profits interests
Discount rate	25.0	%
Discount for lack of marketability	29.5	%

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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