Climb Global Solutions Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 7 - Goodwill and Other Intangible Assets

Note 7 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

7. Goodwill and Other Intangible Assets:

The following table summarizes the changes in the carrying amount of goodwill for the six months ended June 30, 2025:

	*Distribution*		*Solutions*		*Consolidated*
Balance December 31, 2024	$	26,530	$	8,394	$	34,924
Translation adjustments		1,558		788		2,346
Balance June 30, 2025	$	28,088	$	9,182	$	37,270

Information related to the Company’s other intangibles, net is as follows:

	*As of June 30, 2025*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	46,556	$	11,201	$	35,355
Trade name		526		163		363
Total	$	47,082	$	11,364	$	35,718

	*As of December 31, 2024*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	43,805	$	7,603	$	36,202
Trade name		481		133		348
Total	$	44,286	$	7,736	$	36,550

Customer relationships are amortized over thirteen years. Vendor relationships are amortized between four and fifteen years. Trade name is amortized over fifteen years.

During the three months ended June 30, 2025 and 2024, the Company recognized total amortization expense for other intangibles, net of $1.6 million and $0.7 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recognized total amortization expense for other intangibles, net of $2.9 million and $1.4 million, respectively.

Estimated future amortization expense of the Company’s other intangibles, net as of June 30, 2025 is as follows:

2025 (excluding the six months ended June 30, 2025)	$	3,159
2026		5,830
2027		4,221
2028		3,953
2029		3,684
Thereafter		14,871
Total	$	35,718