Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the years ended December 31, 2025 and December 31, 2024 were as follows (in thousands):


	TASER		Software and Sensors		Connected Devices		Software and Services		Total
Balance at December 31, 2023	$	2,984	$	54,961	$	—	$	—	$	57,945
Goodwill acquired	—		701,695		—		—		701,695
Purchase accounting adjustments	—		(479)		—		—		(479)
Foreign currency translation adjustments	(131)		(2,192)		—		—		(2,323)
Balance at December 31, 2024	2,853		753,985		—		—		756,838
Reallocation of goodwill from Segment Realignment (1)	(2,853)		(753,985)		46,674		710,164		—
Goodwill acquired	—		—		4,733		612,295		617,028
Purchase accounting adjustments	—		—		(446)		(7,082)		(7,528)
Foreign currency translation adjustments	—		—		288		3,563		3,851
Balance at December 31, 2025	$	—	$	—	$	51,249	$	1,318,940	$	1,370,189

(1)Due to the Segment Realignment, the goodwill balances as of December 31, 2024 have been recast to conform to the new segment presentation. Refer to Note 1 for additional details.

There were no accumulated impairment losses as of December 31, 2025 and 2024.

Intangible assets (other than goodwill) consisted of the following at December 31, 2025 and December 31, 2024 (in thousands):


		December 31, 2025						December 31, 2024
	Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable (definite-lived) intangible assets:
Developed technology	3 ‑ 8 years	$	183,122	$	(44,399)	$	138,723	$	118,322	$	(21,337)	$	96,985
Customer relationships	5 ‑ 10 years	41,329		(8,960)		32,369		33,223		(4,716)		28,507
Issued trademarks	3 ‑ 23 years	9,900		(3,856)		6,044		6,706		(1,784)		4,922
Issued patents	8 ‑ 26 years	3,017		(1,602)		1,415		2,931		(1,470)		1,461
Domain names	5 ‑ 10 years	3,043		(2,738)		305		3,043		(2,433)		610
Total amortizable		240,411		(61,555)		178,856		164,225		(31,740)		132,485
Non-amortizable (indefinite-lived) intangible assets:
In-process research and development (1)		16,600		—		16,600		41,000		—		41,000
Trademarks		1,068		—		1,068		1,068		—		1,068
Patents and trademarks pending		448		—		448		604		—		604
Total non-amortizable		18,116		—		18,116		42,672		—		42,672
Total intangible assets		$	258,527	$	(61,555)	$	196,972	$	206,897	$	(31,740)	$	175,157

(1) During the year ended December 31, 2025, $24.4 million of in-process research and development costs were placed into service.

Amortization expense of intangible assets was $29.8 million, $17.4 million and $4.5 million for the years ended December 31, 2025, 2024, and 2023, respectively. Estimated amortization for intangible assets with definite lives for the next five years ended December 31, and thereafter, is as follows (in thousands):


2026	$	39,510
2027	38,278
2028	36,046
2029	33,698
2030	22,181
Thereafter	9,143
Total	$	178,856