Quarterly report [Sections 13 or 15(d)]

Acquisitions (Tables)

v3.25.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the Company’s preliminary allocation of the purchase consideration to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Assets
Cash and cash equivalents $ 1,070 
Restricted cash 813 
Accounts and other receivables 4,194 
Prepaid expenses and other current assets 7,126 
Property and equipment, net 2,111 
Operating lease right-of-use assets 4,964 
Intangible assets 17,000 
Other non-current assets 438 
Goodwill 76,072 
Total assets $ 113,788 
Liabilities
Accounts payable $ 1,600 
Accrued expenses and other current liabilities 14,361 
Operating lease liabilities, current portion 2,882 
Operating lease liabilities, net of current portion 2,240 
Other non-current liabilities 318 
Total liabilities $ 21,401 
Total net assets acquired $ 92,387 
Business Combination, Intangible Asset, Acquired, Finite-Lived
The following table summarizes the preliminary estimated fair value and useful lives of intangible assets acquired (in thousands):
Estimated Useful Life
         (Years)		 Estimated Fair Value
Exclusive rights to air transportation services 10 $ 8,800 
Developed technology 2 6,200 
Customer relationships 2 1,000 
Trade name 2 1,000 
Total intangible assets $ 17,000