As of June 30, 2026, the aggregate carrying value of goodwill was $2.5 million, all attributable to the acquisition of raicoon on April 22, 2026. There were no subsequent changes in the initial carrying amount of goodwill established by the acquisition of raicoon during three months June 30, 2026. The effect of foreign currency translation was immaterial. See Note 5 — Business Acquisitions for additional details.

Goodwill is tested for impairment annually, or more often if an event or circumstance indicates that the carrying amount may not be recoverable.


	June 30,		December 31,
	2026		2025
Developed technology	$	33,986	$	32,618
Trade name	11,310		11,310
Customer relationships	107,028		106,800

Internally developed software	91,492		88,886
Intangible assets	243,816		239,614
Less: Accumulated amortization	(130,750)		(116,583)
Currency translation adjustment	(21)		(3)
Total intangible assets, net	$	113,045	$	123,028

Accumulated amortization was approximately $21.0 million for developed technology, $7.1 million for trade name, $39.3 million for customer relationships, and $63.3 million for internally developed software as of June 30, 2026.

Amortization expense for intangible assets was $7.1 million and $7.2 million for the three months ended June 30, 2026 and 2025, respectively, and $14.2 million and $14.2 million for the six months ended June 30, 2026 and 2025, respectively.