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Acquisitions, Intangible Assets and Goodwill
 3 Months Ended
Mar. 31, 2025
Acquisitions, Intangible Assets And Goodwill [Abstract]  
Acquisitions, Intangible Assets and Goodwill Acquisitions, Intangible Assets and Goodwill
2024 Acquisitions
During the year ended December 31, 2024, the Company entered into one purchase agreement for an acquisition of a business, which was accounted for as a business combination in accordance with ASC 805, Business Combinations. The Company does not consider this acquisition to be material. The total purchase price was allocated to intangible assets in the amount of $0.7 million and goodwill in the amount of $10.2 million based on the respective estimated fair values. The resulting goodwill from the agreements is not deductible for income tax purposes. Pro forma results of operations from the acquisition have not been presented because they were not material to the consolidated results of operations.
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
March 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Amortization
Period
Developed technology$10,918 $(8,314)$2,604 3 Years
Customer relationships3,300 (3,278)22 4 Years
Total$14,218 $(11,592)$2,626 
December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Amortization
Period
Developed technology$10,918 $(7,432)$3,486 3 years
Customer relationships3,300 (3,075)225 4 years
Total$14,218 $(10,507)$3,711 
Intangible amortization expense was approximately $1.1 million and $2.2 million for the three months ended March 31, 2025 and 2024, respectively.
As of March 31, 2025, future amortization expense by year is expected to be as follows (in thousands):
 Amount
Remainder of 2025$1,685 
2026743 
2027198 
Total$2,626 
Goodwill
The changes in the carrying amount of goodwill were as follows (in thousands):
Amount
Balance as of December 31, 2024$360,381 
Foreign currency translation adjustments1,357 
Balance as of March 31, 2025$361,738 
Acquisitions, Intangible Assets and Goodwill Acquisitions, Intangible Assets and Goodwill
2024 Acquisitions
During the year ended December 31, 2024, the Company entered into one purchase agreement for an acquisition of a business, which was accounted for as a business combination in accordance with ASC 805, Business Combinations. The Company does not consider this acquisition to be material. The total purchase price was allocated to intangible assets in the amount of $0.7 million and goodwill in the amount of $10.2 million based on the respective estimated fair values. The resulting goodwill from the agreements is not deductible for income tax purposes. Pro forma results of operations from the acquisition have not been presented because they were not material to the consolidated results of operations.
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
March 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Amortization
Period
Developed technology$10,918 $(8,314)$2,604 3 Years
Customer relationships3,300 (3,278)22 4 Years
Total$14,218 $(11,592)$2,626 
December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Amortization
Period
Developed technology$10,918 $(7,432)$3,486 3 years
Customer relationships3,300 (3,075)225 4 years
Total$14,218 $(10,507)$3,711 
Intangible amortization expense was approximately $1.1 million and $2.2 million for the three months ended March 31, 2025 and 2024, respectively.
As of March 31, 2025, future amortization expense by year is expected to be as follows (in thousands):
 Amount
Remainder of 2025$1,685 
2026743 
2027198 
Total$2,626 
Goodwill
The changes in the carrying amount of goodwill were as follows (in thousands):
Amount
Balance as of December 31, 2024$360,381 
Foreign currency translation adjustments1,357 
Balance as of March 31, 2025$361,738