Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill

On December 4, 2025, upon the acquisition of Foresight Diagnostics the Company recorded $141.1 million of goodwill. See Note 3, Business Combination, for additional information. During the three and six months ended June 30, 2026, the Company recorded immaterial measurement period adjustments and no impairment of goodwill.

Intangible Assets

The Company’s intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives, which range from 3 to 15 years. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable.

Intangible assets are comprised of the following:


			June 30,		December 31,
	Useful Life		2026		2025
	(in thousands)
Developed technology	15 years	$	335,300	$	335,300
Customer-relationships	3-10 years		12,795		12,795
License and trademarks	6-10 years		31,274		30,500
Total			379,369		378,595
Less: Accumulated amortization			(19,165)		(4,882)
Total Intangible Assets, net		$	360,204	$	373,713

Amortization expense related to acquired intangible assets for the three and six months ended June 30, 2026 were $5.7 million and $11.4 million, respectively. The Company had no amortization expense related to acquired intangible assets for the three and six months ended June 30, 2025, respectively. Amortization expense related to other intangible assets for the three and six months ended June 30, 2026 was $1.5 million and $2.9 million, respectively. Amortization expense related to other intangible assets for the three and six months ended was immaterial. The Company determined that no events occurred or circumstances changed during the reporting periods ended June 30, 2026 and December 31, 2025 that would indicate that its intangible assets with finite lives may not be recoverable. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future. The Company has not recorded

impairment charges on its finite-lived intangible assets for the periods presented in the condensed consolidated financial statements.

The estimated future aggregate amortization expense as of June 30, 2026 is as follows:


(in thousands)
Year ending December 31:
2026 (remaining 6 months)	$	14,319
2027	28,636
2028	28,613
2029	28,336
2030	28,336
2031 and thereafter	231,964
Total	$	360,204