v3.26.1
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
NOTE 9—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET
Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
June 30, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortizable intangible assets:
Licenses$83,820 $(52,538)$31,282 $83,820 $(45,670)$38,150 
Acquired technology16,653 (12,513)4,140 16,653 (11,088)5,565 
Customer relationships12,000 (9,000)3,000 12,000 (7,800)4,200 
Trade names2,740 (1,803)937 2,741 (1,728)1,013 
Internal-use software212,119 (186,436)25,683 204,254 (178,101)26,153 
Other
392 (41)351 379 (30)349 
327,724 (262,331)65,393 319,847 (244,417)75,430 
Nonamortizable intangible assets:
Marketing Agreement with a related party1,000 — 1,000 1,000 — 1,000 
Total intangible assets$328,724 $(262,331)$66,393 $320,847 $(244,417)$76,430 
During the three months ended June 30, 2026 and 2025, intangible asset and internal-use software amortization was $8.9 million and $8.5 million, respectively. During the six months ended June 30, 2026 and 2025, intangible asset and internal-use software amortization was $17.9 million and $17.2 million, respectively. The aggregate amortization expense for amortizable intangible assets and internal-use software is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations.
During the three and six months ended June 30, 2026 and 2025, there were no impairment charges for intangible assets or internal-use software.
As of June 30, 2026, the estimated annual amortization expense is as follows:
Projected Amortization
Expense
Remaining 2026
$17,127 
202724,515 
202815,854 
20297,213 
2030172 
Thereafter512 
Total$65,393