Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

Note 11. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	As of December 31,
	2025		2024
Accrued professional services	$	2,766	$	4,897
Accrued royalties	1,784		1,361
Accrued tax liabilities	1,125		1,018
Acquisition holdback (1)	1,000		—
Off-market liability (2)	6,869		—
Other accrued expenses	4,027		1,575
Total accrued expenses and other current liabilities	$	17,571	$	8,851

(1)Represents the holdback associated with the Emission acquisition. Refer to Note 3 - Acquisitions.

(2)Represents the current portion of an off-market component of an acquired customer contract in the acquisition of Akoya. Refer to Note 3 - Acquisitions.