v3.26.3
Intangible Assets, Net
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, Net

Note 6 Intangible Assets, Net

The Company’s intangible assets, net consisted of the following (in thousands):

 

 

 

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

Weighted Average Useful Lives

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

Internally developed software

 

3.0 Years

 

$

36,362

 

 

$

(21,749

)

 

$

14,613

 

 

$

32,344

 

 

$

(18,724

)

 

$

13,620

 

Domain name

 

15.0 Years

 

 

121

 

 

 

(77

)

 

 

44

 

 

 

121

 

 

 

(71

)

 

 

50

 

Intangible assets, net

 

 

 

$

36,483

 

 

$

(21,826

)

 

$

14,657

 

 

$

32,465

 

 

$

(18,795

)

 

$

13,670

 

The future estimated amortization expense as of September 30, 2026, was as follows (in thousands):

 

 

 

 

 

IDS

 

 

Domain

 

2026 (remaining)

 

 

 

$

1,366

 

 

$

2

 

2027

 

 

 

 

6,312

 

 

 

8

 

2028

 

 

 

 

4,520

 

 

 

8

 

2029

 

 

 

 

2,415

 

 

 

8

 

Thereafter

 

 

 

 

-

 

 

 

18

 

Total future amortization

 

 

 

$

14,613

 

 

$

44

 

 

Amortization expense for the three and nine months ended September 30, 2026 was $1.6 million and $5.1 million, respectively. Amortization expense for the three and nine months ended September 30, 2025 was $1.7 million and $4.5 million, respectively. No significant impairment charges were recognized related to long-lived assets for the three and nine months ended September 30, 2026 and 2025.