Intangible assets, net (Tables)

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

Schedule of estimated amortization expense

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