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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Liabilities Measured at Fair Value
The following table sets forth our liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy:
Fair Value at December 31, 2023
Level 1Level 2Level 3Total
Liabilities:
Earn-out liability$— $— $20,810 $20,810 
Summary of Significant Assumptions to Determine Fair Value The following table sets forth the range of inputs for the significant assumptions utilized to determine the fair value of the earn-out payment as of December 31, 2023:
December 31, 2023
Risk-free interest rate5.40%to5.63%
Expected revenue volatility21.70%
Revenue discount rate10.02%to10.23%
Credit discount rate9.85%
Summary of Changes in Fair Value
The following table presents a summary of the changes in fair value of our earn-out liability measured using Level 3 inputs:
Opening balance at February 28, 2023$5,960 
Changes in fair value14,850 
Balance at December 31, 2023$20,810