v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 164,451 $ 197,016
Accounts receivable, net 634,496 628,128
Other receivables 89,413 73,965
Prepaid expenses and other current assets 73,994 170,630
Total Current Assets 962,354 1,069,739
Property and equipment, net 1,397,436 1,201,096
Operating lease right-of-use assets 2,862,741 2,968,176
Insurance subsidiary deposits and investments 134,721 87,192
Escrow funds 21,726 18,404
Goodwill and other indefinite-lived assets 68,061 68,061
Other assets 209,282 171,366
Total Assets 5,656,321 5,584,034
Current Liabilities:    
Accounts payable 160,880 192,232
Accrued payroll and benefits 187,689 187,516
Current operating lease liabilities 156,062 153,066
Current maturities of long-term debt 7,380 4,463
Current portion of accrued self-insurance liabilities 157,107 128,994
Refund liability 181,129 181,129
Other accrued expenses 204,811 154,030
Total Current Liabilities 1,055,058 1,001,430
Long-term operating lease liabilities 2,848,918 2,939,854
Line of credit 0 100,000
Long-term debt, less current maturities, net of deferred financing fees 238,709 244,803
Accrued self-insurance liabilities, less current portion 237,774 192,561
Other liabilities 160,462 152,937
Total Liabilities 4,540,921 4,631,585
Commitments and contingencies (Note 15)
Equity:    
Common stock: $0.001 par value; 1,250,000,000 shares authorized; 158,335,612 shares issued and outstanding as of June 30, 2026, and 156,615,144 shares issued and outstanding as of December 31, 2025 158 157
Additional paid-in capital 643,598 637,035
Retained earnings 466,644 309,579
Total PACS Group, Inc. stockholders' equity 1,110,400 946,771
Noncontrolling interest in subsidiary 5,000 5,678
Total Equity 1,115,400 952,449
Total Liabilities and Equity $ 5,656,321 $ 5,584,034