MAXLINEAR, INCMXL
MAXLINEAR, INC Goodwill & Intangibles Disclosure
Goodwill and Intangible Assets
Goodwill
Goodwill arises from the acquisition method of accounting for business combinations and represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. The fair values of net tangible assets and intangible assets acquired are based upon preliminary valuations and the Company’s estimates and assumptions are subject to change within the measurement period (potentially up to one year from the acquisition date).
There were no changes in the carrying amount of goodwill for the years ended December 31, 2025 and 2024.
The Company performs an annual goodwill impairment assessment on October 31st each year, using a quantitative assessment comparing the fair value of each reporting unit, which the Company has determined to be the entity itself, with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recorded. As a result of the Company’s impairment assessment, no goodwill impairment was recognized as of October 31, 2025.
In addition to its annual review, the Company performs a test of impairment when indicators of impairment are present. During the years ended December 31, 2025, 2024, and 2023, there were no indications of impairment of the Company’s goodwill balances.
Acquired Intangibles
Finite-lived Intangible Assets
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which are amortized over their estimated useful lives:
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||||||||||||
| Weighted Average Useful Life (in Years) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||||||||||||||
| Licensed technology | 6.9 | $ | 31,858 | $ | (3,663) | $ | 28,195 | $ | 24,661 | $ | (2,418) | $ | 22,243 | ||||||||||||||||||||||||||||
| Developed technology | 6.9 | 311,261 | (293,761) | 17,500 | 311,261 | (283,432) | 27,829 | ||||||||||||||||||||||||||||||||||
| Trademarks and trade names | 6.2 | 14,800 | (14,562) | 238 | 14,800 | (14,419) | 381 | ||||||||||||||||||||||||||||||||||
| Customer relationships | 4.6 | 128,800 | (128,800) | — | 128,800 | (127,887) | 913 | ||||||||||||||||||||||||||||||||||
| Patents | 7.0 | 4,780 | (1,821) | 2,959 | 4,780 | (1,138) | 3,642 | ||||||||||||||||||||||||||||||||||
| 6.0 | $ | 491,499 | $ | (442,607) | $ | 48,892 | $ | 484,302 | $ | (429,294) | $ | 55,008 | |||||||||||||||||||||||||||||
The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Cost of net revenue | $ | 11,574 | $ | 20,785 | $ | 35,952 | ||||||||||||||
| Research and development | — | — | 2 | |||||||||||||||||
| Selling, general and administrative | 1,739 | 2,366 | 2,881 | |||||||||||||||||
| $ | 13,313 | $ | 23,151 | $ | 38,835 | |||||||||||||||
Amortization of finite-lived intangible assets in cost of net revenue in the consolidated statements of operations results primarily from acquired developed technology.
The following table sets forth the activity related to finite-lived intangible assets:
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (in thousands) | |||||||||||
| Beginning balance | $ | 55,008 | $ | 73,630 | |||||||
| Additions | 7,197 | 5,766 | |||||||||
| Amortization | (13,313) | (23,151) | |||||||||
| — | (1,237) | ||||||||||
| Ending balance | $ | 48,892 | $ | 55,008 | |||||||
The Company regularly reviews the carrying amount of its long-lived assets subject to depreciation and amortization, as well as the related useful lives, to determine whether indicators of impairment may exist that warrant adjustments to carrying values or estimated useful lives. An impairment loss is recognized when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset. Should impairment exist, the impairment loss is measured based on the excess of the carrying amount of the asset over the asset’s fair value.
During the year ended December 31, 2025, 2024, and 2023, the Company recognized impairment losses related to finite-lived intangible assets of $0, $1.2 million, and $2.4 million respectively. The impairment losses were attributable to abandonment of certain purchased licensed technology.
The following table presents future amortization of the Company’s finite-lived intangible assets at December 31, 2025:| Amount | |||||
| (in thousands) | |||||
| 2026 | $ | 13,697 | |||
| 2027 | 11,580 | ||||
| 2028 | 6,124 | ||||
| 2029 | 5,033 | ||||
| 2030 | 3,904 | ||||
| Thereafter | 8,554 | ||||
| Total | $ | 48,892 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 29, 2026 | Showing above |
| 2024 | Jan 29, 2025 | |
| 2023 | Jan 31, 2024 | |
| 2022 | Feb 1, 2023 | |
| 2021 | Feb 2, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 5, 2020 | |
| 2018 | Feb 5, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 9, 2017 | |
| 2015 | Feb 17, 2016 | |
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.