Revolve Group, Inc. Goodwill & Intangibles Disclosure
Note 3. Goodwill and Other Intangible Assets, Net
The carrying value of goodwill as of December 31, 2025 and 2024, was $2.0 million. No goodwill impairment was recorded for the years ended December 31, 2025, 2024 and 2023.
The gross amounts and accumulated amortization of our acquired identifiable intangible assets with finite useful lives as of December 31, 2025 and 2024, included in intangible assets, net in the accompanying consolidated balance sheets, are as follows (in thousands):
|
|
|
|
December 31, |
|
|||||
|
|
Useful life |
|
2025 |
|
|
2024 |
|
||
Customer relationships |
|
3 – 6 years |
|
$ |
381 |
|
|
$ |
381 |
|
Trademarks (1) |
|
4 – 10 years |
|
|
5,095 |
|
|
|
4,728 |
|
Total intangible assets |
|
|
|
|
5,476 |
|
|
|
5,109 |
|
Less accumulated amortization |
|
|
|
|
(3,066 |
) |
|
|
(2,815 |
) |
Total intangible assets, net |
|
|
|
$ |
2,410 |
|
|
$ |
2,294 |
|
Our amortization expense for acquired identifiable intangible assets with finite useful lives was $0.2 million, $0.2 million and $0.1 million for the years ended December 31, 2025, 2024 and 2023, respectively. Future estimated amortization expense for acquired identifiable intangible assets is as follows (in thousands):
|
|
Amortization |
|
|
Year ending December 31: |
|
|
|
|
2026 |
|
$ |
252 |
|
2027 |
|
|
235 |
|
2028 |
|
|
217 |
|
2029 |
|
|
190 |
|
2030 |
|
|
163 |
|
Thereafter |
|
|
356 |
|
Total amortization expense |
|
$ |
1,413 |
|
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 26, 2020 | |
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.