Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

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

	As of December 31, 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	(1)	13,200		(13,200)		—
Client relationships	4.8 years	7,507		(4,559)		2,948
Launched IPR&D assets	1.8 years	960		(624)		336
Total finite-lived intangible assets		21,667		(18,383)		3,284
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total goodwill and intangible assets		$	144,839	$	(18,383)	$	126,456

(1) Developed technology was fully amortized as of December 31, 2024 and remains in service.

	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
Client relationships	5.4 years	7,507		(3,669)		3,838
Launched IPR&D 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 goodwill and intangible assets		$	144,839	$	(14,920)	$	129,919

Amortization expense related to finite-lived intangible assets for the years ended December 31, 2024 and 2023 was $3.5 million and $4.0 million, respectively, and is included in depreciation and amortization in the accompanying consolidated statements of operations.

The table below presents estimated future amortization expense for finite-lived intangible assets as of December 31, 2024 (in thousands):

	Amount
2025	$	802
2026	754
2027	610
2028	610
2029	508
Total	$	3,284