v3.26.1
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
NOTE 9—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
March 31, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortizable intangible assets:
Licenses$83,820 $(49,104)$34,716 $83,820 $(45,670)$38,150 
Acquired technology16,653 (11,801)4,852 16,653 (11,088)5,565 
Customer relationships12,000 (8,400)3,600 12,000 (7,800)4,200 
Trade names2,740 (1,765)975 2,741 (1,728)1,013 
Internal-use software208,396 (182,286)26,110 204,254 (178,101)26,153 
Other
425 (35)390 379 (30)349 
324,034 (253,391)70,643 319,847 (244,417)75,430 
Nonamortizable intangible assets:
Marketing Agreement with a related party1,000 — 1,000 1,000 — 1,000 
Total intangible assets$325,034 $(253,391)$71,643 $320,847 $(244,417)$76,430 
During the three months ended March 31, 2026 and 2025, intangible asset and internal-use software amortization was $9.0 million and $8.6 million, respectively. The aggregate amortization expense for amortizable intangible assets and internal-use software is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations.
During the three months ended March 31, 2026 and 2025, there were no impairment charges for intangible assets or internal-use software.
As of March 31, 2026, the estimated annual amortization expense is as follows:
Projected Amortization
Expense
Remaining 2026
$25,337 
202723,275 
202814,615 
20296,705 
2030174 
Thereafter537 
Total$70,643