v3.26.1
Intangible Assets, Net
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets consisted of the following as of March 31, 2026 (in thousands):

Gross Carrying AmountAccumulated AmortizationIntangible Assets, Net
Amortizing intangible assets
Patents$178,005 $(51,424)$126,581 
Developed technology50,781 (43,396)7,385 
Customer relationships1,250 (1,062)188 
Assembled workforce667 (590)77 
$230,703 $(96,472)$134,231 
Intangible assets consisted of the following as of December 31, 2025 (in thousands):

Gross Carrying AmountAccumulated AmortizationIntangible Assets, Net
Amortizing intangible assets
Patents$178,005 $(48,457)$129,548 
Developed technology50,781 (40,887)9,894 
Customer relationships1,250 (1,000)250 
Assembled workforce670 (557)113 
$230,706 $(90,901)$139,805 

Amortization expense of intangible assets was $5.6 million for both the three months ended March 31, 2026 and 2025. Amortization expense attributable to patents and developed technology is reflected in Technology on the condensed consolidated statements of operations and comprehensive loss. Amortization expense attributable to customer relationships and assembled workforce is reflected in General and administrative on the condensed consolidated statements of operations and comprehensive loss.

The expected future amortization expense for intangible assets as of March 31, 2026 is as follows (in thousands):

Remaining 2026$16,550 
202711,867 
202811,867 
202911,867 
203011,867 
Thereafter70,213 
Total expected future amortization expense$134,231