Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets, Net

v3.26.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net, consisted of the following at the dates indicated (amounts in thousands):
December 31, 2025
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 4,256  $ (1,881) $ 2,375 
Software development 14,027  (7,743) 6,284 
Customer relationships —  —  — 
Agent relationships 10,033  (4,105) 5,928 
Know-how 430  (405) 25 
Data usage 4,031  (67) 3,964 
$ 32,777  $ (14,201) $ 18,576 
December 31, 2024
Gross
Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 5,226  $ (1,841) $ 3,385 
Software development 17,371  (8,404) 8,967 
Customer relationships 2,020  (723) 1,297 
Agent relationships 9,235  (2,761) 6,474 
Know-how 430  (319) 111 
$ 34,282  $ (14,048) $ 20,234 
The decrease in intangible assets is due to the sale of LiveBy on November 28, 2025.
As of December 31, 2025, the estimated future amortization expense for definite-lived intangible assets will be (amounts in thousands):
Years Ended December 31,
2026 $ 5,014 
2027 4,455 
2028 3,514 
2029 2,666 
2030 2,054 
Thereafter 873 
Total $ 18,576 
Amortization expense for purchased and capitalized software included in technology and development expense was approximately $3.6 million and $3.2 million for the years ended December 31, 2025 and 2024, respectively.