v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Components of Goodwill
The following table presents the changes in the carrying amount of goodwill:

(in thousands)
Balance at December 31, 2025
$— 
Exaion acquisition92,517 
Foreign currency translation adjustments
(2,030)
Balance at March 31, 2026
$90,487 
Schedule of Intangible Assets
The following table presents the Company’s intangible assets, which are included in “Intangible assets, net” on the Condensed Consolidated Balance Sheets, as of March 31, 2026 and December 31, 2025, respectively:

As of March 31, 2026
(in thousands)Cost
Accumulated Amortization
Net
Developed technology$17,692 $(295)$17,397 
Customer relationships (1)
21,641 (1,344)20,297 
Trade names5,898 (49)5,849 
Capitalized software development costs
822 (61)761 
Cumulative translation adjustment(1,181)
Total intangible assets$46,053 $(1,749)$43,123 

As of December 31, 2025
(in thousands)Cost
Accumulated Amortization
OtherNet
Customer relationships$1,000 $(291)$— $709 
Intellectual property (2)
2,633 (1,536)(1,097)— 
Capitalized software development costs287 (8)— 279 
Total intangible assets$3,920 $(1,835)$(1,097)$988 
(1) During the three months ended March 31, 2026, the Company exited a customer hosting arrangement at one of its owned sites, and as a result, fully amortized the remaining carrying value of the customer relationship of $0.6 million.

(2) In connection with the restructuring activities during the year ended December 31, 2025, the Company fully eliminated $1.1 million of internal intellectual property associated with its technology operations.
Schedule of Estimated Future Amortization of Finite-Lived Intangible Assets
The following table presents the Company’s estimated future amortization of finite-lived intangible assets, excluding cumulative translation adjustment, as of March 31, 2026:

Year
Amount
(in thousands)
2026 (remaining)$6,601 
20278,637 
20288,256 
20298,256 
20308,256 
Thereafter4,298 
Total$44,304