The changes in the carrying amount of goodwill are as follows:


	Amount
Balance at December 31, 2025	$	674,262
Additions	119,242
Effect of foreign currency translation	16
Balance at June 30, 2026	$	793,520

Intangible assets, net consist of the following:


	As of June 30, 2026
	Weighted Average Useful Life	Gross carrying amount		Accumulated Amortization		Net carrying amount
Finite-lived intangible assets
Developed technology	9.5 years	$	281,284	$	(95,627)	$	185,657
Customer relationships	19.5 years	262,242		(45,164)		217,078
Trade names	4.9 years	14,033		(8,628)		5,405
Licenses	9.8 years	5,256		(1,168)		4,088
Backlog	1.0 year	900		(300)		600
Finite-lived intangible assets		$	563,715	$	(150,887)	$	412,828


	As of December 31, 2025
	Weighted Average Useful Life	Gross carrying amount		Accumulated amortization		Net carrying amount
Finite-lived intangible assets
Developed technology	9.9 years	$	265,031	$	(81,571)	$	183,460
Customer relationships	20.0 years	253,635		(38,525)		215,110
Trade names	5.2 years	12,328		(7,331)		4,997
Licenses	9.8 years	5,254		(896)		4,358
Total finite-lived intangible assets		$	536,248	$	(128,323)	$	407,925

There was no impairment recognized related to intangible assets during the three and six months ended June 30, 2026, or 2025. Amortization expense of intangible assets for the three months ended June 30, 2026, and 2025, was $11.6 million and $10.1 million, respectively, and for the six months ended June 30, 2026, and 2025, was $22.5 million and $20.3 million, respectively, and is recorded in cost of revenues and selling, general and administrative expenses in the unaudited condensed consolidated statements of operations and comprehensive loss. Estimated future amortization expense for finite-lived intangibles is as follows:


Years ending December 31	Amount
2026 (for the remaining period)	$	23,569
2027	45,999
2028	43,552
2029	43,342
2030	43,156
Thereafter	213,210
Total future amortization expense on intangible assets	$	412,828