Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Note 8. Intangible Assets, Net

The following table summarizes intangible assets, net as of September 30, 2025 and December 31, 2024:


	September 30, 2025
			Accumulated
(Thousands)	Cost		Amortization		Net
Customer relationships	$	148,648	$	(39,980)	$	108,668
Favorable lease asset		220		(220)		—
Software		1,219		(876)		343
Intangible assets, net	$	150,087	$	(41,076)	$	109,011


	December 31, 2024
			Accumulated
(Thousands)	Cost		Amortization		Net
Customer relationships	$	148,648	$	(34,197)	$	114,451
Favorable lease asset		220		(209)		11
Software		1,243		(826)		417
Intangible assets, net	$	150,111	$	(35,232)	$	114,879

Amortization expense of intangible assets was $2.0 million and $5.9 million for the three and nine months ended September 30, 2025, respectively, and amortization expense of intangible assets was $2.0 million and $6.1 million for the three and nine months ended September 30, 2024, respectively. As of September 30, 2025, the weighted average useful life for definite-lived intangibles is approximately 20 years.

Westrock Coffee Co 10-Q