v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The Company's goodwill relates to the following reportable segments:
(in thousands)March 31, 2026December 31, 2025
Merchant Solutions$158,298 $158,298 
Treasury Solutions250,997 251,103 
Payables 7,240 7,240 
Total$416,535 $416,641 
The following table summarizes the changes in the carrying value of goodwill:
(in thousands)Amount
Balance at December 31, 2025$416,641 
Foreign currency translation adjustment(106)
Balance at March 31, 2026
$416,535 
Schedule of Other Intangible Assets
Intangible assets consisted of the following:
March 31, 2026Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$223,016 $(67,372)$155,644 14.3
Residual buyouts177,864 (124,755)53,109 6.0
Customer relationships139,436 (100,027)39,409 8.5
Merchant portfolios83,350 (69,662)13,688 6.5
Technology63,590 (34,007)29,583 8.7
Trade names13,320 (4,335)8,985 10.5
Money transmission licenses(1)
2,100 — 2,100 
Total $702,676 $(400,158)$302,518 9.5
(1)These assets have an indefinite useful life.
December 31, 2025Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$223,016 $(63,701)$159,315 13.8
Residual buyouts177,864 (119,861)58,003 6.0
Customer relationships139,463 (98,478)40,985 8.8
Merchant portfolios83,350 (68,787)14,563 6.5
Technology63,602 (32,684)30,918 8.5
Trade names13,329 (4,023)9,306 10.6
Money transmission licenses(1)
2,100 — 2,100 
Total $702,724 $(387,534)$315,190 9.4
(1)These assets have an indefinite useful life.
Three Months Ended March 31,
(in thousands)20262025
Amortization expense(1)
$13,242 $9,915 
(1)Included in amortization expense is $0.6 million for the three months ended March 31, 2026 and 2025, respectively, related to the amortization of certain contract acquisition costs.