Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2025

Intangible Assets and Goodwill

Schedule reflecting the composition of intangible assets and goodwill

The following table presents the composition of the Company’s intangible assets and goodwill (in thousands):

	Weighted-	As of June 30, 2025						As of December 31, 2024
	Average	Gross						Gross
	Amortization	Carrying		Accumulated		Net		Carrying		Accumulated		Net
	Period (in years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed technology	11.4	$	252,200	$	(123,808)	$	128,392	$	252,200	$	(112,762)	$	139,438
Customer relationships	5.0		14,100		(14,100)		-		14,100		(14,100)		-
License	4.0		5,190		(216)		4,974		5,190		(83)		5,107
In place leases	3.8		666		-		666		-		-		-
Developed technology and customer relationships	9.0		17,800		(241)		17,559		-		-		-
Intangible assets subject to amortization			289,956		(138,365)		151,591		271,490		(126,945)		144,545
In-process research and development	Indefinite	$	118,900	$	-	$	118,900	$	118,900	$	-	$	118,900
Total		$	408,856	$	(138,365)	$	270,491	$	390,390	$	(126,945)	$	263,445
Goodwill	Indefinite	$	66,710	$	-	$	66,710	$	66,134	$	-	$	66,134

Schedule of expected amortization of finite-lived intangible assets

As of June 30, 2025, expected amortization expense for unamortized finite-lived intangible assets for the next five years and thereafter is as follows (in thousands):

	Amortization Expense
Remainder of 2025	$	12,830
2026		25,976
2027		26,326
2028		24,205
2029		23,526
Thereafter		38,728
Total amortization	$	151,591