v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes to goodwill included in the consolidated balance sheets:
December 31,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 consolidated balance sheets:
December 31,December 31,
20252024
$ in thousandsGross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Developed technology$184,465 $(3,469)$180,996 $1,345,000 $(104,985)$1,240,015 
Software(1)
613 (37)576 1,407 (79)1,328 
Total definite-lived intangible assets$185,078 $(3,506)$181,572 $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 December 31, 2025 and December 31, 2024.
Details of Impairment of Long-Lived Assets Held and Used by Asset
The following table details the recognition of long-lived asset impairment as of the measurement date:
$ in thousandsCarrying AmountImpairmentNew Carrying Amount
Intangible assets, net$1,197,106 $(1,012,344)$184,762 
Property, plant, and equipment, net94,838 (80,201)14,637 
Operating lease right-of-use assets3,895 (3,294)601 
Total$1,295,839 $(1,095,839)$200,000 
Finite-Lived Intangible Assets Amortization Expense
The following table presents the Company’s amortization expense for the following periods:
Year Ended December 31,
$ in thousands20252024
Amortization expense
$48,587 $67,329 
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):
2026$10,536 
202710,536 
202810,564 
202910,472 
203010,377 
2031 and thereafter129,087 
Total$181,572