v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 18,987 $ 28,008
Accounts receivable, net 169,948 154,673
Inventories 16,855 14,002
Prepaid expenses and other current assets 20,351 19,509
Total current assets 226,141 216,192
Property, plant and equipment, net 106,898 93,164
Intangible assets, net 38,386 38,407
Goodwill 182,282 184,829
Deferred income taxes 4,717 5,377
Other assets 39,039 40,812
Total assets 597,463 578,781
Current liabilities    
Accounts payable 18,466 14,943
Accrued expenses and other current liabilities 89,031 88,026
Current portion of long-term debt 12,803 12,849
Current portion of finance lease obligations 8,829 7,025
Income taxes payable 577 1,465
Total current liabilities 129,706 124,308
Long-term debt, net of current portion 160,961 165,143
Obligations under finance leases, net of current portion 21,718 17,340
Deferred income taxes 2,965 1,264
Other long-term liabilities 33,710 35,081
Total liabilities 349,060 343,136
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, 31,863,024 and 31,567,434 shares issued and outstanding 704 499
Additional paid-in capital 260,463 256,863
Accumulated earnings 23,771 6,853
Accumulated other comprehensive loss (36,710) (29,111)
Total Mistras Group, Inc. stockholders’ equity 248,228 235,104
Non-controlling interests 175 541
Total equity 248,403 235,645
Total liabilities and equity $ 597,463 $ 578,781