v3.26.3
INTANGIBLE ASSETS AND GOODWILL
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible assets, net, consist of the following:
(In thousands)September 30, 2026December 31, 2025
Capitalized software
$51,433 $44,849 
Acquired intangible assets9,310 9,310 
Other indefinite-lived intangible assets252 252 
Total intangible assets
60,995 54,411 
Less: accumulated amortization(34,779)(26,102)
Intangible assets, net$26,216 $28,309 
The Company capitalized $8.7 million and $6.3 million of software development costs, with the majority of the costs being employee wages, during the nine months ended September 30, 2026 and 2025, respectively. The Company recorded an impairment of capitalized software of $1.6 million and $2.1 million for the three and nine months ended September 30, 2026, respectively, which represents an impairment to write off the capitalization of an internal-use software project prior to being launched to the user base. No impairment was recognized during the three and nine months ended September 30, 2025. Amortization expense is included within the following financial statement line items within the Company’s Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income.
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2026202520262025
Cost of revenues$2,896 $2,131 $8,494 $6,299 
Sales and marketing
61 149 183 419 
Total
$2,957 $2,280 $8,677 $6,718 
The following table represents the changes to goodwill during the nine months ended September 30, 2026:
Carrying amount
Balance as of December 31, 2025
$35,335 
Acquisitions5,006 
Balance as of September 30, 2026
$40,341 
As of September 30, 2026 and December 31, 2025, $16.8 million and $17.7 million, respectively, of goodwill is deductible for tax purposes.