Intangible assets, net

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net consisted of the following:


	Estimated Useful Life	As of
		June 30, 2025		December 31, 2024
	(in years)	(in thousands)
Customer relationships	8-12	$	54,212	$	52,664
Trade names	2-10	7,037		6,904
Acquired software	2.5	995		995
Non-compete agreements	2	584		584
		$	62,828	$	61,147
Less: Accumulated amortization		(17,229)		(13,229)
Intangible assets, net		$	45,599	$	47,918

Based on the carrying value of the Company’s existing intangible assets as of June 30, 2025, the estimated amortization expense for the future years is as follows:


	Amount
	(in thousands)
2025 (excluding six months ended June 30, 2025)	$	3,695
2026	7,142
2027	6,553
2028	6,404
2029	5,898
Thereafter	15,907
Total	$	45,599