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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 Company’s goodwill is the result of its acquisitions of other businesses and represents the excess of purchase consideration over the fair value of assets acquired and liabilities assumed. The Company performed its annual goodwill impairment analysis on August 31, 2025 and concluded that goodwill was not impaired, as the fair value of the reporting unit exceeded its carrying value. Additionally, no triggering events were identified as of June 30, 2026 or December 31, 2025 that would more likely than not reduce the fair value of goodwill below its carrying value.
The change in the carrying amount of goodwill during the six months ended June 30, 2026 was as follows (in thousands):
Balance as of December 31, 2025$135,847 
Goodwill acquired220,397 
Effect of currency translation(1,536)
Balance as of June 30, 2026$354,708 
Intangible assets that were not fully amortized as of June 30, 2026 and December 31, 2025 consisted of the following (dollars in thousands):
June 30, 2026
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Remaining Life
Business relationships$68,918 $(19,885)$49,033 6.9 years
Developed technology52,309 (16,241)36,068 3.4 years
Licensing agreements6,141 (3,775)2,366 3.7 years
Domain and data licenses3,337 (3,048)289 3.1 years
Trademarks5,877 (1,540)4,337 7.0 years
Total$136,582 $(44,489)$92,093 
December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Weighted-Average Remaining Life
Business relationships$45,918 $(13,390)$32,528 7.6 years
Developed technology22,309 (11,494)10,815 3.3 years
Licensing agreements6,141 (3,453)2,688 4.2 years
Domain and data licenses3,324 (2,999)325 3.6 years
Trademarks3,877 (1,195)2,682 9.8 years
Total$81,569 $(32,531)$49,038 
Amortization expense related to intangible assets was $6.7 million and $2.4 million for the three months ended June 30, 2026 and 2025, respectively, and $12.0 million and $4.9 million for the six months ended June 30, 2026 and 2025, respectively.
As of June 30, 2026, estimated future amortization expense was as follows (in thousands):
Remainder of 2026$10,860 
202720,720 
202820,325 
202915,548 
20306,433 
20315,654 
Thereafter12,553 
Total amortization$92,093