Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 10. Intangible Assets, Net

The following is a summary of intangible assets with definite and indefinite lives (in thousands):

	Balance at September 30, 2025						Balance at December 31, 2024
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Definite Lived:
Customer relationships	$	9,180	$	7,700	$	1,480	$	9,180	$	6,839	$	2,341
Indefinite Lived:
Tradename		10,750		—		10,750		10,750		—		10,750
Total intangible assets	$	19,930	$	7,700	$	12,230	$	19,930	$	6,839	$	13,091

For each of the three months ended September 30, 2025 and 2024, amortization expense was $0.3 million and for each of the nine months ended September 30, 2025 and 2024, amortization expense was $0.9 million.

As of September 30, 2025, the remaining weighted-average useful life of definite lived intangible assets was 1.3 years. The estimated future amortization expense of intangible assets with definite lives was as follows (in thousands):

	Amount
Remainder of 2025	$	287
2026		1,148
2027		45
Estimated future amortization expense of definite-lived intangible assets	$	1,480