v3.26.3
Goodwill
9 Months Ended
Sep. 30, 2026
Goodwill  
Goodwill

7. Goodwill

Goodwill represents the excess of the purchase price over the fair value of net assets acquired in a business combination. Changes in the value of goodwill during the nine months ended September 30, 2026 were primarily driven by the Columbia Capital Acquisition in August 2026 and changes in exchange rates associated with goodwill balances denominated in foreign currencies.

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The following is a summary of goodwill activity for the nine months ended September 30, 2026:

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Balance as of 

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Impact of Change

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Balance as of 

December 31, 

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in Foreign

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September 30, 

2025

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Acquisition

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Exchange Rates

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2026

$

9,711,953

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$

499,143

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$

(160,533)

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$

10,050,563

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