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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 18,536 $ 18,317
Accounts receivable, net 128,192 127,281
Inventories 14,141 14,485
Prepaid expenses and other current assets 15,104 12,387
Total current assets 175,973 172,470
Property, plant and equipment, net 82,796 80,892
Intangible assets, net 39,187 39,708
Goodwill 181,530 181,442
Deferred income taxes 6,351 6,267
Other assets 40,952 42,259
Total assets 526,789 523,038
Current Liabilities    
Accounts payable 13,385 11,128
Accrued expenses and other current liabilities 85,485 85,233
Current portion of long-term debt 12,374 11,591
Current portion of finance lease obligations 5,735 5,317
Income taxes payable 573 1,656
Total current liabilities 117,552 114,925
Long-term debt, net of current portion 159,500 158,056
Obligations under finance leases, net of current portion 15,871 15,162
Deferred income taxes 2,093 1,973
Other long-term liabilities 32,772 34,027
Total liabilities 327,788 324,143
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, 31,325,787 and 31,010,375 shares issued and outstanding 406 402
Additional paid-in capital 251,629 250,832
Accumulated deficit (13,170) (9,984)
Accumulated other comprehensive loss (40,200) (42,682)
Total Mistras Group, Inc. stockholders’ equity 198,665 198,568
Non-controlling interests 336 327
Total equity 199,001 198,895
Total liabilities and equity $ 526,789 $ 523,038