v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Components of Goodwill
The following table presents the changes in the carrying amount of goodwill:

(in thousands)
Balance at December 31, 2025
$— 
Exaion acquisition92,517 
Foreign currency translation adjustments
(2,798)
Balance at June 30, 2026
$89,719 
Schedule of Intangible Assets
The following table presents the Company’s intangible assets, which are included in “Intangible assets, net” on the Condensed Consolidated Balance Sheets, as of June 30, 2026 and December 31, 2025, respectively:

As of June 30, 2026
(in thousands)Cost
Accumulated Amortization
Net
Developed technology$17,692 $(1,180)$16,512 
Customer relationships (1)
21,641 (2,376)19,265 
Trade names5,898 (196)5,702 
Capitalized software development costs
814 (128)686 
Cumulative translation adjustment(1,653)
Total intangible assets$46,045 $(3,880)$40,512 

As of December 31, 2025
(in thousands)Cost
Accumulated Amortization
OtherNet
Customer relationships$1,000 $(291)$— $709 
Intellectual property (2)
2,633 (1,536)(1,097)— 
Capitalized software development costs287 (8)— 279 
Total intangible assets$3,920 $(1,835)$(1,097)$988 
(1) During the six months ended June 30, 2026, the Company exited a customer hosting arrangement at one of its owned sites, and as a result, fully amortized the remaining carrying value of the customer relationship of $0.6 million.

(2) In connection with the restructuring activities during the year ended December 31, 2025, the Company fully eliminated $1.1 million of internal intellectual property associated with its technology operations.
Schedule of Estimated Future Amortization of Finite-Lived Intangible Assets
The following table presents the Company’s estimated future amortization of finite-lived intangible assets, excluding cumulative translation adjustment, as of June 30, 2026:

Year
Amount
(in thousands)
2026 (remaining)$4,471 
20278,599 
20288,256 
20298,256 
20308,256 
Thereafter4,327 
Total$42,165