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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the activity in the Company's goodwill and intangible asset balances during the six months ended June 30, 2025 (in thousands):
GoodwillIntangible Assets
Beginning of the period, December 31, 2024$365,436 $65,632 
  Measurement period adjustment (Acqueon)1,262 — 
  Amortization— (7,564)
End of the period, June 30, 2025
$366,698 $58,068 
The components of intangible assets were as follows (in thousands):
June 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Amortization period (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Amortization period (Years)
Developed technology$105,714 $(57,317)$48,397 5.9$105,714 $(51,230)$54,484 6.0
Acquired workforce470 (470)— 0.0470 (470)— 0.0
Customer relationships12,850 (3,942)8,908 3.912,850 (2,681)10,169 4.4
Trademarks1,300 (537)763 1.91,300 (321)979 2.4
Total$120,334 $(62,266)$58,068 5.5$120,334 $(54,702)$65,632 5.7
Amortization expense related to intangible assets was $3.5 million and $7.6 million for the three and six months ended June 30, 2025, respectively. Amortization expense related to intangible assets was $2.6 million and $5.3 million for the three and six months ended June 30, 2024, respectively.
As of June 30, 2025, the expected future amortization expense for intangible assets was as follows (in thousands):
PeriodExpected Future Amortization Expense
Remaining 2025$6,903 
202613,008 
20278,612 
20288,246 
20297,328 
Thereafter13,971 
Total$58,068