What is Heritage Financial's goodwill impairment?

Heritage Financial (HFWA) reported goodwill impairment of $0 in Q1 2025.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

Heritage Financial HFWA Goodwill impairment

Goodwill impairment at other companies

SSR MiningSSRM

$0—

BlackBerryBB

$4M-93.5%

Teladoc HealthTDOC

$0-100%

Unusual MachinesUMAC

$0-100%

ProFrac Holding Corp.ACDC

$6.8M—

Excelerate EnergyEE

$0—

Other financials

Income statement

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Revenue$77.9M+35.3%

Net income$18.9M+36.2%

EPS (diluted)$0.48+20.0%

Balance sheet

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Cash & equivalents$268.1M+7.8%

Total debt$20.0M-92.4%

Total equity$1.1B+26.6%

Total assets$8.5B+19.2%

Cash flow

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Operating cash flow$14.0M-27.4%

CapEx$1.3M+11.2%

Free cash flow$12.7M-29.9%

Valuation

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Market cap$1.19B+29.3%

Enterprise value$946.38M-2.5%

P/E16.5×-1.5×

P/S4.5×+0.4×

Profitability

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Net margin27.2%+4.5pp

FCF margin30.1%+0.4pp

Returns & leverage

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Return on equity7.3%+1.3pp

Debt / equity0×-0.3×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Heritage Financial’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Heritage Financial's goodwill impairment?: Heritage Financial (HFWA) reported goodwill impairment of $0 in Q1 2025.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.