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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Asset Acquisition | The following table summarizes the total consideration transferred at acquisition date:
(in thousands) |
Recursion Class A common stock | $ | 7,815 |
Contingent consideration liability | 11,875 |
Transactions costs | 292 |
Cash paid | 171 |
Total | $ | 20,153 |
Schedule of Contingent Consideration Transferred | The following table summarizes the consideration transferred for the milestone:
(in thousands) |
Recursion Class A common stock | $ | 12,500 |
Cash paid | 1,768 |
Total | $ | 14,268 |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of assets acquired and liabilities assumed as of the acquisition date:
(in thousands) |
Cash and cash equivalents | $ | 277,104 |
Other receivables | 48,408 |
Other current assets | 12,843 |
Property and equipment, net | 61,961 |
Operating lease right-of-use assets | 20,271 |
Intangible assets, technology | 182,000 |
Intangible assets, indefinite-lived | 129,000 |
Deferred tax assets | 1,934 |
Other assets, non-current | 930 |
Accounts payable and accrued liabilities | (40,780) |
Lease liabilities | (21,679) |
Deferred revenue | (120,905) |
Deferred tax liability | (23,077) |
Other liabilities | (1,572) |
Total identifiable net assets | 526,438 |
Goodwill | 103,686 |
Total assets acquired and liabilities assumed | $ | 630,124 |
Schedule of Pro Forma Financial Information | The following pro forma summary presents consolidated revenue and earnings of Recursion as if the Exscientia business combination had occurred on January 1, 2023.
| Three months ended September 30, 2024 |  | Nine months ended September 30, 2024
(in thousands) |
Revenue | $ | 32,048 |  |  | $ | 75,643 |
Operating loss | $ | (202,645) |  |  | $ | (512,213) |

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