v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 21,988 $ 28,008
Accounts receivable, net 161,759 154,673
Inventories 16,733 14,002
Prepaid expenses and other current assets 18,021 19,509
Total current assets 218,501 216,192
Property, plant and equipment, net 100,241 93,164
Intangible assets, net 38,060 38,407
Goodwill 182,201 184,829
Deferred income taxes 5,641 5,377
Other assets 39,478 40,812
Total assets 584,122 578,781
Current Liabilities    
Accounts payable 21,672 14,943
Accrued expenses and other current liabilities 84,456 88,026
Current portion of long-term debt 12,829 12,849
Current portion of finance lease obligations 8,136 7,025
Income taxes payable 424 1,465
Total current liabilities 127,517 124,308
Long-term debt, net of current portion 159,264 165,143
Obligations under finance leases, net of current portion 20,109 17,340
Deferred income taxes 2,468 1,264
Other long-term liabilities 34,588 35,081
Total liabilities 343,946 343,136
Commitments and contingencies (Note 13)
Equity    
Preferred stock, 10,000,000 shares authorized 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 31,853,713 and 31,567,434 shares issued and outstanding 690 499
Additional paid-in capital 258,838 256,863
Accumulated earnings 16,822 6,853
Accumulated other comprehensive loss (36,387) (29,111)
Total Mistras Group, Inc. stockholders’ equity 239,963 235,104
Non-controlling interests 213 541
Total equity 240,176 235,645
Total liabilities and equity $ 584,122 $ 578,781