FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Fair Value, Company’s Liabilities Measured on Recurring Basis

The following table presents a summary of the Company’s liabilities that are measured at fair value on a recurring basis by their respective fair value hierarchy level as of June 30, 2026:


	Level 1		Level 2		Level 3
Other liabilities	$	—	$	—	$	10,928
Contingent consideration	—		—		16,699
Total liabilities	$	—	$	—	$	27,627

The following table presents a summary of the Company’s liabilities that are measured at fair value on a recurring basis by their respective fair value hierarchy level as of December 31, 2025:


	Level 1		Level 2		Level 3
Other liabilities	$	—	$	—	$	12,030
Contingent consideration	—		—		12,998
Total liabilities	$	—	$	—	$	25,028

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the change in fair value, as determined by Level 3 inputs, for the contingent consideration using the unobservable Level 3 inputs for the six months ended June 30, 2026 as follows:


Balance as of December 31, 2025	$	12,998

Cash and stock payout of contingent consideration	(3,480)
Change in fair value	7,195
Effect of currency translation adjustment	(15)


Balance as of June 30, 2026	$	16,699


Balance as of December 31, 2024	$	10,896
Other adjustment	(729)

Change in fair value	5,159
Effect of currency translation adjustment	100
Balance as of June 30, 2025	$	15,426

The following table summarizes the change in fair value, as determined by Level 3 inputs, for the other liabilities using the Level 3 inputs for the six months ended June 30, 2026 as follows:


Balance as of December 31, 2025	$	12,030
Accretion of liability	2,913
Change in other liabilities	(2,804)
Stock issued for settlement of other liability	(1,211)


Balance as of June 30, 2026	$	10,928

The following table summarizes the change in fair value, as determined by Level 3 inputs, for the other liabilities using the Level 3 inputs for the six months ended June 30, 2025 as follows:


Balance at December 31, 2024	$	4,880
Accretion of other liability	3,055
Change in other liabilities	(1,722)
Stock issued for settlement of other liability	(342)
Effect of currency translation adjustment	6
Other adjustment	731
Balance at June 30, 2025	$	6,608

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The Monte Carlo assumptions and inputs (which are Level 3 inputs) are as follows:


June 30, 2026
Significant Input	Weighted Average Input(1)	Input Range
Discount rate for credit risk and time value	4.9%	4.7% to 4.9%
Discount rate for future profit after tax	15.6%	11.8% to 19.6%
Expected volatility of future annual profit after tax	32.4%	31.0% to 35.0%
Discount Rate Applicable to Future Annual EBITDA	15.5%	15.0% to 16.0%
Expected Volatility of Future Annual EBITDA	32.5%	32.0% to 33.0%
Expected Volatility of Future Annual Revenue	9.8%	9.7% to 10.1%
Discount Rate Applicable to Future Annual Revenue	11.8%	8.0% to 12.5%
Forecasted growth rate	8.9%	(20.1)% to 31.6%


June 30, 2025
Significant Input	Weighted Average Input(1)	Input Range
Discount rate for credit risk and time value	5.5%	5.2% to 5.9%
Discount rate for future profit after tax	15.9%	11.7% to 21.4%
Expected volatility of future annual profit after tax	31.5%	30.0% to 34.0%
Discount Rate Applicable to Future Annual EBITDA	15.4%	14.9% to 16.2%
Expected Volatility of Future Annual EBITDA	33.7%	30.0% to 35.0%
Forecasted growth rate	13.4%	3.9% to 55.6%

(1) The weighted average is calculated using the estimated fair values