v3.25.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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:
September 30,December 31,
$ in thousands20252024
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:
September 30,December 31,
20252024
$ in thousandsGross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Developed technology$184,465 $(854)$183,611 $1,345,000 $(104,985)$1,240,015 
Software(1)
448 (8)440 1,407 (79)1,328 
Total definite-lived intangible assets$184,913 $(862)$184,051 $1,346,407 $(105,064)$1,241,343 
___________
(1) Software includes $0.1 million and $0.6 million related to software work-in-progress as of September 30, 2025 and December 31, 2024.
Finite-Lived Intangible Assets Amortization Expense
The following table presents the Company’s amortization expense for the following periods:
Three Months Ended September 30,Nine Months Ended September 30,
$ in thousands2025202420252024
Amortization expense
$12,122 $16,837 $45,943 $50,477 
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$2,644 
202610,489 
202710,489 
202810,518 
202910,447 
2030 and thereafter139,464 
Total$184,051