v3.25.4
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and intangible assets

Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. There were no changes to the carrying amount of goodwill during fiscal 2025.

Goodwill amounts are not amortized but tested for impairment on an annual basis. There was no impairment of goodwill as of December 31, 2025 and 2024.

Intangible assets are amortized on a straight-line basis over the useful life. Intangible assets amortization was $8.5 million, $9.7 million and $8.4 million for the years ended December 31, 2025, 2024, and 2023, respectively. There was no impairment of intangible assets as of December 31, 2025 and 2024.

Intangible assets consist of the following:

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

 

(in thousands)

 

Gross amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

Gross amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

Weighted average remaining useful life as of December 31, 2025 (in years)

 

Acquired developed technology

 

$

7,030

 

 

$

(3,255

)

 

$

3,775

 

 

$

18,824

 

 

$

(11,968

)

 

$

6,856

 

 

 

2.8

 

Customer relationships

 

 

23,725

 

 

 

(18,557

)

 

 

5,168

 

 

 

23,725

 

 

 

(14,171

)

 

 

9,554

 

 

 

1.5

 

Tradename

 

 

2,560

 

 

 

(2,232

)

 

 

328

 

 

 

2,560

 

 

 

(1,720

)

 

 

840

 

 

 

0.9

 

Website domain name

 

 

2,444

 

 

 

(429

)

 

 

2,015

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

4.1

 

Other intangibles

 

 

0

 

 

 

0

 

 

 

0

 

 

 

200

 

 

 

(133

)

 

 

67

 

 

 

0.0

 

Total intangible assets

 

$

35,759

 

 

$

(24,473

)

 

$

11,286

 

 

$

45,309

 

 

$

(27,992

)

 

$

17,317

 

 

 

 

 

As of December 31, 2025, expected amortization expense for intangible assets was as follows:

(in thousands)

 

December 31, 2025

 

2026

 

$

5,589

 

2027

 

 

3,544

 

2028

 

 

1,604

 

2029

 

 

489

 

Thereafter

 

 

60

 

Total

 

$

11,286