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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net The changes in goodwill by reportable segment are outlined below (in thousands):
| Alarm.com |  | Other |  | Total
Balance as of January 1, 2025 | $ | 154,211 |  |  | $ | — |  |  | $ | 154,211 |
Goodwill acquired | 23,579 |  |  | 3,099 |  |  | 26,678 |
Foreign currency translation adjustment | 821 |  |  | — |  |  | 821 |
Balance as of September 30, 2025 | $ | 178,611 |  |  | $ | 3,099 |  |  | $ | 181,710 |
On February 10, 2025, we acquired 81% of the issued and outstanding shares of capital stock of CHeKT and recorded $23.6 million of goodwill in the Alarm.com segment. On August 15, 2025, we acquired 100% of the issued and outstanding shares of capital stock of BTR and initially recorded $3.0 million of goodwill in the Other segment, which reflects the value of acquired workforce and synergies we expect to achieve from integrating BTR's managed charging solution into our existing solutions. The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
| Customer Relationships |  | Developed Technology |  | Trade Name |  | Capitalized Software Development Costs |  | Other |  | Total
Balance as of January 1, 2025 | $ | 29,625 |  |  | $ | 30,543 |  |  | $ | 500 |  |  | $ | 2,445 |  |  | $ | 46 |  |  | $ | 63,159 |
Intangible assets acquired | 5,173 |  |  | 14,119 |  |  | 1,058 |  |  | — |  |  | — |  |  | 20,350 |
Capitalized software development costs | — |  |  | — |  |  | — |  |  | 1,074 |  |  | — |  |  | 1,074 |
Amortization | (6,240) |  |  | (6,653) |  |  | (177) |  |  | (299) |  |  | — |  |  | (13,369) |
Balance as of September 30, 2025 | $ | 28,558 |  |  | $ | 38,009 |  |  | $ | 1,381 |  |  | $ | 3,220 |  |  | $ | 46 |  |  | $ | 71,214 |
We recorded $4.8 million and $14.0 million of amortization related to our intangible assets for the three and nine months ended September 30, 2025, respectively, as compared to $4.4 million and $13.8 million for the same periods in the prior year. There were no impairments of long-lived intangible assets during the three and nine months ended September 30, 2025 and 2024. During the nine months ended September 30, 2024, $0.3 million of fully amortized developed technology intangible assets previously acquired were written-off in the Alarm.com segment as the technology was no longer in use. The following tables reflect the weighted average remaining life and carrying value of finite-lived intangible assets (in thousands, except weighted-average remaining life):
| September 30, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted- Average Remaining Life (in years)
Customer relationships | $ | 133,453 |  |  | $ | (104,895) |  |  | $ | 28,558 |  |  | 5.4
Developed technology | 85,435 |  |  | (47,426) |  |  | 38,009 |  |  | 5.7
Trade name | 5,532 |  |  | (4,151) |  |  | 1,381 |  |  | 5.1
Capitalized software development costs | 3,754 |  |  | (534) |  |  | 3,220 |  |  | 3.7
Other | 46 |  |  | — |  |  | 46 |  |  | 5.0
Total intangible assets | $ | 228,220 |  |  | $ | (157,006) |  |  | $ | 71,214 |  |  | 5.5
| December 31, 2024
| Gross Carrying Amount |  |  |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted- Average Remaining Life (in years)
Customer relationships | $ | 128,280 |  |  |  |  | $ | (98,655) |  |  | $ | 29,625 |  |  | 5.3
Developed technology | 71,316 |  |  |  |  | (40,773) |  |  | 30,543 |  |  | 4.0
Trade name | 4,474 |  |  |  |  | (3,974) |  |  | 500 |  |  | 2.9
Capitalized software development costs | 2,680 |  |  |  |  | (235) |  |  | 2,445 |  |  | 3.7
Other | 46 |  |  |  |  | — |  |  | 46 |  |  | 5.0
Total intangible assets | $ | 206,796 |  |  |  |  | $ | (143,637) |  |  | $ | 63,159 |  |  | 4.6

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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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