v3.26.3
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Measured at Fair Value on Recurring Basis by Level within Fair Value Hierarchy

The following table presents the Company's financial instruments measured at fair value on a recurring basis, by level within the fair value hierarchy:

September 30, 2026

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Interest rate swap(1)

$

1,844

 

 

$

—

 

 

$

1,844

 

 

$

—

 

Foreign currency forward contract(2)

 

252

 

 

 

—

 

 

 

252

 

 

 

—

 

Total Assets

$

2,096

 

 

$

—

 

 

$

2,096

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Business acquisitions contingent consideration, current

$

6,182

 

 

$

—

 

 

$

—

 

 

$

6,182

 

Total Liabilities

$

6,182

 

 

$

—

 

 

$

—

 

 

$

6,182

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Business acquisitions contingent consideration, current

$

14,883

 

 

$

—

 

 

$

—

 

 

$

14,883

 

Business acquisitions contingent consideration, long-term

 

2,755

 

 

 

—

 

 

 

—

 

 

 

2,755

 

Interest rate swap(1)

 

429

 

 

 

—

 

 

 

429

 

 

 

—

 

Total Liabilities

$

18,067

 

 

$

—

 

 

$

429

 

 

$

17,638

 

_____________________________

(1) As of September 30, 2026, $1.2 million and $0.6 million are included in prepaid and other current assets and other assets, respectively, in the unaudited condensed consolidated statement of financial position. As of December 31, 2025, the amount is included in other non-current liabilities in the audited condensed consolidated statement of financial position.

(2) As of September 30, 2026, the amount is included in prepaid and other current assets in the unaudited condensed consolidated statement of financial position.

Summary of Financial Instruments Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis:

 

Interest Rate Swap

 

 

Foreign Currency Forward Contract

 

 

Total Assets

 

 

Business Acquisitions Contingent Consideration, Current

 

 

Business Acquisitions Contingent Consideration, Long-term

 

 

Conversion Option Related to Series A-2 Preferred Stock

 

 

Interest Rate Swap

 

 

Total Liabilities

 

Balance as of December 31, 2024

$

1,544

 

 

$

—

 

 

$

1,544

 

 

$

26,872

 

 

$

6,255

 

 

$

20,224

 

 

$

—

 

 

$

53,351

 

Changes in fair value included in earnings

 

(1,544

)

 

 

—

 

 

 

(1,544

)

 

 

(231

)

 

 

1,075

 

 

 

(20,224

)

 

 

286

 

 

 

(19,094

)

Payment of contingent consideration payable

 

—

 

 

 

—

 

 

 

—

 

 

 

(12,100

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(12,100

)

Reclass of long term to short term contingent liabilities

 

—

 

 

 

—

 

 

 

—

 

 

 

(480

)

 

 

480

 

 

 

—

 

 

 

—

 

 

 

—

 

Measurement period adjustment

 

—

 

 

 

—

 

 

 

—

 

 

 

1,548

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,548

 

Balance as of September 30, 2025

$

—

 

 

$

—

 

 

$

—

 

 

$

15,609

 

 

$

7,810

 

 

$

—

 

 

$

286

 

 

$

23,705

 

Balance as of December 31, 2025

$

—

 

 

$

—

 

 

$

—

 

 

$

14,883

 

 

$

2,755

 

 

$

—

 

 

$

429

 

 

$

18,067

 

Changes in fair value included in earnings

 

1,844

 

 

 

252

 

 

 

2,096

 

 

 

205

 

 

 

(902

)

 

 

—

 

 

 

(429

)

 

 

(1,126

)

Payment of contingent consideration payable

 

—

 

 

 

—

 

 

 

—

 

 

 

(10,759

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(10,759

)

Reclass of long term to short term contingent liabilities

 

—

 

 

 

—

 

 

 

—

 

 

 

1,853

 

 

 

(1,853

)

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of September 30, 2026

$

1,844

 

 

$

252

 

 

$

2,096

 

 

$

6,182

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

6,182