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Goodwill & Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill are as follows (in thousands):
| Total Goodwill
Balance as of December 31, 2024 | $ | — |
Acquisition of Emission (1) | $ | 6,374 |
Goodwill impairment | $ | (6,374) |
Acquisition of Akoya, including measurement period adjustments (1) | $ | 26,376 |
Balance as of December 31, 2025 | $ | 26,376 |
(1) Refer to Note 3 - Acquisitions.
Schedule of Intangible Assets | Acquired intangible assets consisted of the following (in thousands, except useful life and weighted average life amounts):
|  |  | As of December 31, 2025
| Estimated Useful Life (in years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Cumulative Translation Adjustment |  | Net Carrying Value |  | Weighted Average Life Remaining (in years)
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Developed technology | 7.0 - 14.0 |  | $ | 114,150 |  |  | $ | (7,596) |  |  | $ | — |  |  | $ | 106,554 |  |  | 9.6
Know-how | 8.5 |  | 13,000 |  |  | (8,445) |  |  | (1,470) |  |  | 3,085 |  |  | 2.0
Customer relationships | 8.5 - 10.0 |  | 4,260 |  |  | (1,408) |  |  | (4) |  |  | 2,848 |  |  | 8.5
Non-compete agreements | 5.5 |  | 340 |  |  | (340) |  |  | — |  |  | — |  |  | —
Trade names | 3.0 |  | 50 |  |  | (50) |  |  | — |  |  | — |  |  | —
Total definite-lived intangible assets |  |  | 131,800 |  |  | (17,839) |  |  | (1,474) |  |  | 112,487 |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  | 19,300 |  |  | — |  |  | — |  |  | 19,300 |  |  |
Total intangible assets |  |  | $ | 151,100 |  |  | $ | (17,839) |  |  | $ | (1,474) |  |  | $ | 131,787 |  |  |
|  |  | As of December 31, 2024
| Estimated Useful Life (in years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Cumulative Translation Adjustment |  | Net Carrying Value |  | Weighted Average Life Remaining (in years)
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Know-how | 8.5 |  | $ | 13,000 |  |  | $ | (7,057) |  |  | $ | (2,093) |  |  | $ | 3,850 |  |  | 3.0
Developed technology | 7.0 |  | 1,650 |  |  | (1,645) |  |  | — |  |  | 5 |  |  | 0.1
Customer relationships | 8.5 - 10.0 |  | 1,360 |  |  | (1,166) |  |  | (18) |  |  | 176 |  |  | 3.1
Non-compete agreements | 5.5 |  | 340 |  |  | (285) |  |  | (55) |  |  | — |  |  | — |
Trade names | 3.0 |  | 50 |  |  | (50) |  |  | — |  |  | — |  |  | — |
Total intangible assets |  |  | $ | 16,400 |  |  | $ | (10,203) |  |  | $ | (2,166) |  |  | $ | 4,031 |  |  |
Schedule of Future Estimated Amortization Expense of Acquired Intangible Assets | Future estimated amortization expense is as follows (amounts in thousands):
| As of December 31, 2025
2026 | $ | 13,258 |
2027 | 13,236 |
2028 | 11,686 |
2029 | 11,656 |
2030 | 11,656 |
Thereafter | 50,995 |
Total amortization expense | $ | 112,487 |

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