Ridgepost Capital, Inc. Goodwill & Intangibles Disclosure
Note 10. Goodwill and Intangibles
Changes in goodwill for the years ended December 31, 2025 and December 31, 2024 are as follows:
Balance at December 31, 2023 |
|
$ |
506,038 |
|
Increase from acquisitions |
|
|
- |
|
Balance at December 31, 2024 |
|
$ |
506,038 |
|
Increase from acquisitions |
|
|
49,432 |
|
Change related to foreign currency translations |
|
|
3,508 |
|
Balance at December 31, 2025 |
|
$ |
558,978 |
|
Intangibles consists of the following as of December 31, 2025:
|
|
Investor and Intermediary Relationships |
|
Management and Advisory Contracts |
|
Technology |
|
Trade Names |
|
Total |
Gross Carrying Amount |
|
|
|
|
|
|
|
|
|
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2024 |
|
$— |
|
$— |
|
$30 |
|
$17,375 |
|
$17,405 |
Additions |
|
— |
|
— |
|
— |
|
— |
|
— |
Adjustment for fully amortized intangibles |
|
— |
|
— |
|
— |
|
— |
|
— |
Impact of exchange rate movements |
|
— |
|
— |
|
— |
|
— |
|
— |
Balance as of December 31, 2025 |
|
|
|
$30 |
|
$17,375 |
|
$17,405 |
||
Finite-lived intangible assets |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2024 |
|
$— |
|
$194,666 |
|
$2,386 |
|
$28,240 |
|
$225,292 |
Additions |
|
9,776 |
|
20,102 |
|
549 |
|
879 |
|
31,306 |
Adjustment for fully amortized intangibles |
|
— |
|
— |
|
(2,200) |
|
— |
|
(2,200) |
Impact of exchange rate movements |
|
702 |
|
1,443 |
|
58 |
|
62 |
|
2,265 |
Balance as of December 31, 2025 |
|
$10,478 |
|
$216,211 |
|
$793 |
|
$29,181 |
|
$256,663 |
|
|
|
|
|
|
|
|
|
|
|
Accumulated Amortization |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2024 |
|
$— |
|
$(134,494) |
|
$(2,292) |
|
$(8,322) |
|
$(145,108) |
Amortization expense |
|
(200) |
|
(20,927) |
|
(158) |
|
(2,560) |
|
(23,845) |
Adjustment for fully amortized intangibles |
|
— |
|
— |
|
2,200 |
|
— |
|
2,200 |
Impact of exchange rate movements |
|
(4) |
|
(41) |
|
(2) |
|
— |
|
(47) |
Balance as of December 31, 2025 |
|
$(204) |
|
$(155,462) |
|
$(252) |
|
$(10,882) |
|
$(166,800) |
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets, net balance as of December 31, 2025 |
|
$10,274 |
|
$60,749 |
|
$571 |
|
$35,674 |
|
$107,268 |
Intangibles consists of the following as of December 31, 2024:
|
|
Investor and Intermediary Relationships |
|
Management and Advisory Contracts |
|
Technology |
|
Trade Names |
|
Total |
Gross Carrying Amount |
|
|
|
|
|
|
|
|
|
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
|
$— |
|
$— |
|
$30 |
|
$17,375 |
|
$17,405 |
Impact of exchange rate movements |
|
— |
|
— |
|
— |
|
— |
|
— |
Balance as of December 31, 2024 |
|
$— |
|
$— |
|
$30 |
|
$17,375 |
|
$17,405 |
Finite-lived intangible assets |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
|
$— |
|
$194,666 |
|
$2,386 |
|
$28,240 |
|
$225,292 |
Impact of exchange rate movements |
|
— |
|
— |
|
— |
|
— |
|
— |
Balance as of December 31, 2024 |
|
$— |
|
$194,666 |
|
$2,386 |
|
$28,240 |
|
$225,292 |
|
|
|
|
|
|
|
|
|
|
|
Accumulated Amortization |
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
|
$— |
|
$(111,873) |
|
$(1,834) |
|
$(5,789) |
|
$(119,496) |
Amortization expense |
|
— |
|
(22,621) |
|
(458) |
|
(2,533) |
|
(25,612) |
Balance as of December 31, 2024 |
|
$— |
|
$(134,494) |
|
$(2,292) |
|
$(8,322) |
|
$(145,108) |
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets, net balance as of December 31, 2024 |
|
$— |
|
$60,172 |
|
$124 |
|
$37,293 |
|
$97,589 |
Management and advisory contracts and finite lived trade names are amortized over 7 - 20 years and are being amortized in line with the economic benefits that are expected to occur. Technology is generally amortized on a straight-line basis or in line with the economic benefits that are expected to occur over 4 years. Direct investors and intermediary relationships are being amortized in line with the economic benefits that are expected to occur over 13 years. The amortization expense for each of the next five years and thereafter are as follows:
2026 |
|
$ |
21,647 |
|
2027 |
|
|
18,404 |
|
2028 |
|
|
14,573 |
|
2029 |
|
|
11,649 |
|
2030 |
|
|
8,807 |
|
Thereafter |
|
|
14,783 |
|
Total amortization |
|
$ |
89,863 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Mar 13, 2024 | |
| 2022 | Mar 27, 2023 | |
| 2021 | Mar 21, 2022 | |
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.