v3.25.3
Goodwill and Intangible Assets, Net
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill

The changes in the carrying value of goodwill for the period presented are as follows (in thousands):

Carrying
Value
Balance as of December 31, 2024$112,728 
Addition from acquisitions146,984 
Foreign currency translation adjustments(476)
Balance as of September 30, 2025$259,236 

Intangible assets, net

Intangible assets, net as of September 30, 2025 consist of the following (in thousands):

Gross
Amount
Accumulated Amortization and ImpairmentNet
Carrying
Value
Weighted
Average
Remaining
Useful Life
(Years)
Platform partnerships$99,832 $(2,080)$97,752 11.8
Trade name31,561 (13,062)18,499 2.5
503B pharmacy license28,596 (3,098)25,498 8.9
Other59,965 (6,783)53,182 3.5
Intangible assets, net$219,954 $(25,023)$194,931 8.2

Intangible assets, net as of December 31, 2024 consist of the following (in thousands):

Gross
Amount
Accumulated Amortization and ImpairmentNet
Carrying
Value
Weighted
Average
Remaining
Useful Life
(Years)
503B pharmacy license$28,596 $(953)$27,643 9.7
Trade name24,170 (9,256)14,914 6.5
Other4,786 (3,933)853 6.0
Intangible assets, net$57,552 $(14,142)$43,410 8.5

Amortization expense for intangible assets was $9.2 million and $0.9 million for the three months ended September 30, 2025 and 2024, respectively, and $14.1 million and $2.4 million for the nine months ended September 30, 2025 and 2024, respectively.

There were no impairment charges on intangible assets for the three and nine months ended September 30, 2025 and 2024.
Amortization that will be charged to expense over the remaining life of the intangible assets subsequent to September 30, 2025 is as follows (in thousands):

The remainder of 2025$9,273
202636,447
202733,124
202821,681
202916,047
2030 and thereafter78,359
$194,931