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

3 Months Ended

Mar. 31, 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 three months ended March 31, 2026:

	*Distribution*			*Solutions*			*Consolidated*
Balance December 31, 2025	$	27,829		$	9,009		$	36,838
Goodwill acquired	$	5,818		$	—			5,818
Translation adjustments		(480	)		(160	)		(640	)
Balance March 31, 2026	$	33,167		$	8,849		$	42,016

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

	*As of March 31, 2026*
	*Gross*				*Net*
	*Carrying*		*Accumulated*		*Carrying*
	*Amount*		*Amortization*		*Amount*
Customer and vendor relationships	$	51,273	$	15,452	$	35,821
Trade name		507		183		324
Total	$	51,780	$	15,635	$	36,145

	*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 March 31, 2026 and 2025, the Company recognized total amortization expense for other intangibles, net of $1.5 million and $1.3 million, respectively.

Estimated future amortization expense of the Company’s other intangibles, net as of March 31, 2026 is as follows:

2026 (excluding the three months ended March 31, 2026)	$	5,088
2027		4,704
2028		4,444
2029		4,183
2030		4,183
Thereafter		13,543
Total	$	36,145