e.l.f. Beauty, Inc.ELF

e.l.f. Beauty, Inc. Goodwill & Intangibles Disclosure

10-KFiled May 21, 20262 min read
Goodwill and other intangible assets
Information regarding the Company’s goodwill and intangible assets as of March 31, 2026 is as follows (in thousands):
 Estimated useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships – retailers
10 to 12 years
$202,200 $(84,964)$117,236 
Customer relationships – e-commerce3 years21,540 (18,607)2,933 
Trademarks
10 to 15 years
404,300 (35,159)369,141 
Total finite-lived intangibles628,040 (138,730)489,310 
TrademarksIndefinite63,800 — 63,800 
Goodwill853,475 — 853,475 
Total goodwill and other intangibles$1,545,315 $(138,730)$1,406,585 
Information regarding the Company’s goodwill and intangible assets as of March 31, 2025 is as follows (in thousands):
 Estimated useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships – retailers10 years$97,600 $(76,273)$21,327 
Customer relationships – e-commerce3 years21,540 (12,740)8,800 
Trademarks
10 to 15 years
128,000 (14,229)113,771 
Total finite-lived intangibles 247,140 (103,242)143,898 
TrademarksIndefinite63,800 — 63,800 
Goodwill 340,582 — 340,582 
Total goodwill and other intangibles $651,522 $(103,242)$548,280 
The Company has not recognized any impairment charges on its goodwill or intangible assets. Amortization expense on finite-lived intangible assets was $35.5 million, $17.4 million and $15.0 million for the fiscal years ended March 31, 2026, March 31, 2025 and March 31, 2024, respectively.
The estimated future amortization expense related to the finite-lived intangible assets, assuming no impairment as of March 31, 2026, is as follows (in thousands):
Year ending March 31,
2027$41,600 
202838,667 
202938,667 
203038,564 
203137,437 
Thereafter294,375 
Total$489,310 

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 29, 2025
2024May 23, 2024
2023May 25, 2023
2022May 26, 2022
2021May 27, 2021
2020May 28, 2020
2018Feb 28, 2019
2017Mar 1, 2018
2016Mar 15, 2017

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.

Other Available Disclosures

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