| Schedule of Amortization expense |
Amortization expense included in the condensed consolidated statements of operations was as follows (in thousands):
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2025 |
|
2024 |
|
Cost of revenue |
$ |
5,638 |
|
$ |
4,029 |
|
Research and development |
|
2,788 |
|
|
2,282 |
|
Total |
$ |
8,426 |
|
$ |
6,311 |
|
|
| Summary of Intangible Assets |
Intangible assets, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Weighted-
Average
Useful Life
(Years) |
|
Technology |
$ |
21,802 |
|
$ |
(19,736 |
) |
$ |
2,066 |
|
|
4.0 |
|
Customer relationship |
|
31,951 |
|
|
(17,512 |
) |
|
14,439 |
|
|
8.0 |
|
Software and license |
|
2,813 |
|
|
(2,813 |
) |
|
— |
|
|
3.0 |
|
Trademark |
|
4,038 |
|
|
(3,605 |
) |
|
433 |
|
|
4.0 |
|
Total |
$ |
60,604 |
|
$ |
(43,666 |
) |
$ |
16,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Weighted-
Average
Useful Life
(Years) |
|
Technology |
$ |
21,798 |
|
$ |
(18,675 |
) |
$ |
3,123 |
|
|
4.0 |
|
Customer relationship |
|
31,946 |
|
|
(16,689 |
) |
|
15,257 |
|
|
8.0 |
|
Software and license |
|
2,797 |
|
|
(2,789 |
) |
|
8 |
|
|
3.0 |
|
Trademark |
|
4,038 |
|
|
(3,350 |
) |
|
688 |
|
|
4.0 |
|
Total |
$ |
60,579 |
|
$ |
(41,503 |
) |
$ |
19,076 |
|
|
|
|
| Schedule of Expected Future Amortization Expense |
As of March 31, 2025, future expected amortization expense is as follows (in thousands):
|
|
|
|
Years Ending December 31, |
|
|
2025 |
$ |
4,951 |
|
2026 |
|
3,269 |
|
2027 |
|
3,269 |
|
2028 |
|
3,269 |
|
2029 |
|
2,180 |
|
Total future amortization expense |
$ |
16,938 |
|
|