The intangible assets gross carrying amount and accumulated amortization as of June 30, 2026 and December 31, 2025 are detailed below.


		June 30, 2026
	Useful Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Internal-use software licenses	1-3 years	$	13,645	$	(3,817	)	$	9,828
Internally-developed software	3-5 years		311		—			311
Trade name and trademarks	5 years		18,000		(2,400	)		15,600
Developed technology	10 years		76,480		(4,933	)		71,547
Customer relationships	3-9 years		61,000		(6,000	)		55,000
Total		$	169,436	$	(17,150	)	$	152,286


		December 31, 2025
	Useful Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Internal-use software	1-3 years	$	18,484	$	(2,442	)	$	16,042
Trade name and trademarks	5 years		18,000		(600	)		17,400
Developed technology	10 years		74,000		(1,233	)		72,767
Customer relationships	3-9 years		61,000		(1,500	)		59,500
Total		$	171,484	$	(5,775	)	$	165,709

The Company capitalizes certain development costs incurred in connection with its internal-use software products including specific software upgrades and enhancements when it is probable the expenditures will result in additional features and functionality. Costs incurred prior to meeting the probable-to-complete threshold are expensed as incurred. Once the probable-to-complete threshold is satisfied, internal and external costs, if direct and incremental, are capitalized until the application is substantially complete and ready for its intended use. Capitalization ceases upon completion of all substantial testing, at which time amortization of the capitalized software begins. Internally-developed software is amortized on a straight-line basis over its estimated useful life, generally three to five years.

The Company capitalized $3.0 million of both internal-use software licenses and software-in-development during the three months ended June 30, 2026. Capitalized costs associated with software-in-development are not amortized until the related assets are substantially complete and ready for their intended use. Amortization expense related to the Company’s finite-lived intangible assets was $7.9 million for the three months ended June 30, 2026 and $15.2 million for the six months ended June 30, 2026. The Company did not recognize any amortization expense related to its finite-lived intangible assets for the three and six months ended June 30, 2025.