| Schedule of Finite-Lived Intangible Assets, Net |
Intangible assets, net consist of the following:
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June 30, 2026 |
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December 31, 2025 |
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Weighted
Average
Remaining
Useful Life |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Weighted
Average
Remaining
Useful Life |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Developed technology |
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5.3 |
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$ |
164,411 |
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$ |
(61,468 |
) |
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$ |
102,943 |
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5.4 |
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$ |
137,371 |
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$ |
(52,477 |
) |
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$ |
84,894 |
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Software licenses |
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1.2 |
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20,390 |
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(14,905 |
) |
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$ |
5,485 |
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1.6 |
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20,392 |
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(12,289 |
) |
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$ |
8,103 |
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Customer relationships |
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6.2 |
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47,113 |
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(16,591 |
) |
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$ |
30,522 |
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6.8 |
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47,113 |
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(14,372 |
) |
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$ |
32,741 |
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Intellectual property licenses |
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0.3 |
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1,944 |
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(1,736 |
) |
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$ |
208 |
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0.3 |
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1,962 |
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(1,736 |
) |
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$ |
226 |
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Trade names |
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3.5 |
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26,899 |
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(13,295 |
) |
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$ |
13,604 |
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4.1 |
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26,899 |
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(11,627 |
) |
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$ |
15,272 |
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Backlog |
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1.2 |
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2,696 |
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(2,583 |
) |
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$ |
113 |
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1.3 |
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2,696 |
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(2,482 |
) |
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$ |
214 |
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Effect of exchange rate on gross carrying amount |
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|
545 |
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— |
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$ |
545 |
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3,898 |
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— |
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$ |
3,898 |
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Intangible assets with finite lives |
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263,998 |
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(110,578 |
) |
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153,420 |
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240,331 |
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(94,983 |
) |
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145,348 |
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IPR&D |
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23,261 |
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— |
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$ |
23,261 |
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50,301 |
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— |
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$ |
50,301 |
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Effect of exchange rate on gross carrying amount |
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(130 |
) |
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— |
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$ |
(130 |
) |
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259 |
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— |
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$ |
259 |
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Total intangible assets with indefinite lives |
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23,131 |
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— |
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23,131 |
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50,560 |
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— |
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50,560 |
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Total intangible assets |
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$ |
287,129 |
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$ |
(110,578 |
) |
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$ |
176,551 |
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$ |
290,891 |
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$ |
(94,983 |
) |
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$ |
195,908 |
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| Schedule of Future Amortization Expense |
Based on the amount of definite-lived intangible assets subject to amortization as of June 30, 2026, amortization expense for each of the next five fiscal years is expected to be as follows:
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2026 (remaining 6 months) |
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$ |
17,482 |
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2027 |
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29,534 |
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2028 |
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26,133 |
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2029 |
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24,493 |
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2030 |
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23,297 |
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Thereafter |
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32,481 |
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Total |
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$ |
153,420 |
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