v3.26.1
Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

 

March 31, 2026

 

 

December 31, 2025

 

(in thousands)

 

Fair Value at Acquisition

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Fair Value at Acquisition

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Customer relationships

 

$

2,260

 

 

$

(631

)

 

$

1,629

 

 

$

2,260

 

 

$

(556

)

 

$

1,704

 

Developed technology

 

 

4,006

 

 

 

(1,803

)

 

 

2,203

 

 

 

4,006

 

 

 

(1,603

)

 

 

2,403

 

Non-compete agreement

 

 

230

 

 

 

(153

)

 

 

77

 

 

 

230

 

 

 

(134

)

 

 

96

 

Trade names

 

 

165

 

 

 

(117

)

 

 

48

 

 

 

165

 

 

 

(102

)

 

 

63

 

Total intangible assets

 

$

6,661

 

 

$

(2,704

)

 

$

3,957

 

 

$

6,661

 

 

$

(2,395

)

 

$

4,266

 
Schedule of Estimated Amortization Expense

The estimated amortization expense for each of the next five years is as follows:

 

As of March 31,

 

(in thousands)

 

2026 (remaining nine months)

 

 

925

 

2027

 

 

1,128

 

2028

 

 

1,102

 

2029

 

 

164

 

2030

 

 

151

 

Thereafter

 

 

487

 

Total

 

$

3,957