Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2026

Note 3—Goodwill and Intangible Assets, Net

At June 30, 2026 and December 31, 2025, we had goodwill of $1.2 billion, net of accumulated goodwill impairment of $307 million.

Intangible assets, net subject to amortization at June 30, 2026 and December 31, 2025 were as follows:


		June 30, 2026									December 31, 2025
		Customer						Other			Customer						Other
		Relationships			Tradenames			Intangibles			Relationships			Tradenames			Intangibles
Intangible assets, gross		$	11,300		$	143,000		$	38,000		$	132,300		$	143,000		$	38,000
Accumulated amortization			(3,208)			(78,403)			(32,682)			(76,472)			(71,081)			(29,282)
Intangible assets, net		$	8,092		$	64,597		$	5,318		$	55,828		$	71,919		$	8,718
Weighted average useful life			15 years			10 years			6 years			6 years			10 years			6 years

Amortization expense for intangible assets was $29 million and $58 million for the three and six months ended June 30, 2026 and $7.6 million and $15 million for the three and six months ended June 30, 2025. The increase as compared to the prior year was driven by the remaining useful life for an intangible asset being modified as of June 30, 2025, as a result of a notice of a contract termination with a commercial Payor. As of June 30, 2026, this customer relationship intangible asset has been fully amortized and removed from our condensed consolidated balance sheet.

As of June 30, 2026, based on the current carrying value of intangible assets subject to amortization and expected remaining useful life, estimated amortization expense was as follows:


Year
2026 (remainder)	$	9,664
2027		13,872
2028		11,953
2029		11,953
2030		11,953
Thereafter		18,612
Total future amortization	$	78,007