v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
The Company's goodwill relates to the following reportable segments:
(in thousands)June 30, 2026December 31, 2025
Merchant Solutions$158,298 $158,298 
Treasury Solutions250,867 251,103 
Payables 7,240 7,240 
Total$416,405 $416,641 
The following table summarizes the changes in the carrying value of goodwill:
(in thousands)Amount
Balance at December 31, 2025$416,641 
Foreign currency translation adjustment(236)
Balance at June 30, 2026
$416,405 
Schedule of Other Intangible Assets
Intangible assets consisted of the following:
June 30, 2026Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$223,420 $(71,347)$152,073 14.3
Residual buyouts178,229 (129,639)48,590 6.0
Customer relationships139,517 (101,389)38,128 8.5
Merchant portfolios83,350 (70,537)12,813 6.5
Technology63,574 (35,370)28,204 8.7
Trade names13,327 (7,602)5,725 8.3
Money transmission licenses(1)
2,100 — 2,100 
Total $703,517 $(415,884)$287,633 9.5
(1)These assets have an indefinite useful life.
December 31, 2025Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$223,016 $(63,701)$159,315 13.8
Residual buyouts177,864 (119,861)58,003 6.0
Customer relationships139,463 (98,478)40,985 8.8
Merchant portfolios83,350 (68,787)14,563 6.5
Technology63,602 (32,684)30,918 8.5
Trade names13,329 (4,023)9,306 10.6
Money transmission licenses(1)
2,100 — 2,100 
Total $702,724 $(387,534)$315,190 9.4
(1)These assets have an indefinite useful life.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Amortization expense(1)
$16,348 $10,018 $29,590 $19,933 
(1)Included in amortization expense is $0.6 million and $1.2 million for the three and six months ended June 30, 2026, respectively, and $0.6 million and $1.2 million for the three and six months ended June 30, 2025 respectively, related to the amortization of certain contract acquisition costs.