| Goodwill and Intangible Assets, Net |
Goodwill and Intangible Assets, Net The following table presents the changes in the carrying amount of goodwill (in thousands): | | | | | | | Balance as of December 31, 2025 | $ | 1,539,986 | | | Foreign currency translation | (16,936) | | | Balance as of March 31, 2026 | $ | 1,523,050 | |
Intangible assets, net consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted- Average Remaining Useful Life (in years) | | As of March 31, 2026 | | As of December 31, 2025 | | | Gross
Carrying
Value | | Accumulated
Amortization | | Net Book
Value | | Gross
Carrying
Value | | Accumulated
Amortization | | Net Book
Value | | | | | | | | | | | | | | | Customer relationships | 6.1 | | $ | 524,716 | | | $ | (230,465) | | | $ | 294,251 | | | $ | 528,207 | | | $ | (218,736) | | | $ | 309,471 | | | Developed technology | 1.5 | | 209,134 | | | (166,726) | | | 42,408 | | | 210,708 | | | (159,274) | | | 51,434 | | | Other | 3.3 | | 65,632 | | | (33,295) | | | 32,337 | | | 65,790 | | | (29,981) | | | 35,809 | | | Total intangible assets | | | $ | 799,482 | | | $ | (430,486) | | | $ | 368,996 | | | $ | 804,705 | | | $ | (407,991) | | | $ | 396,714 | |
The Company recorded amortization expense related to intangible assets as follows (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, | | 2026 | | 2025 | | Cost of revenue | $ | 11,807 | | | $ | 9,303 | | | Sales and marketing | 13,934 | | | 13,526 | | | Total | $ | 25,741 | | | $ | 22,829 | |
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