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Acquisitions (Tables)
 9 Months Ended
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 receivables48,408 
Other current assets12,843 
Property and equipment, net61,961 
Operating lease right-of-use assets20,271 
Intangible assets, technology182,000 
Intangible assets, indefinite-lived129,000 
Deferred tax assets1,934 
Other assets, non-current930 
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 assets526,438 
Goodwill103,686 
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, 2024Nine months ended September 30, 2024
(in thousands)
Revenue$32,048 $75,643 
Operating loss$(202,645)$(512,213)