v3.26.3
Intangible Assets
9 Months Ended
Sep. 30, 2026
Intangible Asset, Excluding Goodwill, after Accumulated Amortization [Abstract]  
Intangible Assets
5. Intangible Assets
The following table presents details of the Company’s acquired intangible assets as of September 30, 2026 and December 31, 2025 (in thousands):
As of September 30, 2026
Gross Carrying Amount
Accumulated Amortization
Net
Finite-lived intangible assets:
Customer relationships
$
6,762 
$
(4,169)
$
2,593 
Trade secrets and processes
5,256 
(2,300)
2,956 
Total intangible assets
$
12,018 
$
(6,469)
$
5,549 

As of December 31, 2025
Gross Carrying Amount
Accumulated Amortization
Net
Finite-lived intangible assets:
Customer relationships
$
6,999 
$
(3,966)
$
3,033 
Trade secrets and processes
5,256 
(2,103)
3,153 
Total intangible assets
$
12,255 
$
(6,069)
$
6,186 
The gross carrying amount and accumulated amortization of the customer relationships are the only intangible assets subject to foreign currency translation effects. The Company’s $5.3 million trade secrets and processes intangible asset was recognized in connection with a royalty buyout agreement in 2018.
The following table presents the amortization recorded related to the Company’s finite-lived intangible assets for the three and nine months ended September 30, 2026 and 2025 (in thousands):
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Cost of revenue
$
66 
$
66 
$
197 
$
197 
Sales, general and administrative
114 
116 
346 
333 
Total
$
180 
$
182 
$
543 
$
530