v3.25.3
Goodwill and Intangible Assets (FY) (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Indefinite-Lived Intangible Assets  
The following table summarizes intangible assets, net:

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2024 (Successor)
Intangible Asset
 
 
Weighted-Average
Amortization
Period (years)
 
 
Gross Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Carrying
Amount
Trade names
 
 
16.0
 
 
17,800
 
 
(277)
 
 
17,523
Customer relationships
 
 
3.0
 
 
4,600
 
 
(382)
 
 
4,218
Developed technology
 
 
9.1
 
 
165,100
 
 
(4,718)
 
 
160,382
Other finite-lived intangible assets
 
 
3.0
 
 
30
 
 
—
 
 
30
Total intangible assets
 
 
 
 
 
$187,530
 
 
$(5,377)
 
 
$182,153
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Definite-Lived Intangible Assets
Other intangible assets, net

 
 
 
 
 
 
 
 
 
 
June 30, 2025
 
 
December 31, 2024
Intangible Asset
 
 
Weighted-Average
Amortization Period
Remaining (Years)
 
 
Gross Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Carrying
Amount
 
 
Gross Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Carrying
Amount
Trade names
 
 
15.3
 
 
17,800
 
 
(833)
 
 
16,967
 
 
17,800
 
 
$(277)
 
 
$17,523
Customer relationships
 
 
2.3
 
 
4,600
 
 
(1,149)
 
 
3,451
 
 
4,600
 
 
$(382)
 
 
$4,218
Developed technology
 
 
8.5
 
 
165,100
 
 
(14,198)
 
 
150,902
 
 
165,100
 
 
$(4,718)
 
 
$160,382
Other finite-lived intangible assets
 
 
2.4
 
 
30
 
 
(5)
 
 
25
 
 
30
 
 
—
 
 
$30
Total intangible assets
 
 
 
 
 
$187,530
 
 
$(16,185)
 
 
$171,345
 
 
$187,530
 
 
$(5,377)
 
 
$182,153
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes intangible assets, net:

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2024 (Successor)
Intangible Asset
 
 
Weighted-Average
Amortization
Period (years)
 
 
Gross Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Carrying
Amount
Trade names
 
 
16.0
 
 
17,800
 
 
(277)
 
 
17,523
Customer relationships
 
 
3.0
 
 
4,600
 
 
(382)
 
 
4,218
Developed technology
 
 
9.1
 
 
165,100
 
 
(4,718)
 
 
160,382
Other finite-lived intangible assets
 
 
3.0
 
 
30
 
 
—
 
 
30
Total intangible assets
 
 
 
 
 
$187,530
 
 
$(5,377)
 
 
$182,153
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Estimated Future Amortization Expense
Estimated future amortization expense is as follows:

 
 
 
 
 
 
 
Amortization Expense
2025 (excluding the first six months of fiscal year 2025)
 
 
$10,808
2026
 
 
21,616
2027
 
 
21,234
2028
 
 
20,073
2029
 
 
18,853
2030 and thereafter
 
 
78,761
Total
 
 
$171,345
 
 
 
 
Estimated future amortization expense is as follows:

 
 
 
 
 
 
 
Amortization
Expense
2025
 
 
$21,616
2026
 
 
21,616
2027
 
 
21,234
2028
 
 
20,073
2029
 
 
18,853
Thereafter
 
 
78,761
Total
 
 
$182,153