The following table details the changes in goodwill during the six months ended June 30, 2025 and fiscal year ended December 31, 2024 (in thousands):


	Carrying Amount
Balance as of December 31, 2023	$	27,106
Foreign currency translation adjustments	(1,551)
Balance as of December 31, 2024	25,555
Foreign currency translation adjustments	3,208
Balance as of June 30, 2025	$	28,763

Intangible assets, net consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):


	As of
	June 30, 2025		December 31, 2024
Developed technology	$	7,524	$	6,685
Customer relationships	1,008		896

Intangible assets, gross	8,532		7,581
Less: accumulated amortization	(6,650)		(5,341)
Intangible assets, net	$	1,882	$	2,240

Intangible amortization expense was $0.3 million and $0.6 million for the three and six months ended June 30, 2025, respectively. Intangible amortization expense was $0.4 million and $0.7 million for the three and six months ended June 30, 2024, respectively. As of June 30, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 1.2 years and 5.8 years, respectively.

The following table shows the projected annual amortization expense related to amortizable intangible assets as of June 30, 2025 (in thousands):


	Projected Amortization
2025 (excluding the six months ended June 30, 2025)	$	639
2026	822
2027	101
2028	101
2029	101

Thereafter	118
Total projected amortization expense	$	1,882