CPI Card Group Inc. Goodwill & Intangibles Disclosure
6. Goodwill and Other Intangible Assets
The Company reports all of its goodwill in the Debit and Credit segment at December 31, 2025 and 2024. The Company completed its goodwill impairment testing as of October 1, 2025 and did not identify any goodwill impairment during the years ended December 31, 2025 and 2024.
Intangible assets consist of customer relationships, acquired technology, and trademarks. There were no impairments of the Company’s amortizable intangible assets for the years ended December 31, 2025 and 2024.
At December 31, 2025 and 2024, intangible assets, excluding goodwill, were comprised of the following:
December 31, 2025 | December 31, 2024 | |||||||||||||||||||
| Weighted Average | | | Accumulated | | Net Book | | | Accumulated | | Net Book | |||||||||
Life (Years) | Cost | Amortization | Value | Cost | Amortization | Value | ||||||||||||||
Customer relationships |
| 16.9 | $ | 62,854 | $ | (48,855) | $ | 13,999 | $ | 55,454 | $ | (45,248) | $ | 10,206 | ||||||
Acquired technology |
| 7.9 |
| 11,501 | (7,519) | 3,982 |
| 7,101 | (7,101) | — | ||||||||||
Trademarks | 7.8 | 3,930 | (3,367) | 563 | 3,330 | (3,044) | 286 | |||||||||||||
Intangible assets subject to amortization | $ | 78,285 | $ | (59,741) | $ | 18,544 | $ | 65,885 | $ | (55,393) | $ | 10,492 | ||||||||
The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of December 31, 2025 was as follows:
2026 | $ | 3,833 | |
2027 | |
| 3,269 |
2028 | 2,702 | ||
2029 | 2,175 | ||
2030 | 1,122 | ||
Thereafter | 5,443 | ||
$ | 18,544 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
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.