CLARIVATE PLCCLVT
CLARIVATE PLC Goodwill & Intangibles Disclosure
Other Intangible Assets, Net and Goodwill
Other intangible assets, net
The following table summarizes the gross carrying amounts and accumulated amortization of our identifiable intangible
assets by major class:
December 31, 2025 | December 31, 2024 | ||||||||||
Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | ||||||
Customer relationships | $7,828.2 | $(1,875.4) | $5,952.8 | $7,773.9 | $(1,515.9) | $6,258.0 | |||||
Technology and content | 2,832.2 | (1,453.1) | 1,379.1 | 2,748.8 | (1,204.6) | 1,544.2 | |||||
Computer software | 1,252.1 | (758.8) | 493.3 | 1,060.6 | (609.2) | 451.4 | |||||
Trade names and other | 89.3 | (63.3) | 26.0 | 88.4 | (57.7) | 30.7 | |||||
Definite-lived intangible assets | $12,001.8 | $(4,150.6) | $7,851.2 | $11,671.7 | $(3,387.4) | $8,284.3 | |||||
Indefinite-lived trade names | 156.9 | — | 156.9 | 156.9 | — | 156.9 | |||||
Other intangible assets, net | $12,158.7 | $(4,150.6) | $8,008.1 | $11,828.6 | $(3,387.4) | $8,441.2 | |||||
Amortization expense related to intangible assets was $735.3, $708.0, and $685.1 during the years ended December 31, 2025,
2024, and 2023, respectively.
In December 2024, the Board approved the wind-down of three product groups within the LS&H and A&G segments in
connection with the Value Creation Plan and we recorded an intangible assets impairment charge of $75.0 to write down the
carrying values of the associated intangibles, primarily technology and content assets, to their respective estimated net book
values.
In connection with the Valipat divestiture and related assets and liabilities held-for-sale as of December 31, 2023 (see Note 2
- Acquisitions and Divestitures for further details), we recorded an intangible of $132.2 during the
year ended December 31, 2023, primarily associated with purchase-related customer relationships.
As of December 31, 2025, the remaining weighted-average estimated useful life (in years) of our definite-lived intangible
assets, by major class and in total, was as follows:
Customer relationships | 18 |
Technology and content | 8 |
Computer software | 5 |
Trade names and other | 6 |
Total | 15 |
As of December 31, 2025, estimated future amortization expense related to definite-lived intangible assets was as follows:
2026 | $697.0 |
2027 | 665.0 |
2028 | 627.4 |
2029 | 574.2 |
2030 | 516.4 |
Thereafter | 4,755.5 |
Amortizing intangible assets | $7,835.5 |
Internally developed software projects in process | 15.7 |
Definite-lived intangible assets | $7,851.2 |
Goodwill
The change in the carrying amount of Goodwill by segment was as follows:
A&G | IP | LS&H | Total Consolidated | ||||
Balance as of December 31, 2023 | $1,109.8 | $— | $913.9 | $2,023.7 | |||
Acquisition | — | 13.8 | 15.8 | 29.6 | |||
Goodwill impairment | — | (13.8) | (451.9) | (465.7) | |||
Divestiture(1) | (20.6) | (20.6) | |||||
Impact of foreign currency fluctuations | (0.4) | — | — | (0.4) | |||
Balance as of December 31, 2024 | $1,088.8 | $— | $477.8 | $1,566.6 | |||
Impact of foreign currency fluctuations | 0.1 | — | — | 0.1 | |||
Balance as of December 31, 2025 | $1,088.9 | $— | $477.8 | $1,566.7 | |||
(1) Related to the ScholarOne divestiture and its allocated portion of the A&G segment reporting unit’s goodwill balance. For further details, see Note 2 - Acquisitions and Divestitures. | |||||||
In 2025, 2024, and 2023, we completed quantitative goodwill impairment assessments using a DCF analysis to estimate the
fair value of each of our reporting units. For additional information related to our goodwill impairment testing policy and
procedures, see Note 1 - Nature of Operations and Summary of Significant Accounting Policies.
In the fourth quarter of 2023, we performed our annual goodwill impairment assessment and determined that the carrying
value of the IP and LS&H segment reporting units exceeded their respective fair values, resulting in a
charge of $847.7. The impairments were primarily due to worsening macroeconomic and market conditions.
In the second quarter of 2024, primarily due to sustained declines in our share price, we determined that it was appropriate to
perform an interim quantitative goodwill impairment assessment and concluded that the estimated fair value of the A&G
reporting unit was substantially in excess of its carrying value. For the LS&H reporting unit, we determined the carrying
value exceeded its fair value; consequently, we recorded a goodwill impairment charge of $302.8.
In the third quarter of 2024, we recorded $13.8 of goodwill associated with a small acquisition within the IP reporting unit.
We recorded an impairment to the goodwill because the IP reporting unit’s fair value was significantly below its carrying
value based on the results of our second quarter 2024 interim quantitative impairment assessment.
In the fourth quarter of 2024, we performed our annual goodwill impairment assessment and, while the estimated fair value
decreased for all reporting units, we concluded that the estimated fair value of the A&G reporting unit continued to be
substantially in excess of its carrying value. For the LS&H reporting unit, we determined the carrying value exceeded its fair
value; consequently, we recorded a goodwill impairment charge of $149.1. The impairment was primarily due to sustained
declines in our share price.
In the fourth quarter of 2025, we performed our annual goodwill impairment assessment and concluded that the estimated fair
values of the A&G and LS&H reporting units were in excess of their respective carrying values and therefore, no impairment
charge was required.Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
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.