Goodwill and Intangible Assets (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Goodwill and Intangible Assets [Abstract]

Schedule of Goodwill

The following table summarizes the changes to goodwill (in thousands):

			Amount
Balance at January 1, 2025			$19,544
Addition			793,426
Balance at June 30, 2025			$812,970

The following table summarizes the changes to goodwill (in thousands):

			Amount
Balance at January 1, 2023			$97
Addition from the acquisition of Conductor			19,447
Balance at December 31, 2023 and 2024			$19,544

Schedule of finite-lived intangible assets

Intangible assets, net consisted of the following (dollars in thousands):

			June 30, 2025												December 31, 2024
			Weighted- Average Remaining Useful Lives (in years)			Acquired Intangibles, Gross			Accumulated Amortization			Acquired Intangibles, Net			Acquired Intangibles, Gross			Accumulated Amortization			Acquired Intangibles, Net
Acquired technologies			5			$167,253			$(9,271)			$157,982			$5,453			$(3,611)			$1,842
Other(1)			10			49,697			(1,784)			47,913			3,897			(830)			3,067
Total						$216,950			$(11,055)			$205,895			$9,350			$(4,441)			$4,909

(1)
Included in Other are customer relationships and trade names.

Intangible assets, net consisted of the following (in thousands):

			December 31, 2023									December 31, 2024
			Acquired Intangibles, Gross			Accumulated Amortization			Acquired Intangibles, Net			Acquired Intangibles, Gross			Accumulated Amortization			Acquired Intangibles, Net
Acquired technologies			$5,453			$(1,600)			$3,853			$5,453			$(3,611)			$1,842
Other(1)			3,897			(747)			3,150			3,897			(830)			3,067
Total			$9,350			$(2,347)			$7,003			$9,350			$(4,441)			$4,909

(1)
Included in Other are customer relationships and trade names.

Finite-lived intangible assets amortization expense

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

Years Ending December 31,			Amount
Remaining portion of 2025			$18,940
2026			36,264
2027			36,250
2028			36,082
2029			36,069
Thereafter			42,290
Total expected future amortization expense			$205,895

As of December 31, 2024, the expected future amortization expense related to intangible assets was as follows (in thousands):

Years Ending December 31,			Amount
2025			$2,058
2026			441
2027			427
2028			261
2029			246
Thereafter			1,476
Total expected future amortization expense			$4,909