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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 18,317 $ 17,646
Accounts receivable, net 127,281 132,847
Inventories 14,485 15,283
Prepaid expenses and other current assets 12,387 14,580
Total current assets 172,470 180,356
Property, plant and equipment, net 80,892 80,972
Intangible assets, net 39,708 43,994
Goodwill 181,442 187,354
Deferred income taxes 6,267 2,316
Other assets 42,259 39,784
Total Assets 523,038 534,776
Current Liabilities    
Accounts payable 11,128 17,032
Accrued expenses and other current liabilities 85,233 84,331
Current portion of long-term debt 11,591 8,900
Current portion of finance lease obligations 5,317 5,159
Income taxes payable 1,656 1,101
Total current liabilities 114,925 116,523
Long-term debt, net of current portion 158,056 181,499
Obligations under finance leases, net of current portion 15,162 11,261
Deferred income taxes 1,973 2,552
Other long-term liabilities 34,027 32,438
Total Liabilities 324,143 344,273
Commitments and contingencies (Note 18)
Equity    
Preferred stock, 10,000,000 shares authorized 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 31,010,375 and 30,597,633 shares issued 402 305
Additional paid-in capital 250,832 247,165
Accumulated Deficit (9,984) (28,942)
Accumulated other comprehensive loss (42,682) (28,336)
Total Mistras Group, Inc. stockholders’ equity 198,568 190,192
Non-controlling interests 327 311
Total Equity 198,895 190,503
Total Liabilities and Equity $ 523,038 $ 534,776