Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

10. Goodwill and Intangible Assets

Goodwill

The Company performed an annual qualitative goodwill assessment related to its reporting unit as of October 1, 2025. The Company determined that no triggering events occurred that would require the Company to quantitatively test goodwill for impairment during the year ended December 31, 2025. As of December 31, 2025, the Company believes that the estimated fair value of its reporting unit remains significantly in excess of its respective carrying value and therefore is not at-risk of being impaired. As a result, the Company did not have any impairment losses during the years ended December 31, 2025 and 2024. To the extent this reporting unit realizes actual operating results below forecasted results, realizes decreases in forecasted results as compared to previous forecasts, or the estimated fair value of the reporting unit decreases (as a result of, among other things, changes in market capitalization, including further declines in the stock price), the Company may incur goodwill impairment charges in the future. Goodwill was as follows:

	Gross Carrying Amount		Accumulated Impairment Losses		Net Carrying Value of Goodwill
	(in thousands)
	December 31, 2025
Balance as of January 1, 2025	$	10,260	$	—	$	10,260
Fair value adjustment related to acquisition	19		—		19
Balance as of December 31, 2025	$	10,279	$	—	$	10,279
	December 31, 2024
Balance as of January 1, 2024	$	9,393	$	—	$	9,393
Acquisition	867		—		867
Balance as of December 31, 2024	$	10,260	$	—	$	10,260

Intangible Assets - net

Intangible assets - net was as follows:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in thousands)
	December 31, 2025
Finite-lived intangible assets:
Trade names and trademarks	$	1,200	$	(512)	$	688
Customer relationships	5,614		(5,380)		234
Total finite-lived intangible assets:	6,814		(5,892)		922
Indefinite-lived intangible assets:
In-process research and development	3,500		—		3,500
Total intangible assets at December 31, 2025	$	10,314	$	(5,892)	$	4,422
	December 31, 2024
Finite-lived intangible assets:
Trade names and trademarks	$	1,200	$	(49)	$	1,151
Customer relationships	5,614		(4,819)		795
Total finite-lived intangible assets:	6,814		(4,868)		1,946
Indefinite-lived intangible assets:
In-process research and development	3,500		—		3,500
Total intangible assets at December 31, 2024	$	10,314	$	(4,868)	$	5,446

For the years ended December 31, 2025 and 2024, amortization expense related to intangible assets was $1.0 million and $0.6 million, respectively. These amounts are included in depreciation and amortization expense in the consolidated statements of operations and comprehensive loss. The Company estimates that it will have the following amortization expense related to finite-lived intangible assets for the future periods indicated below:

For the years ending December 31:	(in thousands)
2026	$	922
2027	—
2028	—
2029	—
2030	—
Total	$	922