Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Fair Value, Liabilities Measured on Recurring Basis

The following tables present the Company's financial assets and liabilities that are measured at estimated fair value on a recurring basis as of September 30, 2025, and December 31, 2024:


	Fair value measurements as of September 30, 2025
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents:
Money market funds	126		126		—		—
Total	126		126		—		—
Available-for-sale marketable securities:

U.S. government agencies securities	3,528		—		3,528		—
Total	3,528		—		3,528		—
Total	$	3,654	$	126	$	3,528	$	—
Liabilities:
Contingent consideration	1,716		—		—		1,716
Total	$	1,716	$	—	$	—	$	1,716

	Fair value measurements as of December 31, 2024
	(in thousands)
	Carrying value		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents:
Money market funds	13,144		13,144		—		—
Total	13,144		13,144		—		—
Available-for-sale marketable securities:
U.S. treasury securities	27,237		—		27,237		—
U.S. government agencies securities	40,619		—		40,619		—
Total	67,856		—		67,856		—
Total	$	81,000	$	13,144	$	67,856	$	—
Liabilities:
Contingent consideration	11		—		—		11
Total	$	11	$	—	$	—	$	11

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

The following is a reconciliation of changes in the liability related to contingent consideration during the nine months ended September 30, 2025 and 2024:


	Nine Months Ended September 30,
	2025		2024
	(in thousands)
Fair value as of January 1,	$	11	$	112
Change in fair value	69		(18)
Earn-out payments	(46)		(74)
Acquisitions	1,682		—
Fair value as of September 30,	$	1,716	$	20

Silvaco Group, Inc. 10-Q