Business Acquisition (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination [Abstract]

Schedule of Business Acquisitions by Acquisition

The acquisition date fair value of the consideration transferred consisted of the following (in thousands):

Cash consideration	$	420,642
Fair value of common stock issued		250,441
Fair value of option holdback		3,184
Total acquisition date fair value of the consideration transferred	$	674,267

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the consideration to the fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

Assets acquired:
Current assets	$	11,250
Intangible assets		167,900
Other non-current assets		8,935
Total assets acquired		188,085
Liabilities assumed:
Deferred revenue		21,461
Other current liabilities		3,976
Deferred tax liabilities		16,916
Non-current liabilities		10,238
Total liabilities assumed		52,591
Net assets acquired		135,494
Goodwill		538,773
Total purchase price	$	674,267

Summary of Fair Values Discount Rates and Estimated Useful Lives of Acquired Intangible Assets

A summary of the fair values, discount rates and estimated useful lives of the acquired intangible assets is as follows (dollars in thousands):

Intangible Asset	Fair Value		Discount Rate	Estimated Useful Life
Acquired technology	$	134,300	12.0%	8 years
Customer relationships		32,300	11.5%	16 years
Trademark		1,300	11.5%	5 years