Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The components of goodwill and intangible assets and accumulated amortization are as follows (in thousands):


	As of June 30, 2024
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions	Indefinite	$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	0.3 years	13,200		(12,213)		987
Customer relationships	5.1 years	7,507		(4,137)		3,370
Launched in-process research and development assets	2.2 years	960		(528)		432
Total finite-lived intangible assets		21,667		(16,878)		4,789
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		$	144,839	$	(16,878)	$	127,961


	As of December 31, 2023
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions	Indefinite	$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	0.8 years	13,200		(10,820)		2,380
Customer relationships	5.4 years	7,507		(3,669)		3,838
Launched in-process research and development assets	2.7 years	960		(431)		529
Total finite-lived intangible assets		21,667		(14,920)		6,747
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		$	144,839	$	(14,920)	$	129,919

Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2024 was $1.0 million and $2.0 million, respectively, and is included in depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations. Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2023 was $1.0 million and $2.0 million, respectively, and is included in depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations.

The table below presents estimated future amortization expense for finite-lived intangible assets as of June 30, 2024 (in thousands):


	Amount
Remainder of 2024	$	1,505
2025	802
2026	754
2027	610
2028	610
Thereafter	508
Total	$	4,789