CARRIAGE SERVICES INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Receivables
- RECEIVABLES
Accounts Receivable
Accounts receivable is comprised of the following (in thousands):
| December 31, 2025 | |||||
|---|---|---|---|---|---|
| Column1 | Funeral | Cemetery | Corporate | Held for Sale | Total |
| Trade and financed receivables | $7,369 | $31,267 | $— | $— | $38,636 |
| Other receivables | 1,245 | 2,614 | 1,726 | — | 5,585 |
| Allowance for credit losses | (363) | (3,211) | — | — | (3,574) |
| Accounts receivable, net | $8,251 | $30,670 | $1,726 | $— | $40,647 |
| December 31, 2024 | |||||
|---|---|---|---|---|---|
| Column1 | Funeral | Cemetery | Corporate | Held for Sale | Total |
| Trade and financed receivables | $7,085 | $24,355 | $— | $(833) | $30,607 |
| Other receivables | 557 | 345 | — | — | 902 |
| Allowance for credit losses | (302) | (1,014) | — | — | (1,316) |
| Accounts receivable, net | $7,340 | $23,686 | $— | $(833) | $30,193 |
Other receivables include supplier rebates, commissions due from third-party insurance companies and perpetual care income receivables.
The following table summarizes the activity in our allowance for credit losses by portfolio segment for the year ended December 31, 2025 (in thousands):
| January 1, 2025 | Provision for Credit Losses | Write Offs | Recoveries | December 31, 2025 | |
|---|---|---|---|---|---|
| Trade and financed receivables: | |||||
| Funeral | $(302) | $(1,021) | $1,811 | $(851) | $(363) |
| Cemetery | (1,014) | (999) | (1,198) | — | (3,211) |
| Total allowance for credit losses on trade and financed receivables | $(1,316) | $(2,020) | $613 | $(851) | $(3,574) |
Cemetery Receivables
Our cemetery receivables are comprised of the following (in thousands):
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Interment rights | $99,741 | $79,436 |
| Merchandise and services | 17,761 | 13,128 |
| Unearned finance charges | 4,805 | 4,983 |
| Cemetery receivables | $122,307 | $97,547 |
The components of our cemetery receivables are as follows (in thousands):
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Cemetery receivables | $122,307 | $97,547 |
| Less: unearned finance charges | (4,805) | (4,983) |
| Cemetery receivables, at amortized cost | $117,502 | $92,564 |
| Less: allowance for contract cancellation and credit losses | (5,812) | (3,018) |
| Less: balances due on undelivered cemetery preneed contracts | (16,579) | (13,576) |
| Less: amounts in accounts receivable | (28,056) | (23,341) |
| Preneed cemetery receivables, net including HFS | $67,055 | $52,629 |
| Less: Held for sale | — | (1,671) |
| Preneed cemetery receivables, net | $67,055 | $50,958 |
The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2025 (in thousands):
| January 1, 2025 | Provision for Credit Losses | Write Offs | December 31, 2025 | |
|---|---|---|---|---|
| Total allowance for credit losses on Preneed cemetery receivables, net | $(2,004) | $(1,556) | $959 | $(2,601) |
The amortized cost basis of our cemetery receivables by year of origination as of December 31, 2025 is as follows (in thousands):
| 2025 | 2024 | 2023 | 2022 | 2021 | Prior | Total | |
|---|---|---|---|---|---|---|---|
| Total cemetery receivables, at amortized cost | $60,523 | $32,912 | $13,978 | $6,886 | $2,254 | $949 | $117,502 |
The aging of past due cemetery receivables as of December 31, 2025 is as follows (in thousands):
| 31-60 Past Due | 61-90 Past Due | 91-120 Past Due | >120 Past Due | Total Past Due | Current | Total | |
|---|---|---|---|---|---|---|---|
| Recognized revenue | $2,523 | $1,174 | $460 | $4,345 | $8,502 | $92,421 | $100,923 |
| Deferred revenue | 575 | 236 | 258 | 4,226 | 5,295 | 16,089 | 21,384 |
| Total contracts | $3,098 | $1,410 | $718 | $8,571 | $13,797 | $108,510 | $122,307 |
The aging of past due preneed cemetery receivables as of December 31, 2024 is as follows (in thousands):
| 31-60 Past Due | 61-90 Past Due | 91-120 Past Due | >120 Past Due | Total Past Due | Current | Total | |
|---|---|---|---|---|---|---|---|
| Recognized revenue | $1,599 | $1,065 | $832 | $2,578 | $6,074 | $72,914 | $78,988 |
| Deferred revenue | 302 | 160 | 105 | 612 | 1,179 | 17,380 | 18,559 |
| Total contracts | $1,901 | $1,225 | $937 | $3,190 | $7,253 | $90,294 | $97,547 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.