INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Finite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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June 30, 2025 |
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December 31, 2024 |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
81,836 |
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$ |
(39,247) |
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$ |
42,589 |
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$ |
80,101 |
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$ |
(33,424) |
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$ |
46,677 |
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| Acquired technology |
16,653 |
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(9,663) |
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6,990 |
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16,653 |
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(8,238) |
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8,415 |
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| Customer relationships |
12,000 |
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(6,600) |
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5,400 |
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12,000 |
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(5,400) |
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6,600 |
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| Trade names |
2,740 |
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(1,653) |
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1,087 |
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2,740 |
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(1,578) |
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1,162 |
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| Internal-use software |
195,909 |
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(169,844) |
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26,065 |
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188,164 |
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(161,228) |
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26,936 |
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Other |
261 |
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(21) |
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240 |
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220 |
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(14) |
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206 |
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309,399 |
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(227,028) |
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82,371 |
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299,878 |
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(209,882) |
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89,996 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
310,399 |
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$ |
(227,028) |
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$ |
83,371 |
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$ |
300,878 |
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$ |
(209,882) |
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$ |
90,996 |
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| Schedule of Indefinite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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June 30, 2025 |
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December 31, 2024 |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
81,836 |
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$ |
(39,247) |
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$ |
42,589 |
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$ |
80,101 |
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$ |
(33,424) |
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$ |
46,677 |
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| Acquired technology |
16,653 |
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(9,663) |
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6,990 |
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16,653 |
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(8,238) |
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8,415 |
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| Customer relationships |
12,000 |
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(6,600) |
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5,400 |
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12,000 |
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(5,400) |
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6,600 |
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| Trade names |
2,740 |
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(1,653) |
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1,087 |
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2,740 |
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(1,578) |
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1,162 |
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| Internal-use software |
195,909 |
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(169,844) |
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26,065 |
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188,164 |
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(161,228) |
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26,936 |
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Other |
261 |
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(21) |
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240 |
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220 |
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(14) |
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206 |
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309,399 |
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(227,028) |
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82,371 |
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299,878 |
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(209,882) |
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89,996 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
310,399 |
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$ |
(227,028) |
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$ |
83,371 |
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$ |
300,878 |
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$ |
(209,882) |
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$ |
90,996 |
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| Schedule of Estimated Annual Amortization Expense |
As of June 30, 2025, the estimated annual amortization expense is as follows:
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Projected Amortization
Expense |
Remaining 2025 |
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$ |
16,356 |
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| 2026 |
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28,794 |
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| 2027 |
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19,105 |
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| 2028 |
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11,070 |
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| 2029 |
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6,465 |
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| Thereafter |
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581 |
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| Total |
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$ |
82,371 |
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