The change in the carrying amounts of goodwill during the three months ended March 31, 2026 is presented below (in thousands):


Balance as of December 31, 2025	$	146,676
Goodwill acquired (Note 5)	52,648
Balance as of March 31, 2026	$	199,324

Acquired intangible assets consist of developed technology, customer relationships and trademarks and are amortized on a straight-line basis over their estimated useful lives. The following tables summarize acquired intangible assets as of the periods presented below:


	March 31, 2026
	Gross Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life
	(amounts in thousands)						(in years)
Developed technology	$	51,896	$	(20,172)	$	31,724	5.0
Customer relationships	82,400		(17,421)		64,979		6.3
Trademarks	700		(700)		—		—
Total	$	134,996	$	(38,293)	$	96,703


	December 31, 2025
	Gross Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life
	(amounts in thousands)						(in years)
Developed technology	$	41,196	$	(18,535)	$	22,661	4.4
Customer relationships	69,200		(14,875)		54,325		6.4
Trademarks	700		(700)		—		—
Total	$	111,096	$	(34,110)	$	76,986

Amortization of acquired intangible assets is as follows (in thousands):


	Three Months Ended March 31,
	2026		2025

Cost of revenue	$	1,637	$	1,260

Sales and marketing	2,546		2,254


Total amortization expense	$	4,183	$	3,514

As of March 31, 2026, expected future amortization expense related to acquired intangible assets is as follows (in thousands):


Year Ending December 31,	Amortization Expense
Remainder of 2026	$	12,782
2027	16,965
2028	17,011
2029	16,965
2030	14,052
Thereafter	18,928
Total future amortization	$	96,703