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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

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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- References

No definition available.

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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

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