| Schedule of Finite-Lived Intangible Assets, Net |
Intangible assets, net consist of the following:
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March 31, 2026 |
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December 31, 2025 |
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Weighted
Average
Remaining
Useful Life |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Weighted
Average
Remaining
Useful Life |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Developed technology |
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5.2 |
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$ |
137,371 |
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$ |
(56,573 |
) |
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$ |
80,798 |
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5.4 |
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$ |
137,371 |
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$ |
(52,477 |
) |
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$ |
84,894 |
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Software licenses |
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1.4 |
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20,390 |
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(13,597 |
) |
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$ |
6,793 |
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1.6 |
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20,392 |
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(12,289 |
) |
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$ |
8,103 |
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Customer relationships |
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6.5 |
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47,113 |
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(15,474 |
) |
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$ |
31,639 |
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6.8 |
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47,113 |
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(14,372 |
) |
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$ |
32,741 |
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Intellectual property licenses |
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0.3 |
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1,953 |
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(1,736 |
) |
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$ |
217 |
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0.3 |
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1,962 |
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(1,736 |
) |
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$ |
226 |
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Trade names |
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3.8 |
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26,899 |
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(12,455 |
) |
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$ |
14,444 |
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4.1 |
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26,899 |
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(11,627 |
) |
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$ |
15,272 |
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Backlog |
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1.5 |
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2,696 |
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(2,535 |
) |
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$ |
161 |
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1.3 |
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2,696 |
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(2,482 |
) |
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$ |
214 |
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Effect of exchange rate on gross carrying amount |
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1,999 |
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— |
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$ |
1,999 |
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3,898 |
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— |
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$ |
3,898 |
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Intangible assets with finite lives |
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238,421 |
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(102,370 |
) |
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136,051 |
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240,331 |
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(94,983 |
) |
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145,348 |
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IPR&D |
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50,301 |
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— |
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$ |
50,301 |
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50,301 |
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— |
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$ |
50,301 |
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Effect of exchange rate on gross carrying amount |
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(45 |
) |
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— |
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$ |
(45 |
) |
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259 |
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— |
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$ |
259 |
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Total intangible assets with indefinite lives |
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50,256 |
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— |
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50,256 |
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50,560 |
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— |
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50,560 |
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Total intangible assets |
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$ |
288,677 |
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$ |
(102,370 |
) |
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$ |
186,307 |
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$ |
290,891 |
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$ |
(94,983 |
) |
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$ |
195,908 |
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| Schedule of Future Amortization Expense |
Based on the amount of definite-lived intangible assets subject to amortization as of March 31, 2026, amortization expense for each of the next five fiscal years is expected to be as follows:
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2026 (remaining 9 months) |
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$ |
24,000 |
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2027 |
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26,287 |
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2028 |
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22,879 |
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2029 |
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21,219 |
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2030 |
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34,082 |
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Thereafter |
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7,584 |
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Total |
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$ |
136,051 |
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