XML 46 R35.htm IDEA: XBRL DOCUMENT v3.26.1

FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The following table presents the fair value of the Company's financial instruments that are measured or disclosed at fair value on a recurring basis (in thousands):

			June 30, 2026
			Level 1						Level 2						Level 3
Assets:
Cash equivalents
Treasury bills			$	40,685					$	—					$	—
Money market funds			55,027						—						—
Other non-current assets
Derivative			—						—						2,156
Total assets			$	95,712					$	—					$	2,156
Liabilities:
Contingent acquisition liabilities (Current)
Contingent earnout consideration			$	—					$	—					$	—
Contingent acquisition liabilities (Non-current)
Contingent earnout consideration			—						—						83,637
Total liabilities			$	—					$	—					$	83,637

			December 31, 2025
			Level 1						Level 2						Level 3
Assets:
Cash equivalents
Treasury bills			$	39,920					$	—					$	—
Money market funds			21,334						—						—
Other non-current assets
Derivative			—						—						4,786
Total assets			$	61,254					$	—					$	4,786
Liabilities:
Contingent acquisition liabilities (Current)
Contingent earnout consideration			$	—					$	—					$	4,400
Contingent acquisition liabilities (Non-current)
Contingent earnout consideration			—						—						129,227
Total liabilities			$	—					$	—					$	133,627

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The reconciliation of the Company's derivative measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:

Balance as of December 31, 2024			$	110
Change in the fair value of derivative			1,289
Balance as of March 31, 2025			$	1,399
Change in the fair value of derivative			890
Balance as of June 30, 2025			$	2,289

Balance as of December 31, 2025			$	4,786
Change in the fair value of derivative			(2,491)
Balance as of March 31, 2026			$	2,295
Change in the fair value of derivative			(139)
Balance as of June 30, 2026			$	2,156

The reconciliation of the Company's Contingent SYNQ3 Holdback Consideration measured at fair value, including the effect of measurement period adjustments, on a recurring basis using unobservable inputs (Level 3) is as follows:

Balance as of December 31, 2024			$	4,076
Change in the fair value of liability			(2,349)
Balance as of March 31, 2025			$	1,727
Change in the fair value of liability			2,393
Settlement			(4,120)
Balance as of June 30, 2025			$	—
Balance as of June 30, 2026			$	—

The reconciliation of the Company's contingent earnout consideration measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:

Balance as of December 31, 2024			$	286,898
Change in the fair value of liability			(173,751)
Balance as of March 31, 2025			$	113,147
Change in the fair value of liability			28,966
Balance as of June 30, 2025			$	142,113

Balance as of December 31, 2025			$	133,627
Change in the fair value of liability			(39,392)
Settlement			(6,901)
Balance as of March 31, 2026			$	87,334
Change in the fair value of liability			$	(3,697)
Balance as of June 30, 2026			$	83,637

Schedule of Fair Value Measurement Technique

The fair value of the Contingent SYNQ3 Holdback Consideration has been estimated as of the Closing Date under the following assumptions:

			January 3, 2024
Risk-free interest rate			4.6		%
Holdback period			1.25 years

The fair value of the Contingent SYNQ3 Earnout Consideration acquired from the SYNQ3 Acquisition has been estimated as of the Closing Date, June 30, 2025 and June 30, 2026, with the following assumptions for the unobservable inputs:

			January 3, 2024			June 30, 2025			June 30, 2026
Discount rate			12.6		%	12.8		%	14.6		%
Expected stock price volatility			115.3		%	120.0		%	115.0		%
Risk-free interest rate			4.2		%	3.8		%	3.7		%
Expected dividend yield			0.0		%	0.0		%	0.0		%
Expected life			0.5 - 2.5 years			0.25 - 1 years			0.5 years

The fair value of the Contingent Amelia Earnout Consideration acquired from the Amelia Acquisition has been estimated as of the Closing Date, June 30, 2025 and June 30, 2026, with the following assumptions for the unobservable inputs:

			August 6, 2024			June 30, 2025			June 30, 2026
Metric specific discount rate			8.0		%	7.5		%	9.0		%
Earnout payment discount rate			3.8		%	3.7		%	4.0		%
Expected stock price volatility			73.0		%	123.0		%	74.0		%
Expected metric volatility			11.0		%	13.0		%	16.0		%
Risk-free interest rate for target revenue			4.0		%	3.9		%	3.8		%
Risk-free interest rate for stock price			3.8		%	3.8		%	4.0		%
Expected dividend yield			0.0		%	0.0		%	0.0		%
Expected life			1.4 - 2.4 years			0.5 - 1.5 years			0.5 years

The fair value of the Contingent Interactions Earnout Consideration acquired from the Interactions Acquisition has been estimated as of the Closing Date and June 30, 2026, with the following assumptions for the unobservable inputs:

			September 3, 2025			June 30, 2026
Metric specific discount rate			8.0		%	9.0		%
Risk-free interest rate for target revenue			3.5		%	4.0		%
Expected metric volatility			15.0		%	20.0		%
Earnout payment discount rate			6.8		%	6.9		%
Expected life			1.3 - 2.3 years			0.5 - 1.5 years

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration