v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets [Abstract]  
Schedule of Changes in Goodwill

The changes in goodwill during the three months ended March 31, 2026 are as follows (in thousands):

 

Balance at December 31, 2025  $55,573 
LSI acquisition   86,502 
NuCrypt acquisition   4,436 
Balance at March 31, 2026  $146,511 
Schedule of Intangible Assets

The composition of intangible assets, net, is as follows (in thousands):

 

   March 31, 2026   December 31, 2025 
   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Gross
Carrying
Amount		   Accumulated
Amortization		   Net Carrying
Amount		 
Website domain name and trademark  $1,009   $(774)  $235   $1,009   $(724)  $285 
Technology and licensed patents   12,731    (6,972)   5,759    12,731    (6,516)   6,215 
Customer relationships   647    (15)   632    
-
    
-
    
-
 
Developed technology   9,995    (239)   9,756    
-
    
-
    
-
 
Tradename   2,906    (97)   2,809    
-
    
-
    
-
 
Total  $27,288   $(8,097)  $19,191   $13,740   $(7,240)  $6,500 
Schedule of Future Amortization Expense

The Company recorded amortization expense of the Company’s intangible assets of $0.9 million and $0.8 million during the three months ended March 31, 2026 and 2025, respectively. The Company expects future amortization expense to be the following (in thousands):

 

   Amortization 
2026 (remaining nine months)  $3,091 
2027   4,004 
2028   3,920 
2029   2,859 
2030   2,101 
Thereafter   3,216 
Total  $19,191