Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2025

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 March 31, 2025
	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	0.0 years	13,200		(13,200)		—
Client relationships	4.6 years	7,507		(4,711)		2,796
Launched IPR&D assets	1.5 years	960		(672)		288
Total finite-lived intangible assets		21,667		(18,583)		3,084
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	$	(18,583)	$	126,256

	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	0.0 years	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

Amortization expense related to finite-lived intangible assets for the three months ended March 31, 2025 and 2024 was $0.2 million and $1.0 million, respectively, and is included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations.

The table below presents estimated future amortization expense for finite-lived intangible assets as of March 31, 2025 (in thousands):

	Amount
Remainder of 2025	$	602
2026	754
2027	610
2028	610
2029	508
Total	$	3,084