| Goodwill |
Changes in the carrying amount of goodwill were as follows (in thousands): | | | | | | | Total Goodwill | | Balance as of January 1, 2025 | $ | — | | | Acquisition of Emission | 6,374 | | | Goodwill impairment | (6,374) | | | Acquisition of Akoya, including measurement period adjustments | 26,376 | | | Balance as of December 31, 2025 | 26,376 | | | Measurement period adjustments | 563 | | | Goodwill impairment | (26,939) | | | Balance as of June 30, 2026 | $ | — | |
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| Intangible Asset and Goodwill |
Acquired intangible assets consisted of the following (in thousands, except useful life and weighted average life): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | Estimated
Useful
Life (in years) | | Gross Carrying
Value | | Accumulated
Amortization | | Cumulative
Translation
Adjustment | | Net Carrying
Value | | Weighted Average
Life Remaining (in years) | | Developed technology | 7.0 - 14.0 | | $ | 114,150 | | | $ | (13,225) | | | $ | — | | | $ | 100,925 | | | 9.1 | | Know-how | 8.5 | | 13,000 | | | (9,213) | | | (1,590) | | | 2,197 | | | 1.5 | | Customer relationships | 8.5 - 10.0 | | 4,260 | | | (1,596) | | | (4) | | | 2,660 | | | 8.1 | | Total | | | $ | 131,410 | | | $ | (24,034) | | | $ | (1,594) | | | $ | 105,782 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Estimated
Useful
Life (in years) | | Gross Carrying
Value | | Accumulated
Amortization | | Cumulative
Translation
Adjustment | | Net Carrying
Value | | Weighted Average
Life Remaining (in years) | | Definite-lived intangible assets: | | | | | | | | | | | | | Developed technology | 7.0 - 14.0 | | $ | 114,150 | | | $ | (7,596) | | | $ | — | | | $ | 106,554 | | | 9.6 | | Know-how | 8.5 | | 13,000 | | | (8,445) | | | (1,470) | | | 3,085 | | | 2.0 | | Customer relationships | 8.5 - 10.0 | | 4,260 | | | (1,408) | | | (4) | | | 2,848 | | | 8.5 | | Total | | | $ | 131,410 | | | $ | (17,449) | | | $ | (1,474) | | | $ | 112,487 | | | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | In-process research and development (1) | | | $ | 19,300 | | | $ | — | | | $ | — | | | $ | 19,300 | | | | | Total intangible assets | | | $ | 150,710 | | | $ | (17,449) | | | $ | (1,474) | | | $ | 131,787 | | | |
(1) Refer to Note 3 - Acquisitions for discussion on the IPR&D impairment during the first quarter of 2026.
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| Schedule of Future Estimated Amortization Expense of Acquired Intangible Assets |
Future estimated amortization expense is as follows (in thousands): | | | | | | | As of June 30, 2026 | | 2026 | $ | 6,632 | | | 2027 | 13,157 | | | 2028 | 11,686 | | | 2029 | 11,656 | | | 2030 | 11,656 | | | Thereafter | 50,995 | | | Total amortization expense | $ | 105,782 | |
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