XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 27,805 $ 18,317
Accounts receivable, net 174,787 127,281
Inventories 14,795 14,485
Prepaid expenses and other current assets 20,111 12,387
Total current assets 237,498 172,470
Property, plant and equipment, net 87,658 80,892
Intangible assets, net 38,450 39,708
Goodwill 183,725 181,442
Deferred income taxes 5,066 6,267
Other assets 43,859 42,259
Total assets 596,256 523,038
Current Liabilities    
Accounts payable 18,375 11,128
Accrued expenses and other current liabilities 87,858 85,233
Current portion of long-term debt 13,035 11,591
Current portion of finance lease obligations 6,079 5,317
Income taxes payable 444 1,656
Total current liabilities 125,791 114,925
Long-term debt, net of current portion 189,235 158,056
Obligations under finance leases, net of current portion 14,635 15,162
Deferred income taxes 2,880 1,973
Other long-term liabilities 35,889 34,027
Total liabilities 368,430 324,143
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, 31,548,153 and 31,010,375 shares issued and outstanding 480 402
Additional paid-in capital 255,297 250,832
Accumulated earnings (deficit) 2,955 (9,984)
Accumulated other comprehensive loss (31,328) (42,682)
Total Mistras Group, Inc. stockholders’ equity 227,404 198,568
Non-controlling interests 422 327
Total equity 227,826 198,895
Total liabilities and equity $ 596,256 $ 523,038