| Components of Gross and Net Intangible Asset Balances |
Intangible Assets The following tables summarize the components of gross and net intangible assets (in thousands, except years):
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Weighted Average
Remaining Amortization |
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Gross Carrying |
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Accumulated |
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Net Carrying |
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Period |
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Amount |
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Amortization |
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Amount |
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December 31, 2025 |
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Developed technology |
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2.7 years |
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$ |
170,538 |
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$ |
166,877 |
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$ |
3,661 |
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Customer relationships |
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0.6 years |
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66,630 |
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65,681 |
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949 |
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Trade names |
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0.0 years |
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10,700 |
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10,700 |
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— |
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License agreements |
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1.0 years |
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1,282 |
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1,210 |
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72 |
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Total intangible assets, net* |
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$ |
249,150 |
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$ |
244,468 |
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$ |
4,682 |
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* The carrying amount of foreign intangible assets are affected by foreign currency translation. |
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Weighted Average |
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Remaining Amortization |
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Gross Carrying |
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Accumulated |
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Net Carrying |
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Period |
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Amount |
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Amortization |
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Amount |
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June 30, 2025 |
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Developed technology |
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3.0 years |
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$ |
170,480 |
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$ |
165,908 |
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$ |
4,572 |
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Customer relationships |
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1.0 years |
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64,824 |
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62,961 |
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1,863 |
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Trade names |
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0.0 years |
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10,700 |
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10,700 |
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— |
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License agreements |
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1.4 years |
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1,282 |
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1,176 |
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106 |
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Total intangible assets, net* |
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$ |
247,286 |
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$ |
240,745 |
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$ |
6,541 |
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* The carrying amount of foreign intangible assets are affected by foreign currency translation. |
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| Summary of Amortization Expense of Intangible Assets |
The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):
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Three Months Ended |
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Six Months Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2025 |
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December 31, 2024 |
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Amortization of intangible assets in “Total cost of revenues” |
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$ |
352 |
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$ |
606 |
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$ |
963 |
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$ |
1,230 |
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Amortization of intangible assets in “Total operating expenses” |
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407 |
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509 |
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907 |
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1,021 |
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Total amortization expense |
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$ |
759 |
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$ |
1,115 |
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$ |
1,870 |
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$ |
2,251 |
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| Schedule of Expected Amortization Expenses |
The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):
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Amount |
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For the fiscal year ending June 30: |
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2026 (the remainder of fiscal 2026) |
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$ |
1,524 |
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2027 |
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1,524 |
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2028 |
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1,353 |
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2029 |
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281 |
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Total |
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$ |
4,682 |
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