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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill and Intangible Assets with Indefinite Lives The following is a summary of changes in goodwill and intangible assets with indefinite lives for the year ended December 31, 2025:

 

 

(In thousands)

 

Balance at December 31, 2024

 

$

236,706

 

Goodwill from the 2025 RFQ-hub Acquisition

 

 

46,961

 

Balance at December 31, 2025

 

$

283,667

 

 

 

 

 

Summary of Company's Intangible Assets

Intangible assets with definite lives, including the related accumulated amortization, are comprised of the following:

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

Cost

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

 

 

(In thousands)

 

Customer relationships

 

$

155,492

 

 

$

(80,539

)

 

$

74,953

 

 

$

138,089

 

 

$

(64,698

)

 

$

73,391

 

Developed technology

 

 

55,970

 

 

 

(21,984

)

 

 

33,986

 

 

 

39,070

 

 

 

(15,501

)

 

 

23,569

 

Other

 

 

2,760

 

 

 

(1,070

)

 

 

1,690

 

 

 

2,060

 

 

 

(942

)

 

 

1,118

 

Total

 

$

214,222

 

 

$

(103,593

)

 

$

110,629

 

 

$

179,219

 

 

$

(81,141

)

 

$

98,078