Acquisitions and Equity Investments (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

Summary of Purchase Price Allocation

The following table sets forth the components and the allocation of the purchase price for the business combination and summarizes the fair values of the assets acquired and liabilities assumed at the Acquisition Date and the purchase price adjustments recorded:

	Preliminary			Purchase Price Adjustments			Adjusted
Previously held interests in RFQ-hub:
Carrying value of previously held interest	$	34,878		$	—		$	34,878
Fair value of previously held interest on Acquisition Date		34,321			(455	)		33,866
Loss on remeasurement of previously held interest		(557	)		(455	)		(1,012	)
Purchase price allocation:
Cash consideration at closing	$	38,069		$	—		$	38,069
Fair value of previously held interest on Acquisition Date		34,321			(455	)		33,866
Fair value of remaining noncontrolling interests on Acquisition Date		13,755			(3,390	)		10,365
Total purchase price		86,145			(3,845	)		82,300
Acquired cash		(1,554	)		—			(1,554	)
Purchase price, net of acquired cash		84,591			(3,845	)		80,746
Intangible assets		(30,300	)		100			(30,200	)
Accounts receivable		(4,333	)		—			(4,333	)
Prepaid expenses and other assets		(2,466	)		1,392			(1,074	)
Accounts payable, accrued expenses and other liabilities		1,822			—			1,822
Goodwill	$	49,314		$	(2,353	)	$	46,961

Summary of Fair Value of Acquired Intangible Assets

The fair values of the intangible assets acquired are as follows:

	Costs (in thousands)		Useful Lives
Developed technology	$	16,900	5 years
Customer relationships		12,600	15 years
Tradename - finite life		700	10 years
Total	$	30,200

Summary of the Changes in Redeemable Noncontrolling Interest

The following table is a summary of the changes in redeemable noncontrolling interest for the year ended December 31, 2025:

	(In thousands)
Balance at December 31, 2024	$	—
Redeemable noncontrolling interests assumed through the 2025 RFQ-hub Acquisition		10,365
Net income attributable to noncontrolling interests		285
Issuance of noncontrolling interests		1,942
Balance at December 31, 2025	$	12,592