v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 18,389 $ 17,024
Accounts receivable—less allowance for credit losses of $877 and $681, at September 30, 2026 and December 31, 2025, respectively 130,836 123,109
Prepaid expenses and other current assets 29,845 27,273
Total current assets 179,070 167,406
Property and equipment, net 93,389 60,984
Operating lease right-of-use assets 278,859 275,947
Deferred tax assets, net 595 478
Restricted and other assets 23,666 26,676
Equity method investment 30,177 0
Goodwill 237,621 237,246
Other indefinite-lived intangibles 199,442 199,442
Total assets 1,042,819 968,179
Current liabilities:    
Accounts payable 27,535 25,171
Accrued wages and related liabilities 55,670 65,229
Operating lease liabilities—current 26,863 25,013
Current maturities of long-term debt 5,000 5,000
Other accrued liabilities 36,662 26,851
Total current liabilities 151,730 147,264
Long-term operating lease liabilities—less current portion 255,961 254,311
Deferred tax liabilities, net 2,842 150
Other long-term liabilities 19,191 23,365
Long-term debt, net 193,330 168,837
Total liabilities 623,054 593,927
Commitments and contingencies (Note 17)
Equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 35,272 and 35,074 shares issued and outstanding, respectively, at September 30, 2026; and 34,878 and 34,626 shares issued and outstanding, respectively, at December 31, 2025 35 35
Additional paid-in capital 261,809 245,833
Retained earnings 114,038 86,800
Treasury stock, at cost, 3 shares at September 30, 2026 and December 31, 2025 (65) (65)
Total The Pennant Group, Inc. stockholders’ equity 375,817 332,603
Noncontrolling interest 43,948 41,649
Total equity 419,765 374,252
Total liabilities and equity $ 1,042,819 $ 968,179