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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill is the result of its acquisitions of other businesses and represents the excess of purchase consideration over the fair value of assets acquired and liabilities assumed. The Company performed its annual goodwill impairment analysis as of August 31, 2025 and concluded that goodwill was not impaired, as the fair value of the reporting unit exceeded its carrying value. Additionally, no triggering events were identified as of September 30, 2025 or December 31, 2024 that would more likely than not reduce the fair value of goodwill below its carrying value. The change in the carrying amount of goodwill during the nine months ended September 30, 2025 was as follows (in thousands):
Balance as of December 31, 2024 | $ | 130,980 |
Measurement period adjustment | (944) |
Effect of currency translation | 5,647 |
Balance as of September 30, 2025 | $ | 135,683 |
Intangible assets that were not fully amortized as of September 30, 2025 and December 31, 2024 consisted of the following (dollars in thousands):
| September 30, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Life
Business relationships | $ | 45,918 |  |  | $ | (11,989) |  |  | $ | 33,929 |  |  | 7.7 years |
Developed technology | 22,309 |  |  | (10,683) |  |  | 11,626 |  |  | 3.6 years |
Licensing agreements | 6,141 |  |  | (3,292) |  |  | 2,849 |  |  | 4.4 years |
Domain and data licenses | 3,312 |  |  | (2,975) |  |  | 337 |  |  | 3.8 years |
Trademarks | 3,877 |  |  | (1,127) |  |  | 2,750 |  |  | 10.1 years |
Total | $ | 81,557 |  |  | $ | (30,066) |  |  | $ | 51,491 |  |  |  |
| December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Life
Business relationships | $ | 45,918 |  |  | $ | (7,759) |  |  | $ | 38,159 |  |  | 8.3 years |
Developed technology | 22,309 |  |  | (8,250) |  |  | 14,059 |  |  | 4.3 years |
Licensing agreements | 6,141 |  |  | (2,808) |  |  | 3,333 |  |  | 5.2 years |
Domain and data licenses | 3,194 |  |  | (2,912) |  |  | 282 |  |  | 4.4 years |
Trademarks | 3,877 |  |  | (923) |  |  | 2,954 |  |  | 10.8 years |
Total | $ | 81,439 |  |  | $ | (22,652) |  |  | $ | 58,787 |  |  |  |
Amortization expense related to intangible assets was $2.5 million and $0.3 million for the three months ended September 30, 2025 and 2024, respectively, and $7.4 million and $1.0 million for the nine months ended September 30, 2025 and 2024, respectively. As of September 30, 2025, estimated future amortization expense was as follows (in thousands):
Remainder of 2025 |  | $ | 2,463 |
2026 |  | 9,858 |
2027 |  | 9,858 |
2028 |  | 9,463 |
2029 |  | 4,686 |
2030 |  | 2,907 |
Thereafter |  | 12,256 |
Total amortization |  | $ | 51,491 |

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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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