Intangible Assets, Net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net consist of the following:


	December 31, 2025									December 31, 2024
	Weighted Average Remaining Useful Life		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Remaining Useful Life		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Developed technology		5.4	$	137,371	$	(52,477	)	$	84,894		5.8	$	121,893		$	(33,609	)	$	88,284
Software licenses		1.6		20,392		(12,289	)	$	8,103		2.8		23,706			(6,243	)		17,463
Customer relationships		6.8		47,113		(14,372	)	$	32,741		7.6		43,159			(9,118	)		34,041
Intellectual property licenses		0.3		1,962		(1,736	)	$	226		0.8		1,947			(1,736	)		211
Trade names		4.1		26,899		(11,627	)	$	15,272		4.9		26,301			(7,496	)		18,805
Backlog		1.3		2,696		(2,482	)	$	214		0.6		2,296			(1,683	)		613
Effect of exchange rate on gross carrying amount				3,898		—		$	3,898				(6,662	)		—			(6,662	)
Intangible assets with finite lives				240,331		(94,983	)		145,348				212,640			(59,885	)		152,755
IPR&D				50,301		—		$	50,301				57,390			—			57,390
Effect of exchange rate on gross carrying amount				259		—		$	259				(1,201	)		—			(1,201	)
Total intangible assets with indefinite lives				50,560		—			50,560				56,189			—			56,189
Total intangible assets			$	290,891	$	(94,983	)	$	195,908			$	268,829		$	(59,885	)	$	208,944

The Company obtained software licenses, which it uses for its research and development efforts related to its products. In both fiscal 2025 and 2024, the Company acquired developed technology, customer relationships, trade names, backlog and IPR&D as a result of business combinations. See Note 3 — Business Combinations for additional information. Further, during the year ended December 31, 2024, the Company acquired $20,585 of software licenses with a contractual life of three years and retired fully amortized intangible assets of $20,345 of software licenses.

Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. The Company monitors and assesses both the above intangible assets with finite lives and IPR&D for impairment on a periodic basis. For the year ended December 31, 2025, the Company recorded $3,260 of impairment charges related to certain software licenses as part of its 2025 Restructuring Plan (see Note 4 - Restructuring Costs). For the years ended December 31, 2024 and 2023, the Company determined that there was no impairment of intangible assets.

Amortization of intangible assets for the years ended December 31, 2025, 2024 and 2023 was $32,033, $33,244, and $26,481, respectively, and is included within Cost of goods sold, Research and development expenses, and Selling, general and administrative expenses based on their respective nature, in the consolidated statements of operations.

Based on the amount of definite-lived intangible assets subject to amortization as of December 31, 2025, amortization expense for each of the next five fiscal years is expected to be as follows:


2026	$	32,432
2027		26,486
2028		23,065
2029		21,371
2030		6,555
Thereafter		35,439
Total	$	145,348