v3.25.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis

The following table presents Informa TechTarget's financial instruments that are measured at fair value as of December 31, 2024 and 2023:

 



 

 

As of December 31, 2024

 





 

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

Total Fair Value Measurements

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Pooled bond funds

 

$

—

 

 

$

77,705

 

 

$

—

 

 

$

77,705

 

Total short-term investments

 

$

—

 

 

$

77,705

 

 

$

—

 

 

$

77,705

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

2025 Notes

 

$

—

 

 

$

3,030

 

 

$

—

 

 

$

3,030

 

2026 Notes

 

 

—

 

 

 

412,660

 

 

 

—

 

 

 

412,660

 

Total Notes

 

$

—

 

 

$

415,690

 

 

$

—

 

 

$

415,690

 

 


 

 

As of December 31, 2023

 





 

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

Total Fair Value Measurements

 





 

 

 

 

 

 

 

 

Restated

 

 

Restated

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - current

 

$

—

 

 

$

—

 

 

$

4,937

 

 

$

4,937

 

Contingent consideration - non-current

 

 

—

 

 

 

—

 

 

 

46,199

 

 

 

46,199

 

Total liabilities

 

$

—

 

 

$

—

 

 

$

51,136

 

 

$

51,136

 

Fair Value of Contingent Consideration Categorized as Level 3

Below is a summary of the changes in the contingent consideration balances for the years ended December 31, 2024, 2023 and 2022:

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

As Restated

 

 

As Restated

 

Balance at beginning of the year

 

$

51,136

 

 

$

171,100

 

 

$

2,760

 

Acquisitions

 

 

—

 

 

 

3,980

 

 

 

163,100

 

Remeasurements

 

 

(22,436

)

 

 

(123,944

)

 

 

8,000

 

Settlements

 

 

(5,000

)

 

 

—

 

 

 

(2,760

)

Transfer of Industry Dive liability to Parent

 

 

(23,700

)

 

 

—

 

 

 

—

 

Balance at end of the year

 

$

—

 

 

$

51,136

 

 

$

171,100