v3.26.1
Goodwill and Intangible Assets, net
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net Goodwill and Intangible Assets, net
Goodwill
Goodwill consisted of the following:
Balance as of December 31, 2025
$154,706 
Foreign currency adjustment
(744)
Balance as of March 31, 2026
$153,962 
Intangible Assets, net
The following table presents the Intangible assets resulting from the Company’s business combinations as of the dates presented:
March 31, 2026December 31, 2025
Finite-lived intangible assets:
Developed technology
$41,000 $41,000 
Customer relationships (1)
6,890 7,059 
Total finite-lived intangible assets, gross
47,890 48,059 
Accumulated amortization
(20,844)(18,554)
Total finite-lived Intangible assets, net
27,046 29,505 
Indefinite-lived intangible assets:
EMI licenses (1)
21,360 21,883 
Total intangible assets, net
$48,406 $51,388 
(1) The customer relationships and EMI licenses acquired in the TransactPay acquisition are denominated in euros. The changes in the carrying amounts reported for these assets since the acquisition date as of March 31, 2026 and December 31, 2025 are attributable to fluctuations in foreign currency exchange rates.
The amortization period for developed technology and customer relationships intangible assets is 7 years and 2 years, respectively. Amortization expense for intangible assets was $2.3 million and $1.5 million for the three months ended March 31, 2026 and 2025, respectively.