v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 51,226 $ 58,828
Other receivables 20,045 19,015
Prepaid expenses 16,534 17,582
Total current assets 221,888 227,260
Property and equipment, net of accumulated depreciation 150,127 144,709
Operating lease right-of-use assets 76,175 76,555
Investments in unconsolidated affiliates 420,519 423,191
Intangible assets, net of accumulated amortization 40,245 41,335
Goodwill 807,554 807,554
Other assets 46,845 43,953
Total assets [1] 1,763,353 1,764,557
LIABILITIES AND EQUITY    
Accounts payable 37,168 44,857
Accrued expenses and other current liabilities 80,174 95,561
Accounts receivable pledging arrangement 1,693 1,599
Current portion of long-term debt 13,437 13,112
Current portion of finance lease liabilities 13,408 11,552
Current portion of operating lease liabilities 12,053 12,513
Total current liabilities 157,933 179,194
Long-term debt, less current maturities 816,974 819,029
Long-term finance lease liabilities, less current maturities 38,483 33,262
Long-term operating lease liabilities, less current maturities 71,402 71,437
Deferred income taxes 41,498 40,772
Other liabilities 37,443 34,740
Total liabilities [1] 1,163,733 1,178,434
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 96,080,735 shares issued and outstanding at March 31, 2026 and 96,109,927 shares issued and outstanding at December 31, 2025 96 96
Additional paid-in-capital 1,228,867 1,217,087
Accumulated deficit (629,343) (631,060)
Total equity 599,620 586,123
TOTAL LIABILITIES AND EQUITY 1,763,353 1,764,557
Nonrelated Party    
ASSETS    
Accounts receivable 118,141 112,942
Related Party    
ASSETS    
Accounts receivable $ 15,942 $ 18,893
[1] The Company’s condensed consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”), that can only be used to settle obligations and liabilities of the VIE and for which creditors do not have recourse to the primary beneficiary (Lumexa Imaging Holdings, Inc.). As of March 31, 2026 and December 31, 2025, total assets of consolidated VIEs consisted of accounts receivable of $53,434 and $49,560, respectively; accounts receivable, related party of $4,203 and $5,811, respectively; prepaid expenses of $1,383 and $1,502, respectively; other receivables of $5,540 and $4,463, respectively; property and equipment, net of accumulated depreciation of $17,803 and $17,669, respectively; operating lease right-of-use assets of $9,391 and $9,541, respectively; goodwill of $101,802 and $101,802, respectively; investments in unconsolidated affiliates of $53,065 and $54,087, respectively; and other assets of $24,059 and $21,554, respectively. As of March 31, 2026 and December 31, 2025, total liabilities of consolidated VIEs consisted of accounts payable of $336 and $373, respectively; accrued expenses and other current liabilities of $12,025 and $18,150, respectively; current portion of operating leases of $1,599 and $1,647, respectively; other liabilities of $28,252 and $25,724, respectively; and long-term operating lease liabilities, less current maturities of $8,392 and $8,492, respectively. See Note 10 “Variable Interest Entities” for further discussion.