v3.25.4
Goodwill and intangible assets, net
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets, net Goodwill and intangible assets, net
Goodwill rollforward for the years ended December 31, 2025 and 2024 was as follows:
Amount
(in thousands)
Goodwill as of January 1, 2024$53,868 
Acquisition of JUXT23,332 
Acquisition of Mobile Computing7,615 
Effect of net foreign currency exchange rate changes(1,408)
Goodwill as of December 31, 2024$83,407 
JUXT purchase accounting adjustment
(168)
Mobile Computing purchase accounting adjustment
(423)
Effect of net foreign currency exchange rate changes1,548 
Goodwill as of December 31, 2025$84,364 
There were no accumulated impairment losses recorded for goodwill as of December 31, 2025 and 2024.
Intangible assets consist of the following:
Estimated
Useful Life
As of December 31,
20252024
(in years)
(in thousands)
Customer relationships
8 - 12
$53,875 $52,664 
Tradenames
2 - 10
7,012 6,904 
Acquired software2.5995 995 
Non-compete agreements2584 584 
$62,466 $61,147 
Less: Accumulated amortization(20,858)(13,229)
Intangible assets, net$41,608 $47,918 
Intangible assets amortization expense for the years ended December 31, 2025, 2024, and 2023 was $7.5 million, $5.0 million, and $3.7 million, respectively.
Based on the carrying value of the Company’s existing intangible assets as of December 31, 2025, the estimated amortization expense for the future years is as follows:
Amount
(in thousands)
2026
$7,090 
2027
6,509 
2028
6,361 
2029
5,856 
2030
5,831 
Thereafter9,961 
Total$41,608