Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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