Quoted prices
in active
markets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Total

Classification in Consolidated
balance sheets

(in thousands)

Balance at December 31, 2024

Assets:

Cash and cash equivalents

$

158,930

$

—

$

—

$

158,930

Cash and cash equivalents

Restricted cash

1,399

—

1,399

Other non-current assets

Total assets

$

160,329

$

—

$

—

$

160,329

Liabilities:

Contingent consideration

—

10,860

Contingent consideration

Consideration for post-acquisition services

—

370

Other non-current liabilities

Total liabilities

$

—

$

—

$

11,230

$

11,230

Balance at September 30, 2025

Assets:

Cash and cash equivalents

$

597,056

$

—

$

—

$

597,056

Cash and cash equivalents

Restricted cash

1,493

—

1,493

Other non-current assets

Total assets

$

598,549

$

—

$

—

$

598,549

Liabilities:

Liability related to pre-funded warrants

—

30,722

—

30,722

Liability related to pre-funded warrants

Contingent consideration

—

17,754

Contingent consideration

Consideration for post-acquisition services

—

605

Other non-current liabilities

Total liabilities

$

—

$

30,722

$

18,359

$

49,081