INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Finite-lived Intangible Assets

The Company’s finite-lived and indefinite-lived intangible assets are summarized as follows (in thousands):

	March 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Useful Life (Years)
Developed technology	$	212,353	$	(103,449)	$	108,904	4.3
Customer relationships	75,950		(46,989)		28,961		5.8
Total finite-lived intangible assets	$	288,303	$	(150,438)	$	137,865	4.6

	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Remaining Useful Life (Years)
Developed technology	$	185,947	$	(95,216)	$	90,731	4.0
Customer relationships	71,050		(43,683)		27,367		4.9
Total finite-lived intangible assets	256,997		(138,899)		118,098		4.2
In-process research and development	2,848		—		2,848
Total intangible assets	$	259,845	$	(138,899)	$	120,946

Summary of Intangible Assets Amortization Expense

Amortization expense recorded on the Company’s finite-lived intangible assets is summarized as follows (in thousands):

	Three Months Ended March 31,
	2025		2024
Cost of revenue	$	7,602	$	5,885
Sales and marketing	3,305		3,106
Research and development	632		675
Total amortization of acquired intangible assets	$	11,539	$	9,666

Schedule of Goodwill

The following table presents the changes in carrying amount of goodwill during the three months ended March 31, 2025 (in thousands):

Beginning balance	$	549,651
Additions	23,706
Other adjustments, net(1)	26
Ending balance	$	573,383

(1) Includes the effect of foreign currency translation.