v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 15,273 $ 17,024
Accounts receivable—less allowance for credit losses of $766 and $681, at June 30, 2026 and December 31, 2025, respectively 133,182 123,109
Prepaid expenses and other current assets 35,136 27,273
Total current assets 183,591 167,406
Property and equipment, net 75,296 60,984
Operating lease right-of-use assets 286,237 275,947
Deferred tax assets, net 844 478
Restricted and other assets 27,294 26,676
Equity method investment 28,798 0
Goodwill 235,789 237,246
Other indefinite-lived intangibles 199,442 199,442
Total assets 1,037,291 968,179
Current liabilities:    
Accounts payable 26,241 25,171
Accrued wages and related liabilities 60,473 65,229
Operating lease liabilities—current 26,551 25,013
Current maturities of long-term debt 5,000 5,000
Other accrued liabilities 34,141 26,851
Total current liabilities 152,406 147,264
Long-term operating lease liabilities—less current portion 263,364 254,311
Deferred tax liabilities, net 1,804 150
Other long-term liabilities 22,776 23,365
Long-term debt 192,499 168,837
Total liabilities 632,849 593,927
Commitments and contingencies (Note 17)
Equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 35,081 and 34,848 shares issued and outstanding, respectively, at June 30, 2026; and 34,878 and 34,626 shares issued and outstanding, respectively, at December 31, 2025 35 35
Additional paid-in capital 254,832 245,833
Retained earnings 104,401 86,800
Treasury stock, at cost, 3 shares at June 30, 2026 and December 31, 2025 (65) (65)
Total The Pennant Group, Inc. stockholders’ equity 359,203 332,603
Noncontrolling interest 45,239 41,649
Total equity 404,442 374,252
Total liabilities and equity $ 1,037,291 $ 968,179