Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table presents the fair value and hierarchical levels, for financial assets that are measured at fair value on a recurring basis (in thousands):


Level 3	December 31, 2025		December 31, 2024
Purchase price contingent consideration (Note 2):
Accrued contingent consideration (earn-out)	$	5,250	$	10,239
Present value of non-competition payments	5,001		6,871
Total contingent consideration	$	10,251	$	17,110

Schedule of Business Combination, Contingent Consideration

The following table presents the changes in the estimated fair values of the Company’s liabilities for contingent consideration measured using significant unobservable inputs (Level 3) (in thousands):


December 31, 2023	$	21,570
Fair value of earnouts from acquisitions	1,191
Fair value measurement adjustments	1,155
Payments	(6,806)
December 31, 2024	$	17,110
Fair value measurement adjustments	418
Payments	(7,277)
December 31, 2025	$	10,251

UFP TECHNOLOGIES INC 10-K