Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.25.3
Intangible Assets, Net
 9 Months Ended
Sep. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consisted of the following (amounts in thousands):
September 30, 2025
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 5,226  $ (2,233) $ 2,993 
Software development 19,447  (10,912) 8,535 
Customer relationships 2,020  (874) 1,146 
Agent relationships 9,244  (3,751) 5,493 
Know-how 430  (383) 47 
$ 36,367  $ (18,154) $ 18,213 
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 
Estimated future amortization of intangible assets as of September 30, 2025 was as follows (amounts in thousands):
Years Ending December 31,
2025 (remaining) $ 1,398 
2026 5,120 
2027 4,191 
2028 3,123 
2029 2,164 
Thereafter 2,217 
Total $ 18,213 
The aggregate amortization expense for intangible assets was $1.4 million and $1.1 million, of which $0.9 million and $0.8 million was included in technology and development expense for the three months ended September 30, 2025 and 2024, respectively.
The aggregate amortization expense for intangible assets was $4.1 million and $3.8 million, of which $2.7 million and $2.3 million was included in technology and development expense for the nine months ended September 30, 2025 and 2024, respectively.