v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in the carrying amount of goodwill are as follows:
Balance as of December 31, 2025$6,221,366 
Acquisitions— 
Foreign currency translation adjustments(5,185)
Balance as of March 31, 2026$6,216,181 
Intangible Assets
Components of intangible assets other than goodwill are as follows:
March 31, 2026December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-life intangibles:
Developed technology$514,527 $(216,695)$297,832 $574,250 $(266,368)$307,882 
Customer relationships651,893 (184,335)467,558 652,028 (176,158)475,870 
Capitalized development expenses1,040,376 (659,581)380,795 921,399 (546,111)375,288 
Other Intangible Assets67,123 (59,268)7,855 78,007 (68,873)9,134 
Total definite-life intangibles2,273,919 (1,119,879)1,154,040 2,225,684 (1,057,510)1,168,174 
Indefinite-life intangibles:
Trademarks481,101 — 481,101 481,234 — 481,234 
Total Intangible assets$2,755,020 $(1,119,879)$1,635,141 $2,706,918 $(1,057,510)$1,649,408 
The aggregate amortization expense for definite-life intangibles are reflected in the Condensed Combined Statements of Operations as follows:
Three Months Ended March 31,
20262025
Cost of subscriptions and licenses$286 $285 
Amortization of intangible assets42,993 37,353 
Total amortization expense$43,279 $37,638 
Capitalized Development Expenses
For the three months ended March 31, 2026 and 2025, total costs capitalized were $31.1 million and $32.4 million, respectively. For the three months ended March 31, 2026 and 2025, the related amortization recorded within Amortization of intangible assets in the Condensed Combined Statements of Operations was $25.3 million and $19.1 million, respectively.