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Goodwill and Intangibles (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table summarizes intangible assets as of March 31, 2025 and December 31, 2024 (in thousands):

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

Gross
Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross
Amount

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

 

$

254,550

 

 

$

21,795

 

 

$

232,755

 

 

$

20,550

 

 

$

15,606

 

 

$

4,944

 

Licensed data

 

 

20,010

 

 

 

18,238

 

 

 

1,772

 

 

 

20,010

 

 

 

17,828

 

 

 

2,182

 

Website domain

 

 

19

 

 

 

 

 

 

19

 

 

 

19

 

 

 

 

 

 

19

 

Trade names

 

 

41,000

 

 

 

4,500

 

 

 

36,500

 

 

 

8,000

 

 

 

3,429

 

 

 

4,571

 

Capitalized software

 

 

1,298

 

 

 

 

 

 

1,298

 

 

 

 

 

 

 

 

 

 

Developed technology - biotech

 

 

114,000

 

 

 

3,800

 

 

 

110,200

 

 

 

 

 

 

 

 

 

 

Developed technology - software

 

 

18,000

 

 

 

1,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

 

 

$

448,877

 

 

$

49,333

 

 

$

399,544

 

 

$

48,579

 

 

$

36,863

 

 

$

11,716

 

Summary of Estimated Future Amortization Expense Related to Intangible Assets

As of March 31, 2025, the estimated future amortization expense related to intangible assets is as follows (in thousands):

 

2025

$

71,707

 

2026

 

70,849

 

2027

 

67,457

 

2028

 

62,060

 

2029

 

57,403

 

Thereafter

 

70,049

 

Total

$

399,525