Fair value measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

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, 2024	(in thousands)
Assets
Cash and cash equivalents	$	31,846	$	—	$	—	$	31,846
Investments in marketable securities, current	—		95,948		—		95,948
Investments in marketable securities, non-current	—		2,964		—		2,964
Total	$	31,846	$	98,912	$	—	$	130,758
Liabilities
Contingent consideration	—		—		8,335		8,335
Total	$	—	$	—	$	8,335	$	8,335

	Level 1		Level 2		Level 3		Total
As of December 31, 2023	(in thousands)
Assets
Cash and cash equivalents	$	26,285	$	—	$	—	$	26,285
Investments in marketable securities, current	—		99,718		—		99,718
Investments in marketable securities, non-current	—		6,284		—		6,284
Total	$	26,285	$	106,002	$	—	$	132,287
Liabilities
Contingent consideration	—		—		7,600		7,600
Total	$	—	$	—	$	7,600	$	7,600

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, 2024	$	7,600	$	735	$	8,335
Nine Months Ended September 30, 2023	$	7,531	$	(158)	$	7,373