v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of the Company's Goodwill

The following table represents the change in the carrying value of goodwill for the six months ended June 30, 2026:

 

Activity

 

Balance as of December 31, 2025

 

$

40,388

 

Impairment of Markforged Goodwill

 

 

(40,388

)

Balance as of June 30, 2026

 

$

—

 

 
Schedule of Intangible Assets

The following table displays intangible assets, net by major class:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

13,636

 

 

$

(2,654

)

 

$

10,982

 

 

$

13,636

 

 

$

(1,519

)

 

$

12,117

 

Mutual licensing under
settlement agreement

 

 

5,320

 

 

 

(274

)

 

 

5,046

 

 

 

5,320

 

 

 

(156

)

 

 

5,164

 

Trademark

 

 

1,811

 

 

 

(1,811

)

 

 

—

 

 

 

1,811

 

 

 

(1,207

)

 

 

604

 

Customer relationships

 

 

1,660

 

 

 

(194

)

 

 

1,466

 

 

 

1,660

 

 

 

(111

)

 

 

1,549

 

Intangible assets

 

$

22,427

 

 

$

(4,933

)

 

$

17,494

 

 

$

22,427

 

 

$

(2,993

)

 

$

19,434

 
Schedule of Amortization Expense

The Company recognized amortization expense of intangible assets as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Cost of revenue

 

$

568

 

 

$

456

 

 

$

1,146

 

 

$

536

 

 

Operating expenses

 

 

193

 

 

 

330

 

 

 

687

 

 

 

330

 

 

Total

 

$

761

 

 

$

786

 

 

$

1,833

 

 

$

866

 

 
Schedule of Amortization Expense for Intangible Assets

As of June 30, 2026, estimated amortization expense for intangible assets for each of the next five fiscal years and thereafter is expected to be as follows:

 

For the Years Ended December 31,

 

Estimated Amortization Expense

 

2026 (remaining six months)

 

$

1,336

 

2027

 

 

2,673

 

2028

 

 

2,673

 

2029

 

 

2,673

 

2030

 

 

2,673

 

Thereafter

 

 

5,466

 

Total intangible assets, net

 

$

17,494