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

Note 8 - Goodwill and Intangible Assets

 

The changes in the carrying value of goodwill were as follows:

 

in thousands  Total 
Balance as of December 31, 2025  $
—  
 
Acquisitions   63,245 
Foreign currency translation   (3,184)
Balance as of March 31, 2026  $60,061 

 

There was no accumulated goodwill impairment as of March 31, 2026.

Identifiable intangible assets as of March 31, 2026 and consisted of the following:

 

   Weighted Average    
in thousands  Amortization Period  March 31, 2026 
Cost:       
Developed technology  13 years  $5,679 
Customer relationships  15 years   753 
Total intangible assets      6,432 
Accumulated amortization:        
Developed technology      (67)
Customer relationships      (15)
Total accumulated amortization      (82)
Total intangible assets, net     $6,350 

 

Total amortization for the three months ended March 31, 2026, was $0.1 million. The estimated future amortization expense for the remainder of the current fiscal year is $0.4 million. Over the next five years, the Company expects to recognize annual amortization of $0.5 million in each year, respectively.

 

There were no identifiable intangible assets as of December 31, 2025, prior to the Business Combination.