Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of carrying amount and estimated fair value of the Company's financial instruments

The following table summarizes the carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2026 and December 31, 2025 (in thousands):


	As of September 30, 2026
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
$7.75 Warrants	$	52,088	$	52,088	$	—	$	—	$	52,088
6.75% Convertible Senior Notes		470,690		470,690		—		—		470,690
Contingent consideration		4,167		4,167		—		—		4,167


	As of December 31, 2025
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
$7.75 Warrants	$	52,323	$	52,323	$	—	$	—	$	52,323
6.75% Convertible Senior Notes		431,014		431,014		431,014		—		—
Contingent consideration		11,777		11,777		4,353		—		7,424

Contingent consideration

Fair Value Measurements

Schedule of valuation inputs used to measure fair value

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of September 30, 2026:


Financial Instrument	Fair Value		Valuation Technique		Unobservable Input		Weighted Average
Contingent consideration	$	4,167	Scenario-based method		Credit spread		15.55%
					Discount rate		20.38%
		4,167

In the unaudited interim condensed consolidated balance sheets, contingent consideration was recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities and contingent consideration, loss accrual for service contracts, and other liabilities financial statement line items and was comprised of the following unobservable inputs as of December 31, 2025:


Financial Instrument		Fair Value			Valuation Technique		Unobservable Input		Weighted Average
Contingent consideration		$	7,424		Scenario-based method		Credit spread		11.77%
							Discount rate		15.44% - 15.45%
			7,424

Schedule of changes in the carrying amount of contingent consideration

The change in the carrying amount of contingent consideration during the nine months ended September 30, 2026 was as follows (in thousands):


Beginning balance as of December 31, 2025	$	11,777
Cash payments		(4,248)
Change in fair value of contingent consideration		280
Foreign currency translation adjustment		(23)
Ending balance as of March 31, 2026	$	7,786
Change in fair value of contingent consideration		197
Ending balance as of June 30, 2026	$	7,983
Cash payments		(1,971)
Change in fair value of contingent consideration		(1,845)
Ending balance as of September 30, 2026	$	4,167

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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