Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

There were no changes in the carrying amount of goodwill during the three and nine months ended September 30, 2026.

Intangible assets other than goodwill at September 30, 2026 and December 31, 2025 were as follows:



	September 30, 2026						December 31, 2025						Useful Life (in years)	Weighted Average Useful Life Remaining (in years)
(in thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets with finite lives:
Non-compete agreement	$	—	$	—	$	—	$	850	$	(843)	$	7	2.0 - 5.0	0
Software technology	13,229		(11,520)		1,709		13,229		(10,493)		2,736		10.0	1.3
Software platform	26,687		(12,733)		13,954		27,110		(11,241)		15,869		12.0	6.3
Total intangible assets	$	39,916	$	(24,253)	$	15,663	$	41,189	$	(22,577)	$	18,612

Intangible assets allocated to the Protolabs Network entities consisted of intangible assets of €11.6 million in Europe and $16.6 million in the United States as of the date of the acquisition. The Euro-denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of other comprehensive (loss) income. Foreign currency unrealized losses related to intangible assets were $1.0 million and $0.5 million as of September 30, 2026 and December 31, 2025, respectively. Amortization expense for intangible assets was $0.9 million for each of the three months ended September 30, 2026 and 2025, and $2.7 million and $2.8 million for the nine months ended September 30, 2026 and 2025, respectively.

Estimated aggregate amortization expense based on the current carrying value of the amortizable intangible assets and current exchange rates is as follows:



(in thousands)	Estimated Amortization Expense
Remaining 2026	$	902
2027	3,606
2028	2,239
2029	2,239
2030	2,239
Thereafter	4,438
Total estimated amortization expense	$	15,663