Proto Labs IncPRLB

Proto Labs Inc Goodwill & Intangibles Disclosure

10-KFiled Feb 20, 20262 min read
Goodwill and Other Intangible Assets
There were no changes in the carrying amount of goodwill for the years ended December 31, 2025 and 2024.
The Euro denominated goodwill had been translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that was recorded as a component of Other Comprehensive Income.
Intangible assets other than goodwill for the years ended December 31, 2025 and 2024 were as follows:
Year Ended December 31, 2025Year Ended December 31, 2024Weighted Average
Useful Life
(in thousands)GrossAccumulated
Amortization		NetGrossAccumulated
Amortization		NetUseful Life (in
years)		Remaining (in years)
Non-compete agreement$850 $(843)$7 $819 $(703)$116 
2.0 - 5.0
0.1
Software technology13,229 (10,493)2,736 13,229 (9,123)4,106 10.02.0
Software platform27,110 (11,241)15,869 25,657 (8,457)17,200 12.07.1
Total intangible assets$41,189 $(22,577)$18,612 $39,705 $(18,283)$21,422  
Amortization expense for intangible assets for the years ended December 31, 2025, 2024 and 2023 was $3.7 million, $3.7 million and $5.9 million, respectively. The Euro denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of
Other Comprehensive Income. For the years ended December 31, 2025, 2024 and 2023 the foreign currency translation adjustment was $0.5 million, $2.2 million and $1.3 million, respectively.
Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:
(in thousands)Estimated Amortization
Expense
2026$3,616 
20273,609 
20282,240 
20292,240 
20302,240 
Thereafter4,667 
Total estimated amortization expense$18,612 

Historical Timeline

Fiscal YearFiled
2025Feb 20, 2026Showing above
2024Feb 21, 2025
2023Feb 16, 2024
2022Feb 21, 2023
2021Feb 18, 2022
2020Feb 19, 2021
2019Feb 26, 2020
2018Feb 22, 2019
2017Feb 23, 2018
2016Feb 22, 2017
2015Feb 26, 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.

Other Available Disclosures

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