AGNT, Inc. Goodwill & Intangibles Disclosure
| 7. | GOODWILL AND INTANGIBLE ASSETS |
Changes in the carrying amount of goodwill were:
December 31, 2025 | | December 31, 2024 | ||
Goodwill | $ 17,226 | $ 16,982 | ||
Acquisitions | - | 3,737 | ||
Impairments | - | (2,386) | ||
Currency translation impact | 646 | (1,107) | ||
Total goodwill | $ 17,872 | $ 17,226 |
The Company performed its annual goodwill impairment testing in the fourth quarter of 2025 and 2024. In 2024, the Company determined that the goodwill associated with SUCCESS® was impaired. The Company recognized charge of $2,386 for the year ended December 31, 2024.
The Company has a risk of future impairment to the extent that individual reporting unit performance does not meet projections. Additionally, if current assumptions and estimates, including projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates and other market factors, are not met, or if valuation factors outside of the Company’s control change unfavorably, the estimated fair value of goodwill could be adversely affected, leading to a potential impairment in the future.
Definite-lived intangible assets were as follows:
December 31, 2025 | ||||||||
Gross | Accumulated | Net Carrying | ||||||
| Amount | | Amortization | | Impairment | Amount | ||
Trade name |
| $ 2,068 |
| ($ 1,262) |
| $ - | $ 806 | |
Existing technology | 5,996 | (4,871) | - | 1,125 | ||||
Non-competition agreements | 476 | (368) | - | 108 | ||||
Customer relationships | 2,011 | (1,051) | - | 960 | ||||
Licensing agreement | 210 | (210) | - | - | ||||
Intellectual property | 1,453 | (31) | - | 1,422 | ||||
Total intangible assets |
| $ 12,214 |
| ($ 7,793) |
| $ - | $ 4,421 | |
December 31, 2024 | ||||||||
Gross | Accumulated | Net Carrying | ||||||
Amount | | Amortization | | Impairment | Amount | |||
Trade name |
| $ 2,042 |
| ($ 943) |
| $ - | $ 1,099 | |
Existing technology | 5,349 | (2,564) | - | 2,785 | ||||
Non-competition agreements | 461 | (272) | - | 189 | ||||
Customer relationships | 2,560 | (503) | (549) | 1,508 | ||||
Licensing agreement | 210 | (210) | - | - | ||||
Intellectual property | 3,448 | (578) | (1,995) | 875 | ||||
Total intangible assets |
| $ 14,070 |
| ($ 5,070) |
| ($ 2,544) | $ 6,456 | |
For the years ended December 31, 2025, 2024 and 2023, amortization expense for definite-lived intangible assets was $2,692, $2,454, and $2,540, respectively.
As part of the Company’s annual assessment, the Company also reviews the useful lives of its amortizable intangible assets and determines if there should be any change to the amortization period. In 2024, for amortizable intangible assets related to SUCCESS®, the Company an related to the net book value of the customer lists of $549 and content of $1,995.
In 2025, there was no impairment of or , and there was no change to the useful lives of amortizable intangible assets.
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Mar 11, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 18, 2019 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.