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Fair Value Measurements
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table summarizes the fair value of our money market fund financial assets and contingent consideration financial liabilities that were measured on a recurring basis as of December 31, 2025 and 2024. See Note 3. Acquisitions, Note 8. Accrued Liabilities and Other and Note 15. Commitments and Contingencies for additional information regarding our contingent consideration liabilities. There have been no transfers between fair value measurement levels during the years ended December 31, 2025 and 2024.
Fair Value Measurements at
December 31, 2025 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(in thousands)
Assets:
Money market funds$68,205 $— $— $68,205 
Liabilities:
Contingent consideration$— $— $10,840 $10,840 
Fair Value Measurements at
December 31, 2024 Using
Quoted Prices in
Active Markets
for Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(in thousands)
Assets:
Money market funds$43,976 $— $— $43,976 
Liabilities:
Contingent consideration$— $— $14,050 $14,050 
The following table presents a summary of the changes in the fair value of our contingent consideration liabilities measured using Level 3 inputs:
(in thousands)
Balance as of December 31, 2023$3,650 
Acquisitions 16,620 
Net gain recognized(6,220)
Balance as of December 31, 2024$14,050 
Payments(5,358)
Net expense recognized2,148 
Balance as of December 31, 2025$10,840 
As of December 31, 2025 and 2024, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 9. Debt for additional information regarding our debt.