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Goodwill and Intangibles (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table summarizes intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Gross
Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross
Amount

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

 

$

254,550

 

 

$

30,772

 

 

$

223,778

 

 

$

20,550

 

 

$

15,606

 

 

$

4,944

 

Licensed data

 

 

25,718

 

 

 

20,248

 

 

 

5,470

 

 

 

20,010

 

 

 

17,828

 

 

 

2,182

 

Website domain

 

 

19

 

 

 

 

 

 

19

 

 

 

19

 

 

 

 

 

 

19

 

Trade names

 

 

41,000

 

 

 

5,964

 

 

 

35,036

 

 

 

8,000

 

 

 

3,429

 

 

 

4,571

 

Capitalized software

 

 

3,295

 

 

 

34

 

 

 

3,261

 

 

 

 

 

 

 

 

 

 

Developed technology - biotech

 

 

114,000

 

 

 

9,500

 

 

 

104,500

 

 

 

 

 

 

 

 

 

 

Developed technology - software

 

 

18,000

 

 

 

2,500

 

 

 

15,500

 

 

 

 

 

 

 

 

 

 

 

$

456,582

 

 

$

69,018

 

 

$

387,564

 

 

$

48,579

 

 

$

36,863

 

 

$

11,716

 

Summary of Estimated Future Amortization Expense Related to Intangible Assets

As of June 30, 2025, the estimated future amortization expense related to intangible assets is as follows (in thousands):

 

7/1/2025 - 12/31/2025

$

37,833

 

2026

 

73,953

 

2027

 

69,049

 

2028

 

63,245

 

2029

 

61,602

 

2030

 

40,534

 

Thereafter

 

41,329

 

Total

$

387,545