Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2026

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques used to determine such fair value:


	Level 1		Level 2		Level 3		Total
As of June 30, 2026	(in thousands)
Assets
Cash and cash equivalents	$	19,171	$	—	$	—	$	19,171
Investments in marketable securities, current	—		73,454		—		73,454

Total	$	19,171	$	73,454	$	—	$	92,625
Liabilities
Contingent consideration	$	—	$	—	$	8,817	$	8,817
Total	$	—	$	—	$	8,817	$	8,817


	Level 1		Level 2		Level 3		Total
As of December 31, 2025	(in thousands)
Assets
Cash and cash equivalents	$	18,008	$	—	$	—	$	18,008
Investments in marketable securities, current	—		73,463		—		73,463

Total	$	18,008	$	73,463	$	—	$	91,471
Liabilities
Contingent consideration	$	—	$	—	$	8,395	$	8,395
Total	$	—	$	—	$	8,395	$	8,395

Schedule of changes in fair value of contingent consideration

The following table presents the changes in fair value of the Company’s contingent consideration:


	Liability at beginning of the period		Change in fair value of liability		Liability at end of the period
	(in thousands)
Six Months Ended June 30, 2026	$	8,395	$	422	$	8,817
Six Months Ended June 30, 2025	$	10,225	$	559	$	10,784