v3.26.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

 

As of March 31, 2026 and December 31, 2025, the Company had recorded goodwill of $13.5 million. No goodwill impairment was recognized for the three months ended March 31, 2026 and 2025.

 

Amortization of the intangible assets that have finite useful lives is generally recorded on a straight-line basis over their useful lives, ranging from 5.6 to 12.2 years. A summary of the Company’s identifiable intangible assets as of March 31, 2026 and December 31, 2025 is as follows (in thousands):

 

 

March 31, 2026

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangibles, net

 

Patent rights

$

35,530

 

 

$

20,490

 

 

$

14,951

 

Acquired technology

 

22,940

 

 

 

11,036

 

 

 

11,904

 

Acquired licenses

 

35,711

 

 

 

2,759

 

 

 

32,952

 

Assembled workforce

 

500

 

 

 

500

 

 

 

 

Total intangible assets

$

94,681

 

 

$

34,785

 

 

$

59,807

 

 

 

December 31, 2025

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangibles, net

 

Patent rights

$

32,630

 

 

 

19,946

 

 

$

12,684

 

Acquired technology

 

22,940

 

 

 

10,650

 

 

 

12,289

 

Acquired licenses

 

35,711

 

 

 

1,596

 

 

 

34,115

 

Assembled workforce

 

500

 

 

 

500

 

 

 

 

Total intangible assets

$

91,781

 

 

$

32,692

 

 

$

59,088

 

 

As of March 31, 2026, the weighted average remaining life for identifiable intangible assets was 7.1 years. Aggregate amortization expense was $2.1 million and $1.0 million for the three months ended March 31, 2026 and 2025, respectively. Patent rights, acquired technology and acquired licenses are amortized over a 15-year period, other than Datavault acquired licenses, and EOS acquired patent rights, which are amortized over a 7-year period.

Estimated future amortization expense related to intangible assets as of March 31, 2026 is as follows (in thousands):

 

 

Amount

 

2026 (Remainder of 2026)

$

6,586

 

2027

 

8,783

 

2028

 

8,783

 

2029

 

8,783

 

2030

 

8,783

 

Thereafter

 

18,089

 

Total

$

59,807