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Sponsor Earn-Out Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of key inputs into the Monte Carlo simulation model for the Sponsor Earn-Out liability

December 31, 2025

December 31, 2024

Expected term (in years)

5.7

5.9

Risk free rate

3.77%

4.38%

Expected volatility

100.0%

95.0%

Expected dividends

0%

0%

Stock price

$

1.80

$

2.19

 

Schedule of the reconciliation of fair value measurement of liabilities using significant unobservable inputs

The following table presents a reconciliation of the deferred consideration liability:

(in thousands)

Balance as of December 31, 2024

$

Additions during the year

11,698

Payments during the year

(3,357)

Change in fair value

 

205

Foreign exchange impact

224

Balance as of December 31, 2025

$

8,770

 

The following table provides a reconciliation of the beginning and ending balances for the Sponsor Earn-Out liabilities:

(in thousands)

Balance as of December 31, 2023

$

4,166

Change in fair value

5,306

Balance as of December 31, 2024

9,472

Change in fair value

  ​

(1,677)

Balance as of December 31, 2025

$

7,795