| Summary of Marketable Securities |
The following tables summarize the Company's marketable securities as of September 30, 2026, and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Amortized Cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated Fair Value | | (Amounts in thousands) | | Short-term investments: | | | | | | | | | U.S. Treasury bills | $ | 136,232 | | | $ | — | | | $ | (213) | | | $ | 136,019 | | | Total | $ | 136,232 | | | $ | — | | | $ | (213) | | | $ | 136,019 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated Fair Value | | (Amounts in thousands) | | Short-term investments: | | | | | | | | | U.S. Treasury bills | $ | 201,554 | | | $ | 55 | | | $ | (2) | | | $ | 201,607 | | | Total | $ | 201,554 | | | $ | 55 | | | $ | (2) | | | $ | 201,607 | |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of September 30, 2026, and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Level 1 | | Level 2 | | Level 3 | | Total | | (Amounts in thousands) | | Assets: | | | | | | | | | Cash and cash equivalents: | | | | | | | | Cash (1) | $ | 701,979 | | | $ | — | | | $ | — | | | $ | 701,979 | | | Money market accounts | 24,981 | | | — | | | — | | | 24,981 | | | Total | $ | 726,960 | | | $ | — | | | $ | — | | | $ | 726,960 | | | Marketable securities: | | | | | | | | | U.S. Treasury bills | $ | — | | | $ | 136,019 | | | $ | — | | | $ | 136,019 | | | Total | $ | — | | | $ | 136,019 | | | $ | — | | | $ | 136,019 | | | Total assets | $ | 726,960 | | | $ | 136,019 | | | $ | — | | | $ | 862,979 | | | Liabilities: | | | | | | | | | Contingent consideration | $ | — | | | $ | 2,254 | | | $ | — | | | $ | 2,254 | | | | | | | | | | | Total liabilities | $ | — | | | $ | 2,254 | | | $ | — | | | $ | 2,254 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | | (Amounts in thousands) | | Assets: | | | | | | | | | Cash and cash equivalents: | | | | | | | | Cash (1) | $ | 88,148 | | | $ | — | | | $ | — | | | $ | 88,148 | | | Money market accounts | 477,873 | | | — | | | — | | | 477,873 | | | Total | $ | 566,021 | | | $ | — | | | $ | — | | | $ | 566,021 | | | Marketable securities: | | | | | | | | | U.S. Treasury bills | $ | — | | | $ | 201,607 | | | $ | — | | | $ | 201,607 | | | Total | $ | — | | | $ | 201,607 | | | $ | — | | | $ | 201,607 | | | Total assets | $ | 566,021 | | | $ | 201,607 | | | $ | — | | | $ | 767,628 | | | Liabilities: | | | | | | | | | Contingent consideration | $ | — | | | $ | — | | | $ | 5,049 | | | $ | 5,049 | | | Noncurrent contingent consideration | — | | | — | | | 1,304 | | | 1,304 | | | Total liabilities | $ | — | | | $ | — | | | $ | 6,353 | | | $ | 6,353 | |
(1)Cash and cash equivalents are recorded at carrying value, which approximate fair value.
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| Schedule of Reconciliation of the Change in the Fair Value of Contingent Consideration - Earnout |
A reconciliation of the change in fair value of contingent consideration – earnout is included in the following table (amounts in thousands): | | | | | | | Balance at December 31, 2025 | $ | 6,353 | | | Increase in fair value of contingent consideration earnouts | 1,459 | | | Earnout payment - cash | (5,225) | | | Cumulative translation adjustment | (333) | | | Balance at September 30, 2026 | $ | 2,254 | |
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