
	December 31, 2025						December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable:
Agent relationships	$	49,020	$	(42,257)	$	6,763	$	49,020	$	(40,489)	$	8,531
Trade names	30,599		(16,229)		14,370		30,598		(13,846)		16,752
Developed technology	6,600		(6,422)		178		6,600		(6,326)		274
Other intangibles	5,437		(1,344)		4,093		2,253		(963)		1,290
Net amortizable intangible assets	$	91,656	$	(66,252)	$	25,404	$	88,471	$	(61,624)	$	26,847

Goodwill and the majority of intangible assets on the consolidated balance sheets of the Company were primarily recognized from business acquisition transactions. The fair value measurements were based on significant inputs, such as the Company’s forecasted revenues, assumed turnover of agent locations, obsolescence assumptions for technology, market discount and royalty rates. These inputs are based on information not observable in the market and represent Level 3 measurements within the fair value hierarchy.

Management believes it has made reasonable estimates and judgments concerning these risks and uncertainties. A change in the conditions, circumstances or strategy of the Company may result in a need to recognize an impairment charge. During the fourth quarter of 2025, a foreign subsidiary ceased operations as a money transmitter and is in the process of being liquidated, which resulted in an impairment charge of goodwill related to that investment in an amount of $1.2 million. As a result of the annual impairment test, the Company determined that there was no additional impairment to goodwill as of December 31, 2025. As a result of the annual impairment test, the Company determined that goodwill was not impaired as of December 31, 2024.


	Goodwill		Intangible Assets
Balance at December 31, 2022	$	49,774	$	19,826
Measurement period adjustment	(635)		—
Acquisition of LAN Holdings	4,847		3,200
Acquisition of agent locations	—		—
Amortization expense	—		(4,883)
Balance at December 31, 2023	$	53,986	$	18,143
Acquisition of Amigo Paisano brands	—		12,000
Acquisition of entities	1,209		—
Acquisition of agent locations	—		700
Amortization expense	—		(3,996)
Balance at December 31, 2024	$	55,195	$	26,847

Goodwill impairment	(1,209)		—
Acquisition of agent locations	—		3,183
Amortization expense	—		(4,626)
Balance at December 31, 2025	$	53,986	$	25,404

Other intangible assets of approximately $3.2 million resulting from the acquisition of agent locations during the year ended December 31, 2025 have a weighted average useful life of 10 years.

On December 4, 2024, the Company completed the acquisition of the Amigo Paisano brands and trademarks (“Amigo Paisano”) from a Guatemala-based third-party company, primarily concentrated in the United States to Guatemala corridor. Amigo Paisano provides the Company the opportunity to enhance its digital channel offerings and strengthen its presence in Central America.

The total consideration transferred by the Company in connection with the acquisition of Amigo Paisano was $12.0 million. The acquisition was funded with cash on hand. The allocation of the consideration transferred resulted in intangible assets that consisted of trade names of approximately $12.0 million, which will be amortized over an estimated useful life of 15 years.