PACS Group, Inc.
For the period ended Sep 30, 2025. Filed Nov 19, 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 19, 2025
PACS$49.10+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets as of and
| PACS GROUP, INC. AND SUBSIDIARIES | ||
|---|---|---|
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| (dollars in thousands, except for share and per share values) | ||
| (unaudited) | ||
| September 30, | December 31, | |
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $355,672 | $157,674 |
| Accounts receivable, net | 628,280 | 641,775 |
| Other receivables | 66,428 | 74,746 |
| Prepaid expenses and other current assets | 76,369 | 64,066 |
| Total Current Assets | 1,126,749 | 938,261 |
| Property and equipment, net | 1,133,849 | 990,580 |
| Operating lease right-of-use assets | 3,000,426 | 2,994,519 |
| Insurance subsidiary deposits and investments | 80,300 | 66,258 |
| Escrow funds | 24,418 | 25,122 |
| Goodwill and other indefinite-lived assets | 68,061 | 67,061 |
| Other assets | 193,089 | 161,108 |
| Total Assets | $5,626,892 | $5,242,909 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $205,479 | $175,062 |
| Accrued payroll and benefits | 252,539 | 146,177 |
| Current operating lease liabilities | 150,651 | 136,232 |
| Current maturities of long-term debt | 7,474 | 14,852 |
| Current portion of accrued self-insurance liabilities | 120,914 | 75,966 |
| Line of credit | 100,000 | 142,000 |
| Refund liability | 181,133 | 145,795 |
| Other accrued expenses | 179,431 | 142,348 |
| Total Current Liabilities | 1,197,621 | 978,432 |
| Long-term operating lease liabilities | 2,962,999 | 2,935,773 |
| Long-term debt, less current maturities, net of deferred financing fees | 245,903 | 250,984 |
| Accrued self-insurance liabilities, less current portion | 177,480 | 164,979 |
| Other liabilities | 165,973 | 197,050 |
| Total Liabilities | $4,749,976 | $4,527,218 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| PACS Group, Inc. stockholders’ equity: | ||
| Common stock: $0.001 par value; 1,250,000,000 shares authorized; 156,615,144 shares issued and outstanding as of September 30, 2025, and 155,177,511 shares issued and outstanding as of December 31, 2024 | 157 | 155 |
| Additional paid-in capital | 621,288 | 591,363 |
| Retained earnings | 249,877 | 118,036 |
| Total stockholders' equity | 871,322 | 709,554 |
| Noncontrolling interest in subsidiary | 5,594 | 6,137 |
| Total Equity | $876,916 | $715,691 |
| Total Liabilities and Equity | $5,626,892 | $5,242,909 |
| See accompanying notes to unaudited condensed consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.