v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 69,705 $ 58,828
Other receivables 31,552 19,015
Prepaid expenses 14,498 17,582
Total current assets 256,416 227,260
Property and equipment, net of accumulated depreciation 156,062 144,709
Operating lease right-of-use assets 77,033 76,555
Investments in unconsolidated affiliates 423,331 423,191
Intangible assets, net of accumulated amortization 39,722 41,335
Goodwill 807,554 807,554
Other assets 48,654 43,953
Total assets [1] 1,808,772 1,764,557
LIABILITIES AND EQUITY    
Accounts payable 27,062 44,857
Accrued expenses and other current liabilities 109,167 95,561
Accounts receivable pledging arrangement 1,267 1,599
Current portion of long-term debt 14,330 13,112
Current portion of finance lease liabilities 14,597 11,552
Current portion of operating lease liabilities 11,932 12,513
Total current liabilities 178,355 179,194
Long-term debt, less current maturities 819,753 819,029
Long-term finance lease liabilities, less current maturities 41,177 33,262
Long-term operating lease liabilities, less current maturities 72,296 71,437
Deferred income taxes 43,592 40,772
Other liabilities 38,538 34,740
Total liabilities [1] 1,193,711 1,178,434
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 96,074,976 shares issued and outstanding at June 30, 2026 and 96,109,927 shares issued and outstanding at December 31, 2025 96 96
Additional paid-in-capital 1,241,563 1,217,087
Accumulated deficit (626,598) (631,060)
Total equity 615,061 586,123
TOTAL LIABILITIES AND EQUITY 1,808,772 1,764,557
Nonrelated Party    
ASSETS    
Accounts receivable 120,637 112,942
Related Party    
ASSETS    
Accounts receivable $ 20,024 $ 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 June 30, 2026 and December 31, 2025, total assets of consolidated VIEs consisted of accounts receivable of $60,623 and $49,560, respectively; accounts receivable, related party of $3,094 and $5,811, respectively; prepaid expenses of $1,111 and $1,502, respectively; other receivables of $5,482 and $4,463, respectively; property and equipment, net of accumulated depreciation of $18,173 and $17,669, respectively; operating lease right-of-use assets of $10,457 and $9,541, respectively; goodwill of $101,802 and $101,802, respectively; investments in unconsolidated affiliates of $54,020 and $54,087, respectively; and other assets of $23,356 and $21,554, respectively. As of June 30, 2026 and December 31, 2025, total liabilities of consolidated VIEs consisted of accounts payable of $349 and $373, respectively; accrued expenses and other current liabilities of $18,662 and $18,150, respectively; current portion of operating leases of $1,721 and $1,647, respectively; other liabilities of $28,296 and $25,724, respectively; and long-term operating lease liabilities, less current maturities of $9,302 and $8,492, respectively. See Note 10 “Variable Interest Entities” for further discussion.