Fair value measurements (Tables)

9 Months Ended

Sep. 30, 2023

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques used to determine such fair value:


	Level 1		Level 2		Level 3		Total
As of September 30, 2023	(in thousands)
Assets
Cash and cash equivalents	$	17,531	$	—	$	—	$	17,531
Investments in marketable securities, current	—		116,649		—		116,649
Investments in marketable securities, non-current	—		10,496		—		10,496
Total	$	17,531	$	127,145	$	—	$	144,676
Liabilities

Contingent consideration	—		—		7,373		7,373
Total	$	—	$	—	$	7,373	$	7,373


	Level 1		Level 2		Level 3		Total
As of December 31, 2022	(in thousands)
Assets
Cash and cash equivalents	$	30,776	$	—	$	—	$	30,776
Investments in marketable securities, current	—		116,137		—		116,137
Investments in marketable securities, non-current	—		37,363		—		37,363
Total	$	30,776	$	153,500	$	—	$	184,276
Liabilities

Contingent consideration	—		—		7,531		7,531
Total	$	—	$	—	$	7,531	$	7,531

Schedule of changes in fair value of contingent consideration

The following table presents the changes in fair value of the Company’s contingent consideration:


	Liability at beginning of the period		Change in fair value of liability		Liability at end of the period
	(in thousands)
Nine Months Ended September 30, 2023	$	7,531	$	(158)	$	7,373
Nine Months Ended September 30, 2022	$	5,298	$	624	$	5,922