Company: CSTL
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001447362-25-000097
Chunk: 20

Company: CASTLE BIOSCIENCES INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 20
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245 $7,245 Lab equipment26,400 23,633 Leasehold improvements14,808 14,616 Computer equipment5,702 5,306 Furniture and fixtures3,550 3,541 Construction-in-progress31,870 9,614 Total89,575 63,955 Less accumulated depreciation(15,515)(12,833)Property and equipment, net$74,060 $51,122 Depreciation expense was recorded in the unaudited condensed consolidated statements of operations as follows (in thousands):Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Cost of sales (exclusive of amortization of acquired intangible assets)$909 $637 $1,812 $1,292 Research and development95 85 189 169 Selling, general and administrative449 379 891 733 Total$1,453 $1,101 $2,892 $2,194 

7. Goodwill and Other Intangible Assets, Net

GoodwillWe had a single reporting unit where all goodwill was allocated for as of June 30, 2025 and December 31, 2024. The balance of our goodwill was $10.7 million as of June 30, 2025 and December 31, 2024. There were no accumulated impairments of goodwill as of June 30, 2025 or December 31, 2024.We had a single reportable segment consisting of a single operating segment where the operating segment and the single reporting unit where the same as of June 30, 2025 and December 31, 2024. See Note 15 for additional information on our reportable segment.

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Table of ContentsCASTLE BIOSCIENCES, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Other Intangible Assets, NetOur other intangible assets, net consisted of the following (in thousands):June 30, 2025 Gross carrying valueAccumulated amortizationNetWeighted-Average Remaining Life (in years)Developed technology$153,500 $(60,227)$93,273 10.7Assembled workforce563 (403)160 1.4Total other intangible assets, net$154,063 $(60,630)$93,433 December 31