v3.25.4

Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 9. Intangible Assets and Goodwill Intangible assets Intangible assets as of December 31, 2025 and 2024 consist of the following:
|  | Weighted Average Remaining Useful Life (in Years) |  | December 31, |
|  |  |  | 2025 |  |  | 2024 |
|  |  |  | (in thousands) |
Acquired technology |  | 3.3 |  | $ | 60,199 |  |  | $ | 49,791 |
Domain name |  | 3.3 |  |  | 10,000 |  |  |  | 10,000 |
Sublease asset |  | 0.3 |  |  | 980 |  |  |  | 980 |
Other intangible assets |  | 1.6 |  |  | 1,450 |  |  |  | 1,279 |
Total intangible assets |  |  |  |  | 72,629 |  |  |  | 62,050 |
Accumulated amortization |  |  |  |  | (37,404 | ) |  |  | (24,487 | )
Intangible assets, net |  |  |  | $ | 35,225 |  |  | $ | 37,563 |
The Company has intangible assets acquired through business acquisitions (Note 8). The estimated useful life of acquired technology is two to seven y ears and the estimated useful life of sublease assets is two years. The Company also purchased rights to the domain name "connect.com" and the cost is amortized on a straight-line basis over its estimated useful life of seven years. Other intangible assets have estimated useful lives of two to three years. The Company evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. Amortization expense related to intangible assets was $12.1 million in 2025, $9.6 million in 2024, and $5.3 million in 2023. Amortization expense of acquired technology is included in cost of subscription revenue and cost of professional services and other revenue. Amortization expense of customer relationships and the domain name is included in sales and marketing expense in the consolidated statements of operations. Estimated future amortization expense for intangible assets as of December 31, 2025 is as follows:
|  | Amortization Expense |
|  | (in thousands) |
2026 |  | $ | 12,411 |
2027 |  |  | 10,174 |
2028 |  |  | 9,387 |
2029 |  |  | 2,884 |
2030 |  |  | 369 |
Thereafter |  |  | - |
Total |  | $ | 35,225 |
Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired and is generally not deductible for tax purposes. Goodwill amounts are not amortized, but rather tested for impairment annually. The changes in the carrying amounts of goodwill consist of the following:
|  | (in thousands) |
Balance as of December 31, 2023 |  | $ | 173,761 |
Effect of foreign currency translation |  |  | (636 | )
Acquisitions |  |  | 36,383 |
Balance as of December 31, 2024 |  |  | 209,508 |
Effect of foreign currency translation |  |  | 1,806 |
Acquisitions |  |  | 80,138 |
Balance as of December 31, 2025 |  | $ | 291,452 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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