Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of carrying amount and estimated fair value of the Company's financial instruments

The following table summarizes the carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2026 and December 31, 2025 (in thousands):


	As of June 30, 2026
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
$7.75 Warrants	$	136,254	$	136,254	$	—	$	—	$	136,254
6.75% Convertible Senior Notes		577,998		577,998		577,998		—		—
Contingent consideration		7,983		7,983		—		—		7,983


	As of December 31, 2025
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
$7.75 Warrants	$	52,323	$	52,323	$	—	$	—	$	52,323
6.75% Convertible Senior Notes		431,014		431,014		431,014		—		—
Contingent consideration		11,777		11,777		4,353		—		7,424

Contingent consideration

Fair Value Measurements

Schedule of valuation inputs used to measure fair value

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of June 30, 2026:


Financial Instrument	Fair Value		Valuation Technique		Unobservable Input		Weighted Average
Contingent consideration	$	7,983	Scenario-based method		Credit spread		13.90%
					Discount rate		18.09%
		7,983

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of December 31, 2025:


Financial Instrument		Fair Value			Valuation Technique		Unobservable Input		Weighted Average
Contingent consideration		$	7,424		Scenario-based method		Credit spread		11.77%
							Discount rate		15.44% - 15.45%
			7,424

Schedule of changes in the carrying amount of contingent consideration

The change in the carrying amount of contingent consideration during the six months ended June 30, 2026 was as follows (in thousands):


Beginning balance as of December 31, 2025	$	11,777
Cash payments		(4,248)
Change in fair value of contingent consideration		280
Foreign currency translation adjustment		(23)
Ending balance as of March 31, 2026	$	7,786
Change in fair value of contingent consideration		197
Ending balance as of June 30, 2026	$	7,983

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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