Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of the Activity Impacting Goodwill

A summary of the activity impacting goodwill is presented below (in thousands):

Balance as of December 31, 2025

 

$

7,472

 

Measurement period adjustments

 

 

—

 

Balance as of June 30, 2026

 

$

7,472

 

 
Schedule of Cost, Accumulated Amortization and Weighted Average Remaining Life

The following table shows the cost, accumulated amortization, and weighted average remaining life for the acquired intangible assets as of the dates indicated in the tables below (in thousands):

 

 

June 30, 2026

 

 

 

Weighted average remaining life
(in years)

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Developed Technology

 

9

 

$

11,890

 

 

$

(694

)

 

$

11,196

 

Customer Relationships

 

5

 

 

1,650

 

 

 

(160

)

 

 

1,490

 

Trademark/Trade Name

 

<1

 

 

550

 

 

 

(321

)

 

 

229

 

Total intangible assets

 

9

 

$

14,090

 

 

$

(1,175

)

 

$

12,915

 

 

 

 

December 31, 2025

 

 

 

Weighted average remaining life
(in years)

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Developed Technology

 

10

 

$

11,890

 

 

$

(99

)

 

$

11,791

 

Customer Relationships

 

6

 

 

1,650

 

 

 

(23

)

 

 

1,627

 

Trademark/Trade Name

 

1

 

 

550

 

 

 

(46

)

 

 

504

 

Total intangible assets

 

9

 

$

14,090

 

 

$

(168

)

 

$

13,922

 
Schedule of Amortization Expense

The tables below set forth amortization expense for the periods presented (in thousands):

 

 

 

 

Three Months Ended June 30,

 

Intangible asset

 

Location

 

2026

 

 

2025

 

Developed Technology

 

Cost of revenue

 

$

298

 

 

$

-

 

Customer Relationships

 

Sales and marketing expenses

 

 

68

 

 

 

-

 

Trademark/Trade Name

 

Sales and marketing expenses

 

 

137

 

 

 

-

 

Total amortization expense

 

 

 

$

503

 

 

$

-

 

 

 

 

 

 

Six Months Ended June 30,

 

Intangible asset

 

Location

 

2026

 

 

2025

 

Developed Technology

 

Cost of revenue

 

$

595

 

 

$

-

 

Customer Relationships

 

Sales and marketing expenses

 

 

137

 

 

 

-

 

Trademark/Trade Name

 

Sales and marketing expenses

 

 

275

 

 

 

-

 

Total amortization expense

 

 

 

$

1,007

 

 

$

-

 
Schedule of Estimated Future Annual Amortization of Finite-Lived Intangible Assets

The estimated future annual amortization of finite-lived intangible assets is shown in the following table (in thousands). Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors.

Year:

 

Amortization Expense

 

Remainder of 2026

 

$

961

 

2027

 

 

1,464

 

2028

 

 

1,464

 

2029

 

 

1,464

 

2030

 

 

1,464

 

Thereafter

 

 

6,098

 

Total

 

$

12,915