v3.26.1
Acquisition (Tables)
6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Schedule of business combination, recognized asset acquired and liability assumed
The purchase price consideration was preliminarily allocated to the assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess of the purchase consideration over the estimated fair value of the identifiable net assets acquired recorded as goodwill as summarized below (in thousands):
Intangible assets (developed technology)$3,700 
Total tangible assets acquired and liabilities assumed, net(6)
Goodwill2,407 
Total adjusted price consideration$6,101 
Schedule of contingent consideration
The following table sets forth a summary of the changes in the fair value of the Company’s contingent consideration and certain assumed liabilities, which are measured at fair value on a recurring basis utilizing Level 3 assumptions (in thousands):
Six Months Ended
June 30, 2026
Beginning of period$24,600 
Settlement of contingent consideration to sellers in cash
(8,703)
Settlement of contingent consideration to sellers in equity
(8,703)
Settlement of assumed liabilities to third parties(679)
Change in fair value of contingent consideration(1)
3,545 
End of period
$10,060 
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(1) Includes the impact recognized upon cash settlement.