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

9 Months Ended

Sep. 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 nine months ended September 30, 2026:

	*Distribution*			*Solutions*			*Consolidated*
Balance December 31, 2025	$	27,829		$	9,009		$	36,838
Goodwill acquired	$	5,818		$	—			5,818
Translation adjustments		(596	)		(130	)		(726	)
Balance September 30, 2026	$	33,051		$	8,879		$	41,930

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

	*As of September 30, 2026*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	51,168	$	18,544	$	32,624
Trade name		509		201		308
Total	$	51,677	$	18,745	$	32,932

	*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 September 30, 2026 and 2025, the Company recognized total amortization expense for other intangibles, net of $1.6 million, in each period. During the nine months ended September 30, 2026 and 2025, the Company recognized total amortization expense for other intangibles, net of $4.7 million and $4.4 million, respectively.

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

2026 (excluding the nine months ended September 30, 2026)	$	1,562
2027		4,693
2028		4,433
2029		4,174
2030		4,174
Thereafter		13,896
Total	$	32,932