v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 (in thousands):

 

Fair Value

 

 

Quoted Price in
Active Market for
 Identical Assets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

291,629

 

 

$

291,629

 

 

$

—

 

 

$

—

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

110

 

 

 

—

 

 

 

110

 

 

 

—

 

 

$

291,739

 

 

$

291,629

 

 

$

110

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

4,465

 

 

$

—

 

 

$

—

 

 

$

4,465

 

Contingent considerations - Long term

 

1,291

 

 

 

—

 

 

 

—

 

 

 

1,291

 

Foreign currency forward contracts

 

134

 

 

 

—

 

 

 

134

 

 

 

—

 

 

$

5,890

 

 

$

—

 

 

$

134

 

 

$

5,756

 

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 (in thousands):

 

Fair Value

 

 

Quoted Price in
Active Market for
 Identical Assets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

$

1,226

 

 

$

—

 

 

$

1,226

 

 

$

—

 

 

$

1,226

 

 

$

—

 

 

$

1,226

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

57

 

 

$

—

 

 

$

—

 

 

$

57

 

Foreign currency forward contracts

 

1,401

 

 

 

—

 

 

 

1,401

 

 

 

—

 

 

$

1,458

 

 

$

—

 

 

$

1,401

 

 

$

57

 

 

Changes in the fair value of Level 3 contingent considerations during the twelve months ended December 31, 2025 were as follows (in thousands):

 

Contingent Considerations

 

Balance at December 31, 2024

$

57

 

Acquisition of Keonn

 

4,537

 

Payments

 

—

 

Fair value adjustments

 

830

 

Effect of foreign exchange rates

 

332

 

Balance at December 31, 2025

$

5,756

 

The following table provides qualitative information associated with the fair value measurement of the Company’s Level 3 liabilities:

Liability

December 31, 2025 Fair Value

(in thousands)

Valuation Technique

Unobservable Inputs

Percentage Applied

Contingent consideration (Keonn)

$5,692

Monte Carlo method

Historical and projected revenue and gross profit margin from fiscal year 2025 to 2027

N/A

 

 

 

 

 

 

Gross Profit Premium

 

9.3%

 

 

 

 

 

 

Revenue risk premium

 

8.4%

 

 

 

 

 

 

Gross Profit Volatility

 

38.5%

 

 

 

 

 

 

Revenue Volatility

 

35.0%

 

 

 

 

 

 

Credit spread

 

1.9%
Changes in Fair Value of Level 3 Contingent Considerations

Changes in the fair value of Level 3 contingent considerations during the twelve months ended December 31, 2025 were as follows (in thousands):

 

Contingent Considerations

 

Balance at December 31, 2024

$

57

 

Acquisition of Keonn

 

4,537

 

Payments

 

—

 

Fair value adjustments

 

830

 

Effect of foreign exchange rates

 

332

 

Balance at December 31, 2025

$

5,756

 
Schedule Of Qualitative Information Associated With Fair Value Measurement of Company's Level 3 Liabilities

The following table provides qualitative information associated with the fair value measurement of the Company’s Level 3 liabilities:

Liability

December 31, 2025 Fair Value

(in thousands)

Valuation Technique

Unobservable Inputs

Percentage Applied

Contingent consideration (Keonn)

$5,692

Monte Carlo method

Historical and projected revenue and gross profit margin from fiscal year 2025 to 2027

N/A

 

 

 

 

 

 

Gross Profit Premium

 

9.3%

 

 

 

 

 

 

Revenue risk premium

 

8.4%

 

 

 

 

 

 

Gross Profit Volatility

 

38.5%

 

 

 

 

 

 

Revenue Volatility

 

35.0%

 

 

 

 

 

 

Credit spread

 

1.9%