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Goodwill and Intangible Assets, Net
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The following table summarizes changes in goodwill for the nine months ended September 30, 2026 and year ended December 31, 2025 (in thousands):
September 30,December 31,
20262025
Balance at beginning of period
$30,078 $30,078 
Additions
5,390 — 
Balance at end of period$35,468 $30,078 
Intangible assets, net as of September 30, 2026 consist of (in thousands):
Gross Carrying Value
Accumulated
Amortization
Net
Customer relationships
$32,889 $24,336 $8,553 
Tradenames and trademarks
3,395 3,395 — 
Intellectual property
150 130 20 
Capitalized internal use software
2,871 172 2,699 
Total intangible assets, net
$39,305 $28,033 $11,272 
Intangible assets, net as of December 31, 2025 consist of (in thousands):
Gross Carrying Value
Accumulated
Amortization
Net
Customer relationships
$24,271 $23,860 $411 
Tradenames and trademarks
3,395 3,395 — 
Intellectual property
150 108 42 
Capitalized internal use software
2,211 121 2,090 
Total intangible assets, net
$30,027 $27,484 $2,543 
Amortization expense for intangible assets for the three months ended September 30, 2026 and 2025 was $0.3 million, and $0.1 million, respectively, and was $0.5 million and $0.4 million for the nine months ended September 30, 2026 and 2025, respectively.
Scheduled remaining amortization expense is presented in the table below (in thousands):
Fiscal Year
Amortization
Expense
Remainder of 2026$311 
20271,000 
2028862 
2029862 
2030862 
Thereafter 4,696 
Total
$8,593 
As of September 30, 2026, the Company capitalized internally developed software of $2.7 million for software that is not yet ready for its intended use. This software has a useful life of three years and is expected to commence amortization during the year ending December 31, 2027.