v3.26.1
Goodwill and Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill

The changes in the carrying value of goodwill for the period presented are as follows (in thousands):

Carrying
Value
Balance as of December 31, 2025$278,325 
Addition from acquisitions and related adjustments(1)
858,813 
Foreign currency translation adjustments(35,418)
Balance as of June 30, 2026$1,101,720 
______________
(1)Includes the goodwill acquired in connection with the YourBio merger and Eucalyptus acquisition, as well as measurement period adjustments related to the fair values of the assets acquired and liabilities assumed in the Zava business combination. These adjustments did not have a material impact on goodwill. See Note 3 – Acquisitions for further details.
Intangible assets, net

Intangible assets, net as of June 30, 2026 consist of the following (in thousands):

Gross
Amount		Accumulated
Amortization
and Impairment		Net
Carrying
Value		Weighted
Average
Remaining
Useful Life
(Years)
Trade names$122,930 $(21,316)$101,614 2.8
Platform partnerships97,181 (8,098)89,083 11.0
Developed intellectual property89,300 (2,960)86,340 14.6
Developed technology81,376 (6,907)74,469 3.9
Customer relationships51,256 (9,097)42,159 1.7
503B pharmacy license28,596 (5,243)23,353 8.2
Other17,313 (11,522)5,791 5.0
Intangible assets, net$487,952 $(65,143)$422,809 7.3

Intangible assets, net as of December 31, 2025 consist of the following (in thousands):

Gross
Amount		Accumulated
Amortization
and Impairment		Net
Carrying
Value		Weighted
Average
Remaining
Useful Life
(Years)
Platform partnerships$99,964 $(4,165)$95,799 11.5
Trade names33,031 (14,951)18,080 2.3
503B pharmacy license28,596 (3,813)24,783 8.7
Developed technology27,796 (2,921)24,875 4.3
Customer relationships18,081 (3,424)14,657 1.7
Other23,331 (5,409)17,922 2.7
Intangible assets, net$230,799 $(34,683)$196,116 7.8

Amortization expense for intangible assets was $18.7 million and $2.8 million for the three months ended June 30, 2026 and 2025, respectively, and $31.2 million and $4.9 million for the six months ended June 30, 2026 and 2025, respectively.

There were no impairment charges on intangible assets for the three and six months ended June 30, 2026 and 2025.

Amortization that will be charged to expense over the remaining life of the intangible assets subsequent to June 30, 2026 is as follows (in thousands):

The remainder of 2026$52,233
202797,025
202876,113
202948,065
203025,283
2031 and thereafter124,090
$422,809