Enova International, Inc. Goodwill & Intangibles Disclosure
5. Goodwill and Other Intangible Assets
There were no changes in the carrying value of goodwill for the years ended December 31, 2025 and 2024.
The Company completed its annual assessment of goodwill as of October 1, 2025 based on qualitative factors and determined that the fair value of its goodwill exceeded carrying value; as such, no impairment existed at that date.
Acquired intangible assets that are subject to amortization as of December 31, 2025 and 2024 were as follows (in thousands):
|
|
As of December 31, 2025 |
|
|||||||||
|
|
Cost |
|
|
Accumulated Amortization |
|
|
Net |
|
|||
Developed technology |
|
$ |
25,980 |
|
|
$ |
(25,445 |
) |
|
$ |
535 |
|
Trade names and trademarks |
|
|
11,185 |
|
|
|
(8,395 |
) |
|
|
2,790 |
|
Licenses |
|
|
3,100 |
|
|
|
(2,945 |
) |
|
|
155 |
|
Customer relationships |
|
|
1,900 |
|
|
|
(1,805 |
) |
|
|
95 |
|
Lead provider and broker relationships |
|
|
1,700 |
|
|
|
(1,615 |
) |
|
|
85 |
|
Total |
|
$ |
43,865 |
|
|
$ |
(40,205 |
) |
|
$ |
3,660 |
|
|
|
As of December 31, 2024 |
|
|||||||||
|
|
Cost |
|
|
Accumulated Amortization |
|
|
Net |
|
|||
Developed technology |
|
$ |
25,980 |
|
|
$ |
(21,013 |
) |
|
$ |
4,967 |
|
Trade names and trademarks |
|
|
11,184 |
|
|
|
(6,875 |
) |
|
|
4,309 |
|
Licenses |
|
|
3,100 |
|
|
|
(2,325 |
) |
|
|
775 |
|
Customer relationships |
|
|
1,900 |
|
|
|
(1,425 |
) |
|
|
475 |
|
Lead provider and broker relationships |
|
|
1,700 |
|
|
|
(1,275 |
) |
|
|
425 |
|
Total |
|
$ |
43,864 |
|
|
$ |
(32,913 |
) |
|
$ |
10,951 |
|
Developed technology is amortized over five years on a straight-line basis. Customer, lead provider and broker relationships are generally amortized over to five years based on the pattern of economic benefits provided. Trade names and trademarks are generally amortized over to 20 years on a straight-line basis. Licenses are generally amortized over five years on a straight-line basis.
Amortization expense for acquired intangible assets was $7.3 million, $8.1 million and $8.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Estimated future amortization expense for the years ended December 31, is as follows (in thousands):
Year |
|
Amount |
|
|
2026 |
|
$ |
2,029 |
|
2027 |
|
|
806 |
|
2028 |
|
|
110 |
|
2029 |
|
|
110 |
|
2030 |
|
|
110 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2017 | Feb 26, 2018 | |
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.