v3.26.3
Intangible Assets, Net
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, Net

6. Intangible Assets, Net

The components of the Company’s intangible assets as of September 30, 2026 and December 31, 2025 were as follows:

 

 

 

 

As of September 30, 2026

 

(In thousands, except useful life)

 

Useful Life

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology

 

3 to 10 years

 

$

282,540

 

 

$

(276,829

)

 

$

5,711

 

Customer contracts and contractual relationships

 

0.5 to 10 years

 

 

37,496

 

 

 

(37,496

)

 

 

—

 

Non-compete agreements and trademarks

 

3 years

 

 

300

 

 

 

(300

)

 

 

—

 

Total intangible assets

 

 

 

$

320,336

 

 

$

(314,625

)

 

$

5,711

 

 

 

 

 

As of December 31, 2025

 

(In thousands, except useful life)

 

Useful Life

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Existing technology

 

3 to 10 years

 

$

287,301

 

 

$

(277,130

)

 

$

10,171

 

Customer contracts and contractual relationships

 

0.5 to 10 years

 

 

37,496

 

 

 

(37,496

)

 

 

—

 

Non-compete agreements and trademarks

 

3 years

 

 

300

 

 

 

(300

)

 

 

—

 

Total intangible assets

 

 

 

$

325,097

 

 

$

(314,926

)

 

$

10,171

 

 

Amortization expense for intangible assets for the three and nine months ended September 30, 2026 was $1.2 million and $4.5 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2025 was $1.7 million and $5.2 million, respectively.

The estimated future amortization of intangible assets as of September 30, 2026 was as follows (in thousands):

 

Years Ending December 31:

 

Amount

 

2026 (remaining three months)

 

$

1,065

 

2027

 

 

1,933

 

2028

 

 

1,480

 

2029

 

 

1,233

 

Total intangible assets

 

$

5,711