v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements

NOTE 8 FAIR VALUE MEASUREMENTS

Contingent Consideration

The Company measures its contingent consideration liability at fair value on a recurring basis using Level 3 inputs. The Company estimates the fair value of the contingent consideration liability based on the likelihood and timing of the contingent earn-out payments. The following is the summary of the significant assumptions used for the fair value measurement of the contingent consideration liability as of June 30, 2026.

Valuation Technique

 

Range of Significant Assumptions

 

 

 

 

June 30, 2026

Probability-weighted analysis

 

Probability

 

0% - 100%

 based earn-outs

 

Discount rate

 

5.7%

As of June 30, 2026, the Company adjusted the fair value of the contingent consideration liability due to remeasurement at the reporting date. The contingent consideration liability is included within other current liabilities on the unaudited consolidated balance sheets.

Fair Value Measured on a Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis:

 

 

June 30, 2026

 

 

December 31, 2025

 

Assets Measured at Fair Value

 

 

 

 

 

 

Money market funds

 

$

32,746

 

 

$

175,520

 

Level 1

 

$

32,746

 

 

$

175,520

 

Total assets measured at fair value

 

$

32,746

 

 

$

175,520

 

 

 

 

 

 

 

 

Liabilities Measured at Fair Value

 

 

 

 

 

 

Level 3

 

 

 

 

 

 

Contingent consideration liability:

 

 

 

 

 

 

Beginning balance

 

$

—

 

 

$

—

 

Additions related to acquisitions

 

 

3,646

 

 

 

—

 

Loss on remeasurement

 

 

31

 

 

 

—

 

Ending balance

 

 

3,677

 

 

 

—

 

Level 3

 

$

3,677

 

 

 

—

 

Total liabilities measured at fair value

 

$

3,677

 

 

$

—