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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table presents the changes to goodwill included in the condensed consolidated balance sheets:
|  | June 30, |  | December 31,
$ in thousands |  | 2025 |  | 2024
Balance at the beginning of the period |  | $ | 359,847 |  |  | $ | 423,920 |
Impairment |  | (359,847) |  |  | — |
Measurement adjustments |  | — |  |  | (64,073) |
Balance at the end of the period |  | $ | — |  |  | $ | 359,847 |
Schedule of Finite-Lived Intangible Assets | The following tables summarize the Company’s definite-lived intangible assets included in the condensed consolidated balance sheets:
|  | June 30, |  | December 31,
|  | 2025 |  | 2024
$ in thousands |  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Developed technology |  | $ | 1,345,000 |  |  | $ | (138,610) |  |  | $ | 1,206,390 |  |  | $ | 1,345,000 |  |  | $ | (104,985) |  |  | $ | 1,240,015 |
Software(1) |  | 2,179 |  |  | (274) |  |  | 1,905 |  |  | 1,407 |  |  | (79) |  |  | 1,328 |
Total definite-lived intangible assets |  | $ | 1,347,179 |  |  | $ | (138,884) |  |  | $ | 1,208,295 |  |  | $ | 1,346,407 |  |  | $ | (105,064) |  |  | $ | 1,241,343 |
___________ (1) Software includes $0.3 million and $0.6 million related to software work-in-progress as of June 30, 2025 and December 31, 2024.
Finite-Lived Intangible Assets Amortization Expense | The following table presents the Company’s a mortization expense for the following periods:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
$ in thousands |  | 2025 |  | 2024 |  | 2025 |  | 2024
Amortization expense |  | $ | 16,974 |  |  | $ | 16,828 |  |  | $ | 33,847 |  |  | $ | 33,640 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents estimated amortization expense for the next five years and thereafter (in thousands):
Remaining 2025 |  | $ | 33,857 |
2026 |  | 67,715 |
2027 |  | 67,715 |
2028 |  | 67,715 |
2029 |  | 67,542 |
2030 and thereafter |  | 903,751 |
Total |  | $ | 1,208,295 |

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