PACS Group, Inc.

For the period ended Mar 31, 2026. Filed May 11, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 11, 2026

PACS$49.10+0.7%Stored close · as of Nov 10, 2026

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Contents

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)
	March 31,	December 31,
	2026	2025
ASSETS
Current Assets:
Cash and cash equivalents	$247,981	$197,016
Accounts receivable, net	648,037	628,128
Other receivables	85,183	73,965
Prepaid expenses and other current assets	86,904	170,630
Total Current Assets	1,068,105	1,069,739
Property and equipment, net	1,308,168	1,201,096
Operating lease right-of-use assets	2,907,903	2,968,176
Insurance subsidiary deposits and investments	107,323	87,192
Escrow funds	18,260	18,404
Goodwill and other indefinite-lived assets	68,061	68,061
Other assets	185,698	171,366
Total Assets	$5,663,518	$5,584,034
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$180,662	$192,232
Accrued payroll and benefits	242,698	187,516
Current operating lease liabilities	154,302	153,066
Current maturities of long-term debt	8,385	4,463
Current portion of accrued self-insurance liabilities	137,934	128,994
Refund liability	181,129	181,129
Other accrued expenses	168,413	154,030
Total Current Liabilities	1,073,523	1,001,430
Long-term operating lease liabilities	2,888,283	2,939,854
Line of credit	45,000	100,000
Long-term debt, less current maturities, net of deferred financing fees	239,814	244,803
Accrued self-insurance liabilities, less current portion	208,948	192,561
Other liabilities	165,760	152,937
Total Liabilities	$4,621,328	$4,631,585
Commitments and contingencies (Note 15)
Equity:
PACS Group, Inc. stockholders’ equity:
Common stock: $0.001 par value; 1,250,000,000 shares authorized; 157,165,029 shares issued and outstanding as of March 31, 2026, and 156,615,144 shares issued and outstanding as of December 31, 2025	157	157
Additional paid-in capital	646,738	637,035
Retained earnings	390,274	309,579
Total PACS Group, Inc. stockholders' equity	1,037,169	946,771
Noncontrolling interest in subsidiary	5,021	5,678
Total Equity	$1,042,190	$952,449
Total Liabilities and Equity	$5,663,518	$5,584,034
See accompanying notes to unaudited condensed consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.