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Midas Edge

CARRIAGE SERVICES INC

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

CSV$28.63+6.8%Stored close · as of Nov 9, 2026

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Contents

Divested Operat ions

  1. DIVESTED OPERATIONS

During the year ended December 31, 2025, we sold thirteen funeral homes andfour cemeteries for an aggregate of $40.4 million and mergedtwo funeral homes with other businesses we own in existing markets. During the year ended December 31, 2024, we soldsix funeral homes andone cemetery for an aggregate of $10.9 million and merged three funeral homes with other business we own in existing markets. During the year ended December 31, 2023, we soldtwo funeral homes and two cemeteries for an aggregate of $1.1 million and mergedone funeral home with another business we own in a nearby market.

Net loss on divestitures and impairment charges. The components of Net loss on divestitures and impairment charges are as follows (in thousands):

Year ended December 31,
202520242023
Impairment of goodwill, intangibles, and PPE$1,761$637$454
Net (gain) loss on divestitures(1,451)1,224106
Net loss on disposals of fixed assets61719631
Total$371$2,580$1,191

For the years ending December 31, 2025, 2024 and 2023, after each divestiture, we concluded that it was more-likely-than not that the fair value of our reporting units was greater than their carrying value and thus there wasno impairment to goodwill.

See Note 1 to the Consolidated Financial Statements for a discussion of the methodology used for assessing goodwill impairment after a divestiture of a business.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.