Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

There were no changes in the carrying amount of goodwill during the three and nine months ended September 30, 2025.

Intangible assets other than goodwill at September 30, 2025 and December 31, 2024 were as follows:



	September 30, 2025						December 31, 2024						Useful Life (in years)	Weighted Average Useful Life Remaining (in years)
(in thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets with finite lives:
Non-compete agreement	$	850	$	(814)	$	36	$	819	$	(703)	$	116	2.0 - 5.0	0.2
Software technology	13,229		(10,150)		3,079		13,229		(9,123)		4,106		10.0	2.3
Software platform	27,094		(10,670)		16,424		25,657		(8,457)		17,200		12.0	7.3
Total intangible assets	$	41,173	$	(21,634)	$	19,539	$	39,705	$	(18,283)	$	21,422

Intangible assets allocated to the Protolabs Network entities consisted of intangible assets of €11.6 million in Europe and $16.6 million in the United States as of the date of the acquisition. The Euro denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of Other Comprehensive Income. Foreign currency unrealized losses related to intangible assets

were $0.5 million and $2.2 million as of September 30, 2025 and December 31, 2024, respectively. Amortization expense for intangible assets was $0.9 million for each of the three months ended September 30, 2025 and 2024, and $2.8 million for each of the nine months ended September 30, 2025 and 2024.

Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets and current exchange rates is as follows:



(in thousands)	Estimated Amortization Expense
Remaining 2025	$	929
2026	3,618
2027	3,609
2028	2,240
2029	2,240
Thereafter	6,903
Total estimated amortization expense	$	19,539