Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

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 change in the carrying amount of goodwill during the three months ended March 31, 2026 is related to the AllTrue.ai and SlashNext acquisitions. For additional information regarding the acquisitions, see Note 4, "Business Combinations."

The following table reflects goodwill activity for the three months ended March 31, 2026 (in thousands):


	Amount (unaudited)
Balance at December 31, 2025	$	135,276
Goodwill acquired	81,525
Balance at March 31, 2026	$	216,801

Intangible Assets, net

The total cost and amortization of the Company's intangible assets for the period ended March 31, 2026 is comprised of the following (in thousands):


	March 31, 2026
	(unaudited)
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	55,321	$	(2,598)	$	52,723
Customer relationship	4,100		(253)		3,847
Non-compete	40		(14)		26
Total	$	59,461	$	(2,865)	$	56,596

Intangible assets are expensed on a straight-line basis over the useful life of the asset. The Company recorded amortization expense of $1,812 and $26 for the three months ended March 31, 2026 and 2025, respectively.

The following table summarizes estimated future amortization expense of the Company's intangible assets as of March 31, 2026 (in thousands):


	Amount
Years ending December 31,	(unaudited)
2026	$	8,072
2027	10,763
2028	10,438
2029	10,400
2030	10,400
Thereafter	6,523
Total future amortization expense	$	56,596