Business Combinations

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combinations

Business Combinations

On November 14, 2025, the Company acquired all outstanding shares of Stytch, Inc. (“Stytch”), an identity platform for AI agents based in San Francisco, California, for a purchase price of $104.1 million paid in cash, or $58.5 million net of cash acquired.

The acquisition was accounted for as a business combination and the total preliminary purchase price of $104.1 million was allocated to the net tangible and intangible assets and liabilities based on their fair values on the acquisition date with the excess recorded as goodwill. The acquired entities' results of operations have been included in the consolidated financial statements of the Company from the date of acquisition.

The following table presents the preliminary purchase price allocation:

	Total
	(In thousands)
Cash and cash equivalents	$	45,565
Other tangible assets and liabilities, net	(1,844)
Intangible assets (1)	11,833
Goodwill	48,507
Total preliminary purchase price	$	104,061
Less: cash and cash equivalents acquired	(45,565)
Total preliminary purchase price, net of cash acquired	$	58,496

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(1) Identifiable intangible assets were comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	9,864	5
Customer relationships	1,969		4
Total intangible assets acquired	$	11,833