Mistras Group, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
MG$20.17-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Income for the and
Unaudited Condensed Consolidated Statements of Income
(in thousands, except per share data)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $195,549 | $182,694 | $542,569 | $556,909 |
| Cost of revenue | 131,826 | 128,064 | 372,851 | 392,956 |
| Depreciation | 5,530 | 5,725 | 16,688 | 17,556 |
| Gross profit | 58,193 | 48,905 | 153,030 | 146,397 |
| Selling, general and administrative expenses | 33,478 | 33,200 | 108,923 | 105,632 |
| Reorganization and other costs | 1,764 | 2,143 | 7,802 | 4,219 |
| Environmental expense | 199 | — | 1,257 | — |
| Legal settlement and insurance recoveries, net | — | (868) | — | (808) |
| Research and engineering | 210 | 241 | 778 | 816 |
| Depreciation and amortization | 2,161 | 2,331 | 6,473 | 7,170 |
| Income from operations | 20,381 | 11,858 | 27,797 | 29,368 |
| Other income | — | (1,479) | — | (1,479) |
| Interest expense | 3,381 | 4,303 | 10,944 | 13,145 |
| Income before provision for income taxes | 17,000 | 9,034 | 16,853 | 17,702 |
| Provision for income taxes | 3,797 | 2,618 | 3,692 | 3,909 |
| Net income | 13,203 | 6,416 | 13,161 | 13,793 |
| Less: net income attributable to noncontrolling interests, net of taxes | 95 | 15 | 222 | 28 |
| Net income attributable to Mistras Group, Inc. | $13,108 | $6,401 | $12,939 | $13,765 |
| Net income per common share: | ||||
| Basic | $0.42 | $0.21 | $0.41 | $0.45 |
| Diluted | $0.41 | $0.20 | $0.41 | $0.44 |
| Weighted-average common shares outstanding: | ||||
| Basic | 31,543 | 31,002 | 31,361 | 30,895 |
| Diluted | 31,880 | 31,660 | 31,920 | 31,513 |
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