5. Intangible Assets, Net The components of the Company’s intangible assets as of March 31, 2026 and December 31, 2025 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2026 |
|
(In thousands, except useful life) |
|
Useful Life |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Existing technology |
|
3 to 10 years |
|
$ |
284,051 |
|
|
$ |
(275,556 |
) |
|
$ |
8,495 |
|
Customer contracts and contractual relationships |
|
0.5 to 10 years |
|
|
37,496 |
|
|
|
(37,496 |
) |
|
|
— |
|
Non-compete agreements and trademarks |
|
3 years |
|
|
300 |
|
|
|
(300 |
) |
|
|
— |
|
Total intangible assets |
|
|
|
$ |
321,847 |
|
|
$ |
(313,352 |
) |
|
$ |
8,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
(In thousands, except useful life) |
|
Useful Life |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Existing technology |
|
3 to 10 years |
|
$ |
287,301 |
|
|
$ |
(277,130 |
) |
|
$ |
10,171 |
|
Customer contracts and contractual relationships |
|
0.5 to 10 years |
|
|
37,496 |
|
|
|
(37,496 |
) |
|
|
— |
|
Non-compete agreements and trademarks |
|
3 years |
|
|
300 |
|
|
|
(300 |
) |
|
|
— |
|
Total intangible assets |
|
|
|
$ |
325,097 |
|
|
$ |
(314,926 |
) |
|
$ |
10,171 |
|
Amortization expense for intangible assets for each of the three months ended March 31, 2026 and 2025 was $1.7 million. The estimated future amortization of intangible assets as of March 31, 2026 was as follows (in thousands):
|
|
|
|
|
Years Ending December 31: |
|
Amount |
|
2026 (remaining nine months) |
|
$ |
3,843 |
|
2027 |
|
|
1,939 |
|
2028 |
|
|
1,480 |
|
2029 |
|
|
1,233 |
|
Total intangible assets |
|
$ |
8,495 |
|
|