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
The Company’s goodwill and purchased intangible assets as of June 30, 2026 and December 31, 2025 are as follows (in millions):
June 30, 2026December 31, 2025
Gross
Additions
Accumulated Amortization
Net
Gross
Accumulated AmortizationNet
Goodwill$0.1 $80.4 $— $80.5 $0.1 $— $0.1 
Intangible assets:
Domain name
$0.5 $— $(0.2)$0.3 $0.5 $(0.2)$0.3 
Patents
36.0 — (2.6)33.4 36.0 (0.8)35.2 
Developed Technology— 2.8 (0.2)2.6 — — — 
Operating rights
44.8 14.7 (1.3)58.2 44.8 (0.1)44.7 
Total purchased intangible assets
$81.3 $17.5 $(4.3)$94.5 $81.3 $(1.1)$80.2 
Amortization expense related to intangible assets is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Domain name (1)
$— $— $— $— 
Patents
0.8 — 1.8 — 
Developed technology0.1 — 0.2 — 
Operating rights
0.9 — 1.2 — 
Total amortization expense
$1.8 $— $3.2 $— 
(1) The amortization related to domain name is less than $0.1 million for the three and six months ended June 30, 2026 and 2025.
During the three months ended June 30, 2026, the Company recorded $0.6 million and $0.3 million of amortization of operating rights to cost of revenue and general and administrative expense, respectively. During the six months ended June 30, 2026, the Company recorded $0.6 million and $0.6 million of amortization of operating rights to cost of revenue and general and administrative expense, respectively.
The expected future annual amortization expense of intangible assets as of June 30, 2026 is presented below (in millions):
2026 (remaining 6 months)$4.1 
20278.2 
20288.2 
20298.2 
20308.2 
Thereafter57.6 
Total
$94.5