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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Summary of Purchase Price Allocation | The purchase price was allocated on a preliminary basis as follows:
Cash paid directly to seller (1) | $ | 66,985 |
Equity consideration | 8,414 |
Equity consideration in escrow | 8,414 |
Contingent considerations (2) | 700 |
Total purchase consideration | $ | 84,513 |
Assets acquired: |
Cash | $ | 450 |
Accounts receivable | 10,611 |
Prepaid expenses and other current assets | 3,686 |
Property and equipment, net | 4,996 |
Identifiable intangible assets | 41,700 |
Other non-current assets | 10 |
Total identifiable assets acquired | 61,453 |
Liabilities assumed: |
Acquiree liabilities settled by the buyer in cash on close date (3) | 44,339 |
Accounts payable and accrued expenses | 4,630 |
Deferred revenue | 641 |
Total liabilities assumed | 49,610 |
Net assets acquired | 11,843 |
Goodwill | 72,670 |
Total consideration | $ | 84,513 |
(1) Includes a post-close net working capital and gross-up adjustment of $1,361 paid in the fourth quarter of 2025. (2) Comprised of the 2026 to 2028 gross profit earn-out payments of $3,425 net of purchase price final adjustment of $2,725 following the determination of Keystone’s final 2025 adjusted EBITDA. (3) Seller transaction expenses paid in cash by the Company at closing to third parties at the direction of the seller The purchase price was allocated as follows:
Property and equipment, net | $ | 18 |
Operating right-of-use asset | 137 |
Total identifiable assets acquired | 155 |
Operating lease liability | 137 |
Total liabilities assumed | 137 |
Net assets acquired | 18 |
Goodwill | 2,212 |
Total consideration | $ | 2,230 |
Summary of Preliminary Assessment of the Fair Value of Identified Intangible Assets | A preliminary assessment of the fair value of identified intangible assets and their respective lives as of the acquisition date are as follows:
| Estimated Useful Life |  | Fair Value
Customer list | 10 |  | $ | 31,900 |
Trademarks | 10 |  | 8,800 |
Developed technology | 3 |  | 1,000 |
Total identifiable intangible assets |  |  | $ | 41,700 |
Summary of Unaudited Pro Forma Information | The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the consolidated business had the Keystone acquisition actually occurred on January 1, 2024 or of the results of our future operations of the consolidated business.
|  |  | For the Years Ended
|  |  |  |  | December 31, 2025 |  | December 31, 2024 |
Reported revenue |  |  |  |  | $ | 197,141 |  |  | $ | 146,817 |  |
Impact of Keystone |  |  |  |  | 45,887 |  |  | 42,351 |  |
Pro forma revenue |  |  |  |  | $ | 243,028 |  |  | $ | 189,168 |  |
Reported loss from continuing operations before income taxes |  |  |  |  | $ | (20,066) |  |  | $ | (16,161) |  |
Impact of Keystone (1) |  |  |  |  | 4,064 |  |  | 326 |  |
Pro forma loss from continuing operations before income taxes |  |  |  |  | $ | (16,002) |  |  | $ | (15,835) |  |
(1) Includes $3,182 and $4,493 for the years ended December 31, 2025 and 2024, respectively, of amortization expense related to identifiable intangible assets recognized as part of the Keystone acquisition. Excludes, for the year ended December 31, 2025, $38,695 of transaction-related change-in-control bonuses and $3,044 of pre-acquisition profit-sharing arrangements, the transaction-related change-in-control bonuses were incurred by Keystone and funded with the acquisition proceeds. For the year ended December 31, 2024, excludes approximately $1,851 of pre-acquisition profit-sharing arrangements incurred by Keystone.

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