GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

NOTE 7—GOODWILL AND INTANGIBLE ASSETS

GOODWILL

The table below shows the changes in the carrying value of goodwill:


(in thousands)
Balance, December 31, 2025			$	607
Acquired goodwill			—
Accumulated impairments			—
Balance, March 31, 2026			$	607

INTANGIBLE ASSETS, NET

The following table shows the components of intangible assets, net for the periods presented:


						March 31, 2026																		December 31, 2025⁽ᵃ⁾
(in thousands)			Useful Lives			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Finite-lived:
Validators			3 years			$	3,645					$	(1,113)					$	2,532					$	3,645					$	(810)					$	2,835
Developed technology			3 years			576						(456)						120						576						(408)						168
Customer database			3 years			3						(2)						1						3						(2)						1

Indefinite-lived:
Domain name						16						—						16						16						—						16
Total intangibles, net						$	4,240					$	(1,571)					$	2,669					$	4,240					$	(1,220)					$	3,020

(a) On May 1, 2025 we recorded intangible assets as a result of an asset acquisition, which consisted of validators.

The following table shows the estimated amortization expense related to the net carrying amount of finite-lived intangible assets:


Remaining 2026			$	1,032
2027			$	1,215
2028			$	406
2029 and thereafter			$	—