

	June 30, 2026						December 31, 2025						Useful Life (in years)	Weighted Average Useful Life Remaining (in years)
(in thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets with finite lives:
Non-compete agreement	$	—	$	—	$	—	$	850	$	(843)	$	7	2.0 - 5.0	0
Software technology	13,229		(11,177)		2,052		13,229		(10,493)		2,736		10.0	1.5
Software platform	26,769		(12,215)		14,554		27,110		(11,241)		15,869		12.0	6.6
Total intangible assets	$	39,998	$	(23,392)	$	16,606	$	41,189	$	(22,577)	$	18,612

Intangible assets allocated to the Protolabs Network entities consisted of intangible assets of €11.6 million in Europe and $16.6 million in the United States as of the date of the acquisition. The Euro-denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of Other Comprehensive Income. Foreign currency unrealized losses related to intangible assets were $0.9 million and $0.5 million as of June 30, 2026 and December 31, 2025, respectively. Amortization expense for intangible assets was $0.9 million for each of the three months ended June 30, 2026 and 2025, and $1.8 million for the six months ended June 30, 2026 and 2025, respectively.

Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets and current exchange rates is as follows:



(in thousands)	Estimated Amortization Expense
Remaining 2026	$	1,790
2027	3,578
2028	2,211
2029	2,211
2030	2,211
Thereafter	4,605
Total estimated amortization expense	$	16,606