Merger, Acquisition, and Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes merger, acquisition, and restructuring cost activity in the year ended December 31, 2023:


	Year Ended
	December 31, 2023
	(in thousands)
Personnel related (severance and one-time termination benefit costs)	$	3,218
Loss contracts (facility related)	2,190
Exit costs	1,408
Impairment of property and equipment, net	506
Non-cash stock-based compensation (double trigger acceleration and severance)	143

Professional services (investment banking advisory, legal and other professional services)	—
Total merger, acquisition, and restructuring costs	$	7,465

The following table summarizes accrued restructuring activity in the year ended December 31, 2023:


	Year Ended
	December 31, 2023
	(in thousands)
Accrued merger, acquisition, and restructuring costs at beginning of period	$	1,222
Personnel related and non-cash stock-based compensation	3,361
Loss contracts (facility related)	2,190
Exit costs	1,408
Impairment of property and equipment, net	506

Cash paid for restructuring costs	(4,521)
Non-cash loss contracts (lease related)	(2,190)
Non-cash impairments	(506)
Non-cash stock-based compensation	(143)
Accrued merger, acquisition, and restructuring costs at end of period	$	1,327

MAGNITE, INC. 10-K