v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
6. Goodwill and Intangible Assets
Goodwill
The following table represents the changes to goodwill during the six months ended June 30, 2025 (in thousands):
 Carrying Amount
Balance as of December 31, 2024
$141,688 
Foreign currency translation adjustments922 
Balance as of June 30, 2025
$142,610 
There are no accumulated impairment losses for any period presented.
Intangible Assets
The following tables present details of the Company’s finite-lived intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):
As of June 30, 2025
Gross Carrying Amount
Accumulated Amortization
Net Carrying
Amount
Developed technology$75,291 $(61,623)$13,668 
Patents14,200 (2,900)11,300 
Assembled workforce10,000 (10,000)— 
Trade name500 (383)117 
Total intangible assets$99,991 $(74,906)$25,085 
As of December 31, 2024
Gross Carrying Amount
Accumulated Amortization
Net Carrying
Amount
Developed technology$75,291 $(54,348)$20,943 
Patents14,200 (2,150)12,050 
Assembled workforce10,000 (9,750)250 
Trade name500 (333)167 
Total intangible assets$99,991 $(66,581)$33,410 
The above tables do not include $0.7 million of indefinite lived intangible assets as of June 30, 2025 and December 31, 2024.
Amortization expense related to our finite-lived intangible assets was $4.1 million and $8.3 million for the three and six months ended June 30, 2025, respectively, and $5.0 million and $10.1 million for the three and six months ended June 30, 2024, respectively.
Expected future amortization expenses related to the Company’s finite-lived intangible assets as of June 30, 2025 are as follows (in thousands):
Year ending December 31:
Remainder of 2025$7,369 
20266,660 
20273,096 
20281,910 
20291,500 
Thereafter4,550 
Total remaining amortization expense$25,085