Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill balance was $67.1 million as of both December 31, 2025 and March 31, 2026. The Company recognized no impairment charges related to goodwill during the three months ended March 31, 2025 and 2026.

Intangible Assets

Acquired intangible assets subject to amortization consist of customer relationships, and are recorded net of amortization and included within other assets on the condensed consolidated balance sheets. The gross and net carrying values and accumulated amortization are as follows:


	December 31, 2025						March 31, 2026
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value

Customer relationships	$	13,700	$	(5,423)	$	8,277	$	13,700	$	(5,708)	$	7,992

Amortization expense was immaterial for the three months ended March 31, 2025 and 2026.

Expected future amortization expense for intangible assets is as follows:


	March 31, 2026
Remaining 2026	$	856
2027	1,142
2028	1,142
2029	1,142
2030	1,142
Thereafter	2,568
Total	$	7,992