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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
 
Goodwill

Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired less liabilities assumed arising from business combinations. The Company believes the goodwill represents the synergies expected from expanded market opportunities when integrating with its offerings.

The changes in the carrying amount of goodwill for the nine months ended September 30, 2025 is due to the Cyral and SlashNext acquisitions. For additional information regarding the acquisitions, see Note 4.

The following table reflects goodwill activity for the nine months ended September 30, 2025 (in thousands):

 Amount
(unaudited)
Balance at December 31, 2024
$23,135 
Goodwill acquired112,041 
Balance at September 30, 2025
$135,176 
Intangible Assets, net

The total cost and amortization of the Company's intangible assets for the period ended September 30, 2025 is comprised of the following (in thousands):

September 30, 2025
(unaudited)
 Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Developed technology$14,400 $(470)$13,930 
Customer relationship3,400 (31)3,369 
Non-compete40 (7)33 
Total$17,840 $(508)$17,332 

Intangible assets are expensed on a straight-line basis over the useful life of the asset. The Company recorded amortization expense of $312 and $508 for the three and nine months ended September 30, 2025, respectively, and $381 and $1,143 for the three and nine months ended September 30, 2024, respectively.

The following table summarizes estimated future amortization expense of the Company's intangible assets as of September 30, 2025 (in thousands):

 Amount
Years ending December 31,(unaudited)
2025$555 
20262,220 
20272,220 
20282,209 
20292,207 
Thereafter7,921 
Total future amortization expense$17,332