| Summary of identifiable intangible assets |
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 |
|
|
| Estimated future amortization expense related to intangible assets |
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 |
|
|