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, 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 nine months ended September 30, 2025:

	*Distribution*		*Solutions*		*Consolidated*
Balance December 31, 2024	$	26,530	$	8,394	$	34,924
Translation adjustments		1,247		606		1,853
Balance September 30, 2025	$	27,777	$	9,000	$	36,777

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

	*As of September 30, 2025*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	46,022	$	12,604	$	33,418
Trade name		516		169		347
Total	$	46,538	$	12,773	$	33,765

	*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 September 30, 2025 and 2024, the Company recognized total amortization expense for other intangibles, net of $1.6 million and $1.1 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recognized total amortization expense for other intangibles, net of $4.4 million and $2.5 million, respectively.

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

2025 (excluding the nine months ended September 30, 2025)	$	1,576
2026		5,819
2027		4,226
2028		3,961
2029		3,695
Thereafter		14,488
Total	$	33,765