v3.26.3
Intangible Assets, Net and Certain Cloud Computing Costs
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, Net and Certain Cloud Computing Costs Intangible Assets, Net and Certain Cloud Computing Costs
Intangible assets, net consisted of the following (dollars in thousands):

Gross ValueAccumulated
Amortization		Net Carrying
Value		Weighted
Average
Remaining
Useful Life
(Years)
September 30, 2026
Client and other relationships$1,522,460 $(691,015)$831,445 9.7
Trademarks271,682 (257,533)14,149 1.1
Capitalized software development costs750,647 (525,527)225,120 2.0
Acquired technology330,950 (284,521)46,429 1.1
Intangible assets, net$2,875,739 $(1,758,596)$1,117,143 7.7
December 31, 2025
Client and other relationships$1,525,815 $(602,572)$923,243 10.3
Trademarks272,269 (226,370)45,899 1.3
Capitalized software development costs665,631 (416,448)249,183 2.0
Acquired technology331,973 (253,211)78,762 1.8
Intangible assets, net$2,795,688 $(1,498,601)$1,297,087 7.9

The following table presents the Company's amortization of intangible assets by component (in thousands):

Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Amortization of acquired intangibles$51,603 $43,523 $155,112 $130,306 
Amortization of capitalized software development costs36,683 42,234 111,442 128,419 
Amortization of intangible assets$88,286 $85,757 $266,554 $258,725 

During the three months ended December 31, 2025, the Company initiated a strategy to transition the remainder of its chronic condition management Clients and members to the Teladoc Health brand by December 31, 2026. In connection with the brand strategy, the Company has decreased the remaining useful life of the related trademarks asset, which increased amortization expense by $7.7 million, or $0.04 per share, and $23.0 million, or $0.13 per share, for the three and nine months ended September 30, 2026, respectively, and will increase amortization expense for the full year ending December 31, 2026 by $30.7 million.

Periodic amortization of intangible assets that will be charged to expense over the remaining life of the intangible assets as of September 30, 2026 was as follows (in thousands):

Years Ending December 31,
Remainder of 2026$91,239 
2027264,200 
2028167,919 
2029121,526 
2030 and thereafter472,259 
$1,117,143 

Net cloud computing costs, which are primarily related to the implementation of the Company's customer relationship management (“CRM”) and enterprise resource planning (“ERP”) systems, are recorded in “Other assets” within the Company's Condensed Consolidated Balance Sheets. As of September 30, 2026 and December 31, 2025, those
costs were $41.6 million and $45.4 million, respectively. The associated expense for cloud computing costs, which is recorded in general and administration expense, was $2.9 million and $2.5 million for the three months ended September 30, 2026 and 2025, respectively. For the nine months ended September 30, 2026 and 2025, the associated expense for cloud computing cost was $8.3 million and $6.3 million, respectively. The capitalized cloud computing implementation costs are amortized over the shorter of the term of the related cloud computing arrangement or the period of benefit from the right to access the hosted software. The amortization period will be periodically reassessed to determine if it continues to be reasonable.