v3.25.4
Intangible Assets and Goodwill
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

8. Intangible Assets and Goodwill

 

The following tables present certain information regarding our intangible assets. Amortizable intangible assets are being amortized on a straight-line basis over their estimated useful lives of eighteen months to thirteen years with no estimated residual values, which materially approximates the expected pattern of use.

 

    December 31, 2025     December 31, 2024  
    (in millions)  
Trademarks   $ 21.8     $ 21.1  
Customer relationships     31.3       28.9  
Intellectual property licenses     7.4       6.1  
Intangible assets, gross     60.5       56.1  
Less: accumulated amortization     (46.5 )     (40.0 )
Intangible assets, net   $ 14.0     $ 16.1  

 

Aggregate intangible asset amortization expense amounted to $3.5 million and $3.3 million for the years ended December 31, 2025 and 2024, respectively.

 

The estimated intangible asset amortization expense for the years ending December 31 is as follows:

 

Year ending December 31, (in millions)        
2026     $ 3.0  
2027       2.7  
2028       1.6  
2029       1.2  
2030       1.0  
Thereafter       4.5  
Total     $ 14.0  

 

Goodwill

 

Goodwill is summarized as follows:

 

    December 31, 2025     December 31, 2024  
    (in millions)  
Balance at beginning of period, gross   $ 78.3     $ 79.3  
Accumulated goodwill impairment losses, recognized year ended December 31, 2020     (20.5 )     (20.5 )
Balance at beginning of period, net     57.8       58.8  
Foreign currency translation adjustments     4.3       (1.0 ) 
Ending balance, net   $ 62.1     $ 57.8  

 

 

INSPIRED ENTERTAINMENT, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024