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BankUnited BKU Non-cash impairment related to capitalized software development costs

Non-cash impairment related to capitalized software development costs at other companies

Grid Dynamics Holdings, Inc. logo
Grid Dynamics Holdings, Inc.GDYN
$0
Whirlpool logo
WhirlpoolWHR
$0
Henry Schein logo
Henry ScheinHSIC
$0-100%
BankUnited logo
BankUnitedBKU
$3.8M
Inseego Corp. logo
Inseego Corp.INSG
$341K
Yelp logo
YelpYELP
$834.75K+29.3%

Other financials

Income statement

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Revenue$284.6M+3.9%
Net income$70.7M+2.8%
EPS (diluted)$0.97+6.6%

Balance sheet

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Cash & equivalents$367.9M-54.1%
Total debt$318.9M-55.0%
Total equity$3.0B+1.7%
Total assets$34.9B-1.6%

Cash flow

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Operating cash flow$128.6M+9.4%
CapEx-$14.1M-2,220%
Free cash flow$114.6M-2.1%

Valuation

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Market cap$3.37B+25.7%
Enterprise value$3.32B+28.3%
P/E12.3×+1.9×
P/S+0.5×

Profitability

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Net margin24.4%-0.2pp
FCF margin29.4%-0.4pp

Returns & leverage

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Return on equity9.2%+0.1pp
Debt / equity0.1×-0.1×

Where this comes from

Reported directly by BankUnited in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedComputerSoftwareImpairments1.

The source filing: BankUnited’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:32 PM EST
Fiscal year
FY2025
Accession
0001504008-26-000011

Non-interest expense for the first quarter of 2024 was negatively impacted by $5.2 million FDIC special assessments. Non-interest expense for the fourth quarter of 2025 was negatively impacted by $3.8 million write-downs of previously capitalized software.

Item 8. Financial Statements and Supplementary Data

FAQ

What is BankUnited's non-cash impairment related to capitalized software development costs?
BankUnited (BKU) reported non-cash impairment related to capitalized software development costs of $3.8M in Q4 2025.
What does non-cash impairment related to capitalized software development costs mean?
The write-down of capitalized software development costs when the carrying value exceeds the expected future economic benefit. This reflects potential inefficiencies or obsolescence in the company's technology investment strategy.

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