Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

9. Goodwill and Intangible Assets, Net

Goodwill

The following table represents the changes to goodwill:


	Carrying Amount
	(in thousands)
Balance as of December 31, 2023	$	247,955
Addition from acquisition		123,557
Balance as of December 31, 2024 and 2025	$	371,512

Intangible Assets, Net

Intangible assets consisted of the following as of December 31, 2025:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Remaining Useful Life
	(in thousands)							(in years)
Developed technology	$	89,962	$	(51,147	)	$	38,815		3.2
Customer relationships		4,200		(3,107	)		1,093		1.5
Total	$	94,162	$	(54,254	)	$	39,908

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 $20.9 million, $17.6 million and $11.8 million for the years ended December 31, 2025, 2024, and 2023, respectively.

The expected future amortization expenses by year related to the intangible assets as of December 31, 2025 are as follows:


	December 31, 2025
	(in thousands)
Year Ending December 31,
2026	$	14,974
2027		10,117
2028		9,733
2029		5,084
Total	$	39,908