| Summary of Intangible Assets |
The following table summarizes intangible assets as of March 31, 2026 and December 31, 2025 (in thousands):
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March 31, 2026 |
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December 31, 2025 |
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|
Gross
Amount |
|
|
Accumulated Amortization |
|
|
Net |
|
|
Gross
Amount |
|
|
Accumulated Amortization |
|
|
Net |
|
Customer relationships |
|
$ |
254,550 |
|
|
$ |
57,697 |
|
|
$ |
196,853 |
|
|
$ |
254,550 |
|
|
$ |
48,722 |
|
|
$ |
205,828 |
|
Licensed data |
|
|
28,601 |
|
|
|
23,929 |
|
|
|
4,672 |
|
|
|
28,601 |
|
|
|
22,954 |
|
|
|
5,647 |
|
Website domain |
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|
19 |
|
|
|
— |
|
|
|
19 |
|
|
|
19 |
|
|
|
— |
|
|
|
19 |
|
Trade names |
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|
41,000 |
|
|
|
10,357 |
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|
|
30,643 |
|
|
|
41,000 |
|
|
|
8,892 |
|
|
|
32,108 |
|
Developed technology - biotech |
|
|
114,000 |
|
|
|
26,600 |
|
|
|
87,400 |
|
|
|
114,000 |
|
|
|
20,900 |
|
|
|
93,100 |
|
Developed technology - software |
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|
18,000 |
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|
|
7,000 |
|
|
|
11,000 |
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|
|
18,000 |
|
|
|
5,500 |
|
|
|
12,500 |
|
|
|
$ |
456,170 |
|
|
$ |
125,583 |
|
|
$ |
330,587 |
|
|
$ |
456,170 |
|
|
$ |
106,968 |
|
|
$ |
349,202 |
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|
| Summary of Estimated Future Amortization Expense Related to Intangible Assets |
As of March 31, 2026, the estimated future amortization expense related to intangible assets is as follows (in thousands):
|
|
|
|
4/1/2026 - 12/31/2026 |
|
55,695 |
|
2027 |
|
69,217 |
|
2028 |
|
62,874 |
|
2029 |
|
61,232 |
|
2030 |
|
40,228 |
|
2031 |
|
38,143 |
|
Thereafter |
|
3,179 |
|
Total |
$ |
330,568 |
|
|
| Summary of Capitalized Software |
The following summarizes capitalized software, net as of March 31, 2026 and December 31, 2025 (in thousands):
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|
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|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Capitalized software, gross |
|
|
9,805 |
|
|
|
6,216 |
|
Less: accumulated amortization |
|
|
(300 |
) |
|
|
(165 |
) |
Capitalized software, net |
|
$ |
9,505 |
|
|
$ |
6,051 |
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|