v3.25.4
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill represents the excess of purchase price and related costs over the value assigned to net tangible and identifiable intangible assets acquired in business combinations.
The carrying amount of goodwill as of December 31, 2025, 2024, and 2023 was $3.2 billion
Intangible Assets, Net
The following tables present details of our intangible assets, excluding goodwill (in thousands, except for weighted-average useful life):
As of December 31, 2025
Weighted-Average
Useful Life
(1)
(In Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Developed technology2.2$1,170,736 $(655,282)$515,454 
Customer relationships0.9570,000 (449,055)120,945 
Trademark0.954,400 (40,255)14,145 
Total intangible assets1.9$1,795,136 $(1,144,592)$650,544 
As of December 31, 2024
Weighted-Average
Useful Life
(1)
(In Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Developed technology5.1$1,233,046 $(473,303)$759,743 
Customer relationships1.9593,240 (327,320)265,920 
Trademark2.3106,100 (65,528)40,572 
Total intangible assets4.2$1,932,386 $(866,151)$1,066,235 
(1)    Based on weighted-average useful life remaining.
The following table presents the amortization of finite-lived intangible assets included on our consolidated statements of operations (in thousands):
Year Ended December 31,
202520242023
Amortization expense$418,691 $353,371 $515,489 
As of December 31, 2025, the estimated future amortization of finite-lived intangible assets was as follows (in thousands):
2026$435,109 
2027122,543 
202892,892 
2029— 
2030— 
Thereafter— 
Total$650,544