v3.26.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table reflects the changes in goodwill for the years ended December 31, 2025 and 2024:
(in thousands)
Balance as of December 31, 2023$838,497 
Acquisitions160,362 
Foreign currency translation and other adjustments(21,846)
Balance as of December 31, 2024977,013 
Acquisition measurement period adjustments136 
Foreign currency translation and other adjustments47,151 
Balance as of December 31, 2025$1,024,300 
Intangible Assets
Intangible assets consisted of the following as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
(in thousands)
Developed product technologies$108,728 $(47,476)$61,252 $107,165 $(29,509)$77,656 
Customer relationships97,539 (94,139)3,400 97,529 (92,318)5,211 
Trademarks1,013 (879)134 1,013 (730)283 
Total intangible assets$207,280 $(142,494)$64,786 $205,707 $(122,557)$83,150 
Intangible asset amortization expense was as follows:
Year Ended December 31,
202520242023
(in thousands)
Intangible asset amortization expense$18,870 $3,798 $2,436 
As of December 31, 2025, we estimate aggregate intangible asset amortization expense to be as follows:
Estimated Amortization
(in thousands)
2026$18,925 
202717,589 
202814,978 
202913,294 
Total amortization expense$64,786 
The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets and other events.