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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
5. Goodwill and Intangible Assets

The following table details the changes in goodwill during the fiscal years ended December 31, 2024 and 2023 (in thousands):

Carrying Amount
Balance as of December 31, 2022
$26,349 
Foreign currency translation adjustments757 
Balance as of December 31, 2023
27,106 
Foreign currency translation adjustments(1,551)
Balance as of December 31, 2024
$25,555 

Intangible assets, net consisted of the following as of December 31, 2024 and 2023 (in thousands):

As of December 31,
20242023
Developed technology$6,685 $7,091 
Customer relationships
896 950 
Intangible assets, gross7,581 8,041 
Less: Accumulated amortization(5,341)(4,152)
Intangible assets, net$2,240 $3,889 

Intangible amortization expense was $1.5 million for each of the years ended December 31, 2024, 2023, and 2022. As of December 31, 2024, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 1.7 years and 6.3 years, respectively.

The following table shows the projected annual amortization expense related to amortizable intangible assets as of December 31, 2024 (in thousands):

Year Ended December 31,
2025$1,135 
2026730 
202790 
202890 
202990 
Thereafter105 
Total projected amortization expense$2,240