Acquisitions |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Business Combination [Abstract] | |
| Acquisitions | 7. ACQUISITIONS During the nine months ended September 30, 2026 and 2025, the Company did not complete any business acquisitions as defined under ASC 805; however, strategic acquisitions remain a core part of the Company's growth strategy. On September 15, 2026, the Company entered into an asset purchase agreement to acquire certain assets, including customer contracts, for a purchase price of $5.1 million, paid in cash. The Company determined that the acquired set of assets did not meet the definition of a business under ASC 805, Business Combinations, and accounted for the transaction as an asset acquisition. Refer to Note 8 for purchase price allocation details. The Company expects to incur $6.2 million, and may be required to make up to $7.0 million, in aggregate earn-out payments between the years 2026 and 2027 in connection with certain of its business acquisitions, of which up to $3.8 million may be paid only in cash, up to $2.8 million may be paid only in common stock and up to $0.4 million may be paid, at the Company’s option, in cash or common stock. Transaction costs related to business combinations totaled $0.2 million and $0.4 million for the three and nine months ended September 30, 2026, respectively, and $0.8 million and $1.8 million for the three and nine months ended September 30, 2025, respectively. These costs are expensed within selling, general and administrative expense in the accompanying unaudited condensed consolidated statements of operations. See Note 22. |