FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Fair Value for Financial Assets and Liabilities

The following table presents the Company’s fair value hierarchy for financial liabilities as of September 30, 2025 (in thousands):


	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	30,903	$	30,903

Total	$	—	$	—	$	30,903	$	30,903

The following table presents the Company’s fair value hierarchy for financial liabilities as of December 31, 2024 (in thousands):


	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liability	$	—	$	—	$	10,208	$	10,208

Total	$	—	$	—	$	10,208	$	10,208

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3) (in thousands):


	Fair Value Measurements Using Significant Unobservable Inputs
Balance at December 31, 2024	$	10,208
Fair value adjustment	20,695
Balance at September 30, 2025	$	30,903

Navitas Semiconductor Corp 10-Q