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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets | The following roll-forward indicates the fair values assigned to finite-lived intangible assets from the Acquisition and the resulting amortization:
| As of
| September 30, 2025 |  | December 31, 2024
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangible Assets |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangible Assets
Developed Technologies | $ | 2,410,000 |  |  | $ | (546,713) |  |  | $ | 1,863,287 |  |  | $ | 2,410,000 |  |  | $ | (446,297) |  |  | $ | 1,963,703 |
Trade Names | 40,000 |  |  | (18,147) |  |  | 21,853 |  |  | 40,000 |  |  | (14,813) |  |  | 25,187 |
Total Finite-Lived Intangible Assets | $ | 2,450,000 |  |  | $ | (564,860) |  |  | $ | 1,885,140 |  |  | $ | 2,450,000 |  |  | $ | (461,110) |  |  | $ | 1,988,890 |
The following roll-forward indicates the carrying value of the indefinite-lived intangible asset from the Acquisition and the impairment expenses recorded:
(in thousands) | IPR&D
Balance as of January 1, 2024 | $ | 560,000 |
Impairment | (532,000) |
Balance as of December 31, 2024 | 28,000 |
Impairment | (28,000) |
Balance as of September 30, 2025 | $ | — |
Schedule of maturity of finite-lived intangible assets | The estimated future annual amortization of finite-lived intangible assets is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors.
(in thousands) | Estimated Annual Amortization
Remainder of 2025 | $ | 34,583 |
2026 | 138,333 |
2027 | 138,333 |
2028 | 138,333 |
2029 | 138,333 |
2030 and thereafter | 1,297,225 |
Total | $ | 1,885,140

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