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 changes in goodwill during the six months ended June 30, 2026 are as follows (in thousands):
Balance at December 31, 2025$55,573 
LSI acquisition75,861 
NuCrypt acquisition3,419 
NHanced acquisition46,602 
Balance at June 30, 2026$181,455 
The composition of intangible assets, net, is as follows (in thousands):
June 30, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization 		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Website domain name and trademark$1,152 $(831)$321 $1,009 $(724)$285 
Technology and licensed patents13,317 (7,453)5,864 12,731 (6,516)6,215 
Customer relationships289 (6)283 - - - 
Developed technology21,238 (1,263)19,975 
Tradename2,906 (242)2,664 - - - 
Total$38,902 $(9,795)$29,107 $13,740 $(7,240)$6,500 
The Company recorded amortization expense of the Company’s intangible assets of $1.4 million and $2.6 million during the three and six months ended June 30, 2026, respectively, and $0.7 million and $1.5 million for the three and six months ended June 30, 2025, respectively. The Company expects future amortization expense to be the following (in thousands):
Amortization
2026 (remaining six months)$2,874 
20275,630 
20285,546 
20294,485 
20303,727 
Thereafter6,845 
Total$29,107