v3.26.1
Intangible Assets, Net
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 6 Intangible Assets, Net

The Company’s intangible assets, net consisted of the following (in thousands):

 

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Weighted Average Useful Lives

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

Internally developed software

 

3.0 Years

 

$

33,695

 

 

$

(20,050

)

 

$

13,645

 

 

$

32,344

 

 

$

(18,724

)

 

$

13,620

 

Domain name

 

15.0 Years

 

 

121

 

 

 

(73

)

 

 

48

 

 

 

121

 

 

 

(71

)

 

 

50

 

Intangible assets, net

 

 

 

$

33,816

 

 

$

(20,123

)

 

$

13,693

 

 

$

32,465

 

 

$

(18,795

)

 

$

13,670

 

The future estimated amortization expense as of March 31, 2026, were as follows (in thousands):

 

 

 

 

 

IDS

 

 

Domain

 

2026 (remaining)

 

 

 

$

3,728

 

 

$

6

 

2027

 

 

 

 

4,974

 

 

 

8

 

2028

 

 

 

 

3,019

 

 

 

8

 

2029

 

 

 

 

1,921

 

 

 

8

 

Thereafter

 

 

 

 

3

 

 

 

18

 

Total future amortization

 

 

 

$

13,645

 

 

$

48

 

 

Amortization expense for the three months ended March 31, 2026 and March 31, 2025 was $1.52 million and $1.4 million, respectively. No significant impairment charges were recognized related to long-lived assets for the three months ended March 31, 2026 and 2025.