Perimeter Solutions, Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
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5. Goodwill and Other Intangible Assets
- GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):
| Fire Safety | Specialty Products | Total | |
|---|---|---|---|
| Balance, December 31, 2024 | $852,754 | $181,789 | $1,034,543 |
| Purchase price allocation and measurement period adjustments for business combinations | — | 1,718 | 1,718 |
| Foreign currency translation | 12,268 | 5,249 | 17,517 |
| Balance, September 30, 2025 | $865,022 | $188,756 | $1,053,778 |
Intangible assets and related accumulated amortization as of September 30, 2025 and December 31, 2024 are as follows (in thousands):
| September 30, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| EstimatedUseful Life(in years) · Gross Value · Accumulated Impairment · ForeignCurrencyTranslation · AccumulatedAmortization · Net Book Value | ||||||||
| Definite Lived Intangible Assets: | ||||||||
| Customer lists | 10 | to | 20 | $773,000 | $— | $(5,511) | $(146,853) | $620,636 |
| Technology and patents (1) | 4 | to | 20 | 275,426 | (40,738) | (814) | (50,762) | 183,112 |
| Tradenames | 10 | to | 20 | 104,900 | — | (942) | (19,492) | 84,466 |
| Balance, September 30, 2025 | $1,153,326 | $(40,738) | $(7,267) | $(217,107) | $888,214 | |||
(1) In May 2025, the Company settled its trade secret litigation with a subsidiary of Compass Minerals International, Inc. and simultaneously acquired related intangible assets, property, plant and equipment, and inventories. The total purchase consideration for the asset acquisition was $20.0 million in cash, of which $15.2 million was allocated to the technology- related intangible assets. The acquired technology-related intangible assets will be amortized on a straight-line basis over its estimated useful life of 4 years.
| EstimatedUseful Life(in years) · Gross Value · Accumulated Impairment · ForeignCurrencyTranslation · AccumulatedAmortization · Net Book Value | ||||||||
|---|---|---|---|---|---|---|---|---|
| Definite Lived Intangible Assets: | ||||||||
| Customer lists | 10 | to | 20 | $767,000 | $— | $(10,659) | $(118,596) | $637,745 |
| Technology and patents | 10 | to | 20 | 257,100 | (40,738) | (4,187) | (38,868) | 173,307 |
| Tradenames | 10 | to | 20 | 104,500 | — | (1,393) | (15,742) | 87,365 |
| Balance, December 31, 2024 | $1,128,600 | $(40,738) | $(16,239) | $(173,206) | $898,417 | |||
Amortization expense for definite-lived intangible assets was$15.2 million and $43.9 millionfor the three and nine months ended September 30, 2025 respectively, and $13.8 millionand$41.3 million, for the three and nine months ended September 30, 2024, respectively.
Estimated annual amortization expense of intangible assets for the next five years ended December 31, and thereafter is as follows (in thousands):
| Amount | |
|---|---|
| 2025 remaining | $14,977 |
| 2026 | 59,907 |
| 2027 | 59,907 |
| 2028 | 59,907 |
| 2029 | 57,686 |
| Thereafter | 635,830 |
| Total | $888,214 |
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