
	Gross Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life (Years)
June 30, 2026
Client and other relationships	$	1,522,805	$	(661,037)	$	861,768	9.9
Trademarks	271,742		(247,014)		24,728		1.0
Capitalized software development costs	721,035		(489,005)		232,030		2.0
Acquired technology	330,947		(273,804)		57,143		1.3
Intangible assets, net	$	2,846,529	$	(1,670,860)	$	1,175,669	7.7
December 31, 2025
Client and other relationships	$	1,525,815	$	(602,572)	$	923,243	10.3
Trademarks	272,269		(226,370)		45,899		1.3
Capitalized software development costs	665,631		(416,448)		249,183		2.0
Acquired technology	331,973		(253,211)		78,762		1.8
Intangible assets, net	$	2,795,688	$	(1,498,601)	$	1,297,087	7.9


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Amortization of acquired intangibles	$	51,758	$	44,372	$	103,509	$	86,783
Amortization of capitalized software development costs	36,684		44,292		74,759		86,185
Amortization of intangible assets	$	88,442	$	88,664	$	178,268	$	172,968

During the three months ended December 31, 2025, the Company initiated a strategy to transition the remainder of its chronic condition management Clients and members to the Teladoc Health brand by December 31, 2026. In connection with the brand strategy, the Company has decreased the remaining useful life of the related trademarks asset, which increased amortization expense by $7.7 million, or $0.04 per share, and $15.3 million, or $0.09 per share, for the three and six months ended June 30, 2026, respectively, and will increase amortization expense for the full year ending December 31, 2026 by $30.7 million.

Periodic amortization of intangible assets that will be charged to expense over the remaining life of the intangible assets as of June 30, 2026 was as follows (in thousands):

Net cloud computing costs, which are primarily related to the implementation of the Company's customer relationship management (“CRM”) and enterprise resource planning (“ERP”) systems, are recorded in “Other assets”

within the Company's Condensed Consolidated Balance Sheets. As of June 30, 2026 and December 31, 2025, those costs were $43.2 million and $45.4 million, respectively. The associated expense for cloud computing costs, which is recorded in general and administration expense, was $2.7 million and $1.9 million for the three months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, the associated expense for cloud computing cost was $5.4 million and $3.8 million, respectively. The capitalized cloud computing implementation costs are amortized over the shorter of the term of the related cloud computing arrangement or the period of benefit from the right to access the hosted software. The amortization period will be periodically reassessed to determine if it continues to be reasonable.