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Fair Value of Financial Instruments | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Fair Value of Financial Instruments | 13. FAIR VALUE OF FINANCIAL INSTRUMENTS The following financial instruments are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
| September 30, 2025 |  |  | December 31, 2024 |
Interest rate swap (1) | $ | — |  |  | $ | 1,544 |
Total Assets | $ | — |  |  | $ | 1,544 |
Business acquisitions contingent consideration, current | $ | 15,609 |  |  | $ | 26,872 |
Business acquisitions contingent consideration, long-term | $ | 7,810 |  |  | $ | 6,255 |
Conversion option | $ | — |  |  | $ | 20,224 |
Interest rate swap (1) | $ | 286 |  |  | $ | — |
Total Liabilities | $ | 23,705 |  |  | $ | 53,351 |
_____________________________ (1) Included in other non-current liabilities and other assets in the unaudited condensed consolidated statement of financial position as of September 30, 2025 and audited condensed consolidated statement of financial position as of December 31, 2024, respectively. The estimated fair value amounts shown above are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or ability to dispose of the financial instrument. The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis:
| Interest Rate Swap |  |  | Total Assets |  |  | Business Acquisitions Contingent Consideration, Current |  |  | Business Acquisitions Contingent Consideration, Long-term |  |  | Conversion Option Related to Series A-2 Preferred Stock |  |  | Interest Rate Swap |  |  | Total Liabilities |
Balance as of December 31, 2023 | $ | 3,461 |  |  | $ | 3,461 |  |  | $ | 3,592 |  |  | $ | 2,448 |  |  | $ | 19,017 |  |  | $ | — |  |  | $ | 25,057 |
Acquisitions |  | — |  |  |  | — |  |  |  | 4,976 |  |  |  | 24,396 |  |  |  | — |  |  |  | — |  |  |  | 29,372 |
Changes in fair value included in earnings |  | (3,461 | ) |  |  | (3,461 | ) |  |  | 131 |  |  |  | 254 |  |  |  | 1,037 |  |  |  | 353 |  |  |  | 1,775 |
Payment of contingent consideration payable |  | — |  |  |  | — |  |  |  | (1,450 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,450 | )
Reclass of long term to short term contingent liabilities |  | — |  |  |  | — |  |  |  | (826 | ) |  |  | 826 |  |  |  | — |  |  |  | — |  |  |  | — |
Balance as of September 30, 2024 | $ | — |  |  | $ | — |  |  | $ | 6,423 |  |  | $ | 27,924 |  |  | $ | 20,054 |  |  | $ | 353 |  |  | $ | 54,754 |
Balance as of December 31, 2024 | $ | 1,544 |  |  | $ | 1,544 |  |  | $ | 26,872 |  |  | $ | 6,255 |  |  | $ | 20,224 |  |  | $ | — |  |  | $ | 53,351 |
Changes in fair value included in earnings |  | (1,544 | ) |  |  | (1,544 | ) |  |  | (231 | ) |  |  | 1,075 |  |  |  | (20,224 | ) |  |  | 286 |  |  |  | (19,094 | )
Payment of contingent consideration payable |  | — |  |  |  | — |  |  |  | (12,100 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12,100 | )
Reclass of long term to short term contingent liabilities |  | — |  |  |  | — |  |  |  | (480 | ) |  |  | 480 |  |  |  | — |  |  |  | — |  |  |  | — |
Measurement period adjustment |  | — |  |  |  | — |  |  |  | 1,548 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,548 |
Balance as of September 30, 2025 | $ | — |  |  | $ | — |  |  | $ | 15,609 |  |  | $ | 7,810 |  |  | $ | — |  |  | $ | 286 |  |  | $ | 23,705 |

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + 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 107 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-107 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 940 -SubTopic 820 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478119/940-820-50-1 + Details
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