v3.25.3
Intangible Assets
 9 Months Ended
Sep. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

Note 6. Intangible Assets

The following table summarizes the gross carrying amounts and accumulated amortization of the Company’s intangible assets by major class:

 

 

September 30, 2025

 

 

December 31, 2024

 

 

Weighted Average

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net
Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net
Carrying Amount

 

 

Remaining Useful Life (Years) September 30, 2025

 

Customer relationships

 

$

66,570

 

 

$

(34,690

)

 

$

31,880

 

 

$

76,584

 

 

$

(34,867

)

 

$

41,717

 

 

 

7.2

 

Developed technology

 

 

21,738

 

 

 

(18,586

)

 

 

3,152

 

 

 

29,015

 

 

 

(23,662

)

 

 

5,353

 

 

 

5.3

 

Databases

 

 

29,145

 

 

 

(14,551

)

 

 

14,594

 

 

 

29,135

 

 

 

(12,988

)

 

 

16,147

 

 

 

7.1

 

Tradenames

 

 

9,325

 

 

 

(4,931

)

 

 

4,394

 

 

 

10,808

 

 

 

(5,100

)

 

 

5,708

 

 

 

6.9

 

Expert network

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,654

 

 

 

(1,715

)

 

 

939

 

 

 

-

 

Patents

 

 

871

 

 

 

(245

)

 

 

626

 

 

 

841

 

 

 

(232

)

 

 

609

 

 

 

17.1

 

Content library

 

 

592

 

 

 

(226

)

 

 

366

 

 

 

592

 

 

 

(183

)

 

 

409

 

 

 

6.2

 

Total

 

$

128,241

 

 

$

(73,229

)

 

$

55,012

 

 

$

149,629

 

 

$

(78,747

)

 

$

70,882

 

 

 

 

Finite-lived intangible assets are stated at cost, net of amortization, generally using the straight-line method over the expected useful lives of the intangible assets. Amortization of intangible assets, excluding developed technology, was $1,904 and $2,435 for the three months ended September 30, 2025 and 2024, respectively, and $6,169 and $7,540 for the nine months ended September 30, 2025 and 2024, respectively.

Amortization of developed technology was recorded as part of cost of revenues, including amortization in the amount of $153 and $531 for the three months ended September 30, 2025 and 2024, respectively, and $519 and $2,059 for the nine months ended September 30, 2025 and 2024, respectively.

The expected future amortization expense for intangible assets as of September 30, 2025 is as follows:

2025 (remainder)

 

$

2,061

 

2026

 

 

8,183

 

2027

 

 

8,178

 

2028

 

 

7,958

 

2029

 

 

7,688

 

Thereafter

 

 

20,944

 

Total

 

$

55,012

 

Capitalized software development costs

Capitalized software development costs are as follows:

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net
Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net
Carrying Amount

 

Capitalized software development costs

 

$

36,675

 

 

$

(24,071

)

 

$

12,604

 

 

$

34,946

 

 

$

(19,847

)

 

$

15,099

 

During the nine months ended September 30, 2025 and 2024, the Company capitalized interest on capitalized software development costs in the amount of $326 and $393, respectively. Amortization of capitalized software development costs was recorded as part of cost of revenues, including amortization in the amount of $1,617 and $1,693 for the three months ended September 30, 2025 and 2024, respectively, and $6,562 and $5,100 for the nine months ended September 30, 2025 and 2024, respectively. The estimated useful life is determined at the time each project is placed in service.