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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] |
Schedule of Business Combination, Consideration Transferred, Equity Interest | The following table presents the fair value of the consideration transferred for the Merger as of the Akoya Closing Date (in thousands, except for exchange ratio and stock price):
Total Akoya common stock and equity instruments outstanding as of July 7, 2025 to be converted | 51,136 |
Exchange ratio | 0.147 |
Total shares of Quanterix common stock to be issued | 7,517 |
Quanterix stock price per share as of the Akoya Closing Date | $ | 6.54 |
Fair value of Akoya common stock and equity instruments converted to Quanterix common stock | $ | 49,161 |
Cash consideration paid (1) | $ | 18,942 |
Cash paid for debt extinguishment (2) | $ | 82,131 |
Fair value of replacement equity awards attributable to pre-acquisition service (3) | $ | 739 |
Total fair value of consideration transferred | $ | 150,973 |
(1) Represents cash consideration paid to Akoya stockholders, including fractional shares, of $0.37 per share of Akoya common stock. (2) Represents the repayment of Akoya’s long-term debt upon closing of the acquisition, including $7.0 million of early termination, legal, and prepayment fees. (3) Represents the fair value of certain equity-based awards held by Akoya employees prior to the acquisition date that have been replaced with Quanterix equity-based awards. The portion of these awards that relates to services performed prior to the acquisition date are included within the purchase price.
Schedule the Preliminary Allocation of the Purchase Price | The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
| As of September 30, 2025 |  | Measurement Period Adjustments (1) |  | As of December 31, 2025
Assets: |  |  |  |  |
Cash and cash equivalents | $ | 16,108 |  |  | $ | — |  |  | $ | 16,108 |
Accounts receivable, net of allowance for expected credit losses | 8,616 |  |  | — |  |  | 8,616 |
Inventory | 25,800 |  |  | — |  |  | 25,800 |
Prepaid expenses and other assets | 5,483 |  |  | — |  |  | 5,483 |
Property and equipment, net | 12,087 |  |  | — |  |  | 12,087 |
Intangible assets | 121,800 |  |  | — |  |  | 121,800 |
Goodwill (2) | 23,460 |  |  | 2,916 |  |  | 26,376 |
Operating lease right-of-use assets | 4,585 |  |  | — |  |  | 4,585 |
Finance lease right-of-use assets | 1,041 |  |  | — |  |  | 1,041 |
Total assets acquired | 218,980 |  |  | 2,916 |  |  | 221,896 |
Liabilities: |  |  |  |  |
Accounts payable | 8,266 |  |  | — |  |  | 8,266 |
Accrued expenses and other liabilities | 34,206 |  |  | 2,916 |  |  | 37,122 |
Deferred revenue | 18,879 |  |  | — |  |  | 18,879 |
Operating lease liabilities | 5,616 |  |  | — |  |  | 5,616 |
Finance lease liabilities | 1,040 |  |  | — |  |  | 1,040 |
Total liabilities assumed | 68,007 |  |  | 2,916 |  |  | 70,923 |
Net assets acquired | $ | 150,973 |  |  | $ | — |  |  | $ | 150,973 |
(1)The Company recorded a measurement period adjustment resulting from new information obtained related to an off-market liability and related tax impacts. (2)Goodwill represents the estimated fair value of the expected synergies from combining Akoya with Quanterix, as well as the value of the acquired workforce. The goodwill is not deductible for income tax purposes and has been fully assigned to the Akoya reporting unit. The following table summarizes the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Assets: |
Cash and cash equivalents | $ | 43 |
Accounts receivable, net of allowance for expected credit losses | 49 |
Inventory | 307 |
Intangible asset (1) | 12,900 |
Goodwill (2) | 6,374 |
Total assets acquired | 19,673 |
Liabilities: |
Accounts payable | 57 |
Deferred tax liability (3) | 3,007 |
Total liabilities assumed | 3,064 |
Net assets acquired | $ | 16,609 |
(1)The acquired intangible asset is finite-lived, represents developed technology, and has an estimated useful life of 14 years. The determination of the fair value of the definite-lived intangible asset required management judgment and the consideration of a number of factors. In determining the fair value, management primarily relied on a multi-period excess earnings valuation methodology. This methodology required the use of estimates including: projected revenues related to the particular asset, its obsolescence rate, royalty, margin, and discount rates, and certain published or readily available industry benchmark data. In establishing the estimated useful life of the acquired intangible asset, the Company relied primarily on the duration of the cash flows utilized in the valuation model. (2)Goodwill represents the estimated fair value of the expected synergies from combining Emission with Quanterix, as well as the value of the acquired workforce. The goodwill is not deductible for income tax purposes. During the second quarter of 2025 the Company recorded an impairment charge related to this goodwill (refer to Note 4 - Goodwill & Intangible Assets). (3)Recorded in other non-current liabilities on the Consolidated Balance Sheets.
Schedule Of Business Combination, Intangible Asset, Acquired | The preliminary fair value of the intangible assets acquired as of the acquisition date was as follows (in thousands):
| Preliminary Fair Value
Definite-lived intangible assets: |
Developed technology | $ | 99,600 |
Customer relationships | 2,900 |
Total definite-lived intangible assets | 102,500 |
Indefinite-lived intangible assets: |
In process research and development | 19,300 |
Total intangible assets | $ | 121,800 |
Schedule Of Business Combination, Pro Forma Information | The unaudited pro forma financial information presented below was derived from historical financial records of Quanterix and Akoya and presents the operating results for the periods presented as if the acquisition occurred on January 1, 2024 (in thousands):
| Year Ended December 31,
| 2025 |  | 2024
Revenues | $ | 174,269 |  |  | $ | 216,145 |
Net loss | $ | (135,454) |  |  | $ | (96,919) |
Schedule of Fair Value of the Aggregate Consideration Paid or Payable | The following table summarizes the fair value of the aggregate consideration paid or payable for Emission as of the Emission Closing Date (in thousands):
Cash paid (1) | $ | 8,997 |
Holdback (2) | 1,000 |
Contingent consideration (3) | 6,612 |
Total fair value of consideration transferred | $ | 16,609 |
(1)Cash paid represents the contractual amount paid on the Emission Closing Date. Cash acquired was not material. (2)The holdback is expected to be paid during the first quarter of 2026 and is subject to applicable adjustments. (3)The acquisition includes contingent consideration discussed in the section titled "Contingent Payments".

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