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, 2026

Intangible Asset and Goodwill [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, 2026:

	*Distribution*			*Solutions*			*Consolidated*
Balance December 31, 2025	$	27,829		$	9,009		$	36,838
Goodwill acquired	$	5,818		$	—			5,818
Translation adjustments		(568	)		(142	)		(710	)
Balance June 30, 2026	$	33,079		$	8,867		$	41,946

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

	*As of June 30, 2026*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	51,192	$	16,989	$	34,203
Trade name		509		192		317
Total	$	51,701	$	17,181	$	34,520

	*As of December 31, 2025*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	46,084	$	14,195	$	31,889
Trade name		517		178		339
Total	$	46,601	$	14,373	$	32,228

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

During the three months ended June 30, 2026 and 2025, the Company recognized total amortization expense for other intangibles, net of $1.6 million, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized total amortization expense for other intangibles, net of $3.1 million and $2.9 million, respectively.

Estimated future amortization expense of the Company’s other intangibles, net as of June 30, 2026 is as follows:

2026 (excluding the six months ended June 30, 2026)	$	4,031
2027		4,696
2028		4,435
2029		4,175
2030		4,175
Thereafter		13,008
Total	$	34,520