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INTANGIBLE ASSETS AND GOODWILL
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible assets
During the six months ended June 30, 2026, the Company completed the acquisition of Datagrid, which was accounted for as a business combination, as described above in Note 6.
The Company’s intangible assets are summarized as follows (in thousands):
June 30, 2026
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Remaining Useful Life (Years)
Developed technology$262,961 $(144,541)$118,420 4.7
Customer relationships79,950 (57,436)22,514 6.6
Total intangible assets$342,911 $(201,977)$140,934 5.0
December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Remaining Useful Life (Years)
Developed technology$212,463 $(127,638)$84,825 3.8
Customer relationships75,950 (55,411)20,539 6.4
Total intangible assets$288,413 $(183,049)$105,364 4.3
Certain of the Company’s intangible assets related to the previous acquisitions were fully amortized in 2025. The Company estimates that there is no significant residual value related to its intangible assets. Amortization expense recorded on the Company’s intangible assets is summarized as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenue$8,311 $8,015 $16,019 $15,617 
Sales and marketing905 3,346 2,026 6,651 
Research and development221 658 883 1,290 
Total amortization of acquired intangible assets$9,437 $12,019 $18,928 $23,558 
Goodwill
The following table presents the changes in carrying amount of goodwill during the six months ended June 30, 2026 (in thousands):
Beginning balance$574,083 
Additions114,926 
Other adjustments, net(1)
(602)
Ending balance$688,407 
(1) Includes acquisition-related post-closing net working capital adjustments and the effect of foreign currency translation

The addition to goodwill was due to the acquisition of Datagrid, as disclosed in Note 6 to these condensed consolidated financial statements. There was no impairment of goodwill during the periods presented.