MARCHEX INC PP&E Disclosure
Property and equipment consisted of the following:
|
|
December 31, |
|
|||||
(In Thousands) |
|
2025 |
|
|
2024 |
|
||
Computer and other related equipment |
|
$ |
1,129 |
|
|
$ |
1,198 |
|
Purchased software |
|
|
3,240 |
|
|
|
3,276 |
|
Furniture and fixtures |
|
|
13 |
|
|
|
262 |
|
Software development costs |
|
|
742 |
|
|
|
— |
|
Software development costs - in progress |
|
|
748 |
|
|
|
72 |
|
|
|
$ |
5,872 |
|
|
$ |
4,808 |
|
Less: accumulated depreciation and amortization |
|
|
(4,018 |
) |
|
|
(2,997 |
) |
Property and equipment, net |
|
$ |
1,854 |
|
|
$ |
1,811 |
|
During the year ended December 31, 2025, the Company recorded a loss on disposal of $25.0 thousand that is included within Product development on the Consolidated Statement of Operations. During the year ended December 31, 2025, the Company also recorded a loss on disposal of $84.6 thousand, for assets that were located at the Wichita, KS office space associated with the operating lease termination described in Note 9: Leases below, that is included within Interest income (expense) and other, net on the Consolidated Statement of Operations.
Depreciation and amortization expense related to property and equipment was as follows:
|
|
Year Ended December 31, |
|
|||||
(In Thousands) |
|
2025 |
|
|
2024 |
|
||
Depreciation and amortization expense |
|
$ |
1,350 |
|
|
$ |
1,399 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 26, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Mar 29, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 13, 2020 | |
| 2018 | Mar 18, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 8, 2017 | |
| 2015 | Mar 7, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.