Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

8. Intangible Assets, Net

Intangible assets consisted of the following as of September 30, 2025:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Remaining Useful Life
	(in thousands)							(in years)
Developed technology	$	89,962	$	(46,649	)	$	43,313		3.3
Customer relationships		4,200		(2,932	)		1,268		1.8
Total	$	94,162	$	(49,581	)	$	44,581

Intangible assets consisted of the following as of December 31, 2024:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Remaining Useful Life
	(in thousands)							(in years)
Developed technology	$	92,762	$	(35,836	)	$	56,926		3.8
Customer relationships		9,374		(5,474	)		3,900		1.4
Total	$	102,136	$	(41,310	)	$	60,826

Gross carrying amount and accumulated amortization of fully amortized intangibles are removed from the preceding tables. Amortization expenses for intangible assets were $4.8 million and $5.9 million for the three months ended September 30, 2025 and 2024, respectively, and $16.2 million and $11.7 million for the nine months ended September 30, 2025 and 2024, respectively.

The expected future amortization expenses by year related to the intangible assets as of September 30, 2025 are as follows:


	September 30, 2025
	(in thousands)
Year Ending December 31,
2025 (Remainder)	$	4,673
2026		14,974
2027		10,117
2028		9,733
2029		5,084
Total	$	44,581