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
Goodwill
Goodwill totaled $61.3 million as of June 30, 2026 and December 31, 2025, respectively. The Company recorded a goodwill impairment charge of $7.1 million for the year ended December 31, 2025. No goodwill impairment charges were recorded for the three and six months ended June 30, 2026 and 2025.
Intangible Assets
Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026
Weighted Average Amortization Period (Years)Gross Intangible AssetsAccumulated AmortizationNet Intangible Assets
Trade and domain names15.0$7,379 $(6,226)$1,153 
Software technology5.0249 (237)12 
Customer relationships8.0170 (100)70 
Total intangible assets14.5$7,798 $(6,563)$1,235 
December 31, 2025
Weighted Average Amortization Period (Years)Gross Intangible AssetsAccumulated AmortizationNet Intangible Assets
Trade and domain names15.0$7,373 $(5,980)$1,393 
Software technology5.0249 (212)37 
Customer relationships8.0170 (90)80 
Total intangible assets14.5$7,792 $(6,282)$1,510 
During the six months ended June 30, 2026, the Company sold all rights, title and interest in one of its acquired domain names for cash proceeds of $1.0 million. The domain name had a de-minimus carrying value at the date of sale. In connection with the sale, the Company recognized a gain of $1.0 million, which is included in “Other income (expense), net” in the accompanying condensed consolidated statements of operations.
Amortization expense for intangible assets was $0.1 million and $0.1 million, respectively, for the three months ended June 30, 2026 and 2025, respectively. Amortization expense for intangible assets was $0.3 million and $0.3 million, respectively, for the six months ended June 30, 2026 and 2025, respectively. The estimated future amortization expense of intangible assets as of June 30, 2026 was as follows (in thousands):
Remaining period in 2026 (six months)$269 
Year ended December 31, 2027513 
Year ended December 31, 2028144 
Year ended December 31, 2029138 
Year ended December 31, 203093 
Thereafter78 
Total$1,235