Intangible Assets

3 Months Ended

Mar. 31, 2026

Intangible Assets, Net (Excluding Goodwill) [Abstract]

9. INTANGIBLE ASSETS

Intangible assets as of March 31, 2026 and December 31, 2025, consisted of the following:


			As of March 31, 2026							As of December 31, 2025
(In thousands excluding years)	Weighted Average Useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships		11.0	$	55,540	$	(26,231	)	$	29,309	$	56,244	$	(25,306	)	$	30,938
Backlog		1.7		60,077		(60,077	)		—		61,081		(61,081	)		—
Developed technology		7.4		431,208		(180,675	)		250,533		429,329		(168,073	)		261,256
Licensed technology		9.0		5,900		(5,272	)		628		5,900		(5,108	)		792
Licensed agreements		8.5		560		(456	)		104		560		(446	)		114
Trade names		2.8		31,078		(30,372	)		706		31,598		(30,651	)		947
Total			$	584,363	$	(303,083	)	$	281,280	$	584,712	$	(290,665	)	$	294,047

No impairment losses of intangible assets were recorded during the three months ended March 31, 2026 and 2025.

Amortization expense was $16.9 million and $14.9 million in the three months ended March 31, 2026 and 2025, respectively, and was included in cost of revenue, selling, general and administrative expenses and research and development expenses in the Condensed Consolidated Statements of Loss.

During the three months ended March 31, 2026, the Company had development costs of $8.4 million for developed technology assets with a weighted average amortization period of three years with no expected residual value.

Estimated future amortization expense of intangible assets is as follows:


	As of
(In thousands)	March 31, 2026
2026	$	52,238
2027		64,630
2028		55,854
2029		47,215
2030		44,627
Thereafter		16,716
Total	$	281,280