v3.26.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the activity in the Company's goodwill and intangible asset balances during the six months ended June 30, 2026 (in thousands):
GoodwillIntangible Assets
Beginning of the period, December 31, 2025$366,253 $51,166 
Amortization— (6,819)
End of the period, June 30, 2026$366,253 $44,347 
The components of intangible assets were as follows (in thousands):
June 30, 2026December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Amortization period (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Amortization period (Years)
Developed technology$105,714 $(68,271)$37,443 5.5$105,714 $(62,794)$42,920 5.8
Acquired workforce470 (470)— 0.0470 (470)— 0.0
Customer relationships12,850 (6,275)6,575 3.012,850 (5,150)7,700 3.5
Trademarks1,300 (971)329 1.11,300 (754)546 1.5
Total$120,334 $(75,987)$44,347 5.1$120,334 $(69,168)$51,166 5.4
Amortization expense related to intangible assets was $3.4 million and $6.8 million for the three and six months ended June 30, 2026, respectively. Amortization expense related to intangible assets was $3.5 million and $7.6 million for the three and six months ended June 30, 2025, respectively.
As of June 30, 2026, the expected future amortization expense for intangible assets was as follows (in thousands):
PeriodExpected Future Amortization Expense
Remaining 2026$6,190 
20278,612 
20288,246 
20297,328 
20306,188 
Thereafter7,783 
Total$44,347