v3.26.1
Goodwill and intangible assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
Goodwill and intangible assets consisted of:
As of
March 31, 2026December 31, 2025
(in thousands)Useful
life
(months)
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships
84 - 120
$25,040 $(22,300)$2,740 $25,040 $(21,830)$3,210 
Non-compete agreements60303 (303)— 303 (303)— 
Trademarks, trade names, and domain names
60 - 120
1,624 (1,251)373 1,624 (1,244)380 
Intangible assets$26,967 $(23,854)$3,113 $26,967 $(23,377)$3,590 
GoodwillIndefinite$47,739 $— $47,739 $47,739 $— $47,739 
Amortization expense related to intangible assets was $0.5 million and $1.4 million for the three months ended March 31, 2026 and 2025, respectively. During the three months ended March 31, 2025, the Company recognized a charge of $13.4 million related to the write-off of customer relationships and trademarks, trade names, and domain names acquired as part of the acquisition of Customer Helper Team, LLC as the Company did not intend to use or expect any future economic benefits from these intangible assets. The Company has no accumulated impairment of goodwill.
The following table presents the changes in goodwill and intangible assets:
As of
March 31, 2026December 31, 2025
(in thousands)GoodwillIntangible
assets
GoodwillIntangible
assets
Beginning balance at January 1,$47,739 $3,590 $47,739 $19,985 
Additions to goodwill and intangible assets— — — — 
Amortization— (477)— (2,979)
Write-off of intangible assets— — — (13,416)
Ending balance$47,739 $3,113 $47,739 $3,590 
As of March 31, 2026, future amortization expense relating to identifiable intangible assets with estimable useful lives over the next five years was as follows:
(in thousands)Amortization expense
2026–Remaining Period$1,434 
20271,364 
202837 
202940 
203043 
Thereafter195 
$3,113