| Summary of Intangible Assets, Net |
Intangible assets, net is composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Developed technology |
|
$ |
798,092 |
|
|
$ |
657,690 |
|
Naming rights |
|
|
62,844 |
|
|
|
48,084 |
|
Customer relationships |
|
|
318,651 |
|
|
|
43,087 |
|
Internal-use software |
|
|
46,779 |
|
|
|
28,340 |
|
Trademark |
|
|
52,910 |
|
|
|
19,577 |
|
In-process research and development |
|
|
18,800 |
|
|
|
18,800 |
|
Non-compete agreements |
|
|
8,390 |
|
|
|
8,839 |
|
Patents |
|
|
7,343 |
|
|
|
7,345 |
|
Website and other |
|
|
776 |
|
|
|
377 |
|
Gross intangible assets |
|
|
1,314,585 |
|
|
|
832,139 |
|
Less: accumulated amortization |
|
|
(169,524 |
) |
|
|
(64,707 |
) |
Total intangible assets, net |
|
$ |
1,145,061 |
|
|
$ |
767,432 |
|
|