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Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change in Goodwill
The following table summarizes the changes in the carrying amount of goodwill, for the periods presented (in thousands):

For the Nine Months Ended September 30,
20252024
Balance, beginning of period$1,137,320 $1,116,542 
Goodwill acquired — 20,809 
Goodwill allocated to disposal (1)
(61,908)— 
Foreign currency translation(36)(9)
Balance, end of period$1,075,376 $1,137,342 
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(1)During the three months ended September 30, 2025, the Company allocated $61.9 million of goodwill to the agreed-upon sale of ECP Holding Company based on the value of the transaction compared to the estimated business enterprise value on the date which the transaction met the held for sale criteria. See Note 4 for further discussion on disposals.
Schedule of Intangible Assets, Net
The following summarizes the estimated useful lives by asset classification:

Customer relationships
11 - 25 years
Technology5 years
Details of our intangible assets (in thousands, except weighted-average useful lives) are presented below:
September 30, 2025December 31, 2024
  Weighted- Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying ValueWeighted- Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying Value
Corporate trade name0.0$51,965 $51,965 $— 0.0$51,965 $51,965 $— 
Customer relationships12.7806,668 221,825 584,843 13.5806,668 186,377 620,291 
Technology2.2169,715 130,865 38,850 3.0169,715 117,924 51,791 
Below market lease, net0.01,218 1,218 — 0.01,218 1,218 — 
Provider network contracts (1)
0.09,600 9,600 — 4.826,522 18,448 8,074 
Total intangible assets, net$1,039,166 $415,473 $623,693 $1,056,088 $375,932 $680,156 
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(1)As part of our agreed-upon sale of Evolent Care Partners Holding Company, Inc, the Company reclassified $21.5 million of gross carrying amount provider network contracts with a net carrying value of $10.7 million to assets held for sale - non current on the date which the transaction met the held for sale criteria.
Schedule of Future Estimated Amortization of Intangible Assets
Future estimated amortization of intangible assets (in thousands) as of September 30, 2025, is as follows:

2025$16,130 
202664,271 
202761,529 
202849,633 
202947,492 
Thereafter384,638 
Total future amortization of intangible assets$623,693