PACS Group, Inc.

For the period ended Sep 30, 2026. Filed Nov 3, 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.

Sep 30, 2026 · Filed Nov 3, 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)
	September 30,	December 31,
	2026	2025
ASSETS
Current Assets:
Cash and cash equivalents	$115,281	$197,016
Accounts receivable, net	660,256	628,128
Other receivables	89,847	73,965
Prepaid expenses and other current assets	81,356	170,630
Total Current Assets	946,740	1,069,739
Property and equipment, net	1,451,640	1,201,096
Operating lease right-of-use assets	2,969,730	2,968,176
Insurance subsidiary deposits and investments	164,703	87,192
Escrow funds	25,468	18,404
Goodwill and other indefinite-lived assets	151,115	68,061
Other assets	208,787	171,366
Total Assets	$5,918,183	$5,584,034
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$177,273	$192,232
Accrued payroll and benefits	252,885	187,516
Current operating lease liabilities	174,884	153,066
Current maturities of long-term debt	7,984	4,463
Current portion of accrued self-insurance liabilities	160,724	128,994
Refund liability	181,129	181,129
Other accrued expenses	227,423	154,030
Total Current Liabilities	1,182,302	1,001,430
Long-term operating lease liabilities	2,933,068	2,939,854
Line of credit	—	100,000
Long-term debt, less current maturities, net of deferred financing fees	264,350	244,803
Accrued self-insurance liabilities, less current portion	243,582	192,561
Other liabilities	76,169	152,937
Total Liabilities	$4,699,471	$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; 158,723,071 shares issued and outstanding as of September 30, 2026, and 156,615,144 shares issued and outstanding as of December 31, 2025	159	157
Additional paid-in capital	686,635	637,035
Retained earnings	527,462	309,579
Total PACS Group, Inc. stockholders' equity	1,214,256	946,771
Noncontrolling interest in subsidiary	4,456	5,678
Total Equity	$1,218,712	$952,449
Total Liabilities and Equity	$5,918,183	$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.