Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments measured on a recurring basis

The fair value of financial instruments measured on a recurring basis is as follows:

	September 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents - money market funds	$	241,301	$	—	$	—	$	241,301
Liabilities:
Contingent consideration	$	—	$	—	$	91,111	$	91,111

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents - money market funds	$	251,768	$	—	$	—	$	251,768
Liabilities:
Contingent consideration	$	—	$	—	$	79,707	$	79,707

Schedule of changes in fair value of contingent consideration liabilities

The fair value of the contingent consideration liabilities is marked-to-market each reporting period and was remeasured at September 30, 2024. Changes in fair value of the contingent consideration liabilities as of September 30, 2024 are as follows:

	Contingent consideration
Balance at December 31, 2023	$	79,707
Adjustment to fair value		17,139
Payments		(5,735	)
Balance at September 30, 2024 (Level 3)	$	91,111

Schedule of fair value measurements of contingent consideration recurring include significant unobservable inputs

The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:

			As of September 30, 2024	As of December 31, 2023
	Valuation methodology	Significant unobservable input	Weighted average (range, if applicable)	Weighted average (range, if applicable)
Contingent consideration	Probability weighted income approach	Discount rate	12.9%	13.2%
		Revenue discount rate	17.8% - 20.8%	16.4% - 19.4%