NYSE: MG
Mistras Group, Inc.CIK 0001436126 · SIC 8711 · Engineering Services
Mid
Revenue $724M
Assets $584M
as of Sep 19, 2026
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8-K
Filed Sep 18, 2026
· Period ending Sep 17, 2026
Summary not yet generated.
10-Q
Filed Aug 10, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
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8-K
Filed Aug 10, 2026
· Period ending Aug 10, 2026
Summary not yet generated.
8-K
Filed May 20, 2026
· Period ending May 19, 2026
Summary not yet generated.
10-Q
Filed May 7, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Mar 11, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Mar 11, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed May 5, 2023
· Period ending Dec 31, 2022
Summary not yet generated.
424B5
Filed May 6, 2011
Summary not yet generated.
424B5
Filed May 2, 2011
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 10, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Loss) (Unaudited)
(in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 193,132 | 185,405 | 362,166 | 347,020 |
| Cost of revenue | 130,965 | 125,739 | 249,782 | 241,025 |
| Depreciation | 5,722 | 5,721 | 11,207 | 11,158 |
| Gross profit | 56,445 | 53,945 | 101,177 | 94,837 |
| Selling, general and administrative expenses | 38,722 | 39,793 | 75,708 | 75,445 |
| Reorganization and other costs | 1,527 | 2,951 | 2,002 | 6,038 |
| Environmental expense | 460 | 518 | 329 | 1,058 |
| Research and engineering | 243 | 269 | 464 | 568 |
| Depreciation and amortization | 2,547 | 1,986 | 5,046 | 4,312 |
| Income from operations | 12,946 | 8,428 | 17,628 | 7,416 |
| Other income, net | (1,013) | — | (1,945) | — |
| Interest expense | 4,138 | 4,239 | 7,017 | 7,563 |
| Income (loss) before provision (benefit) for income taxes | 9,821 | 4,189 | 12,556 | (147) |
| Provision (benefit) for income taxes | 2,269 | 1,063 | 2,647 | (105) |
| Net income (loss) | 7,552 | 3,126 | 9,909 | (42) |
| Less: net income (loss) attributable to noncontrolling interests, net of taxes | (29) | 109 | (60) | 127 |
| Net income (loss) attributable to Mistras Group, Inc. | 7,581 | 3,017 | 9,969 | (169) |
| Net income per common share: | ||||
| Basic | 0.24 | 0.10 | 0.31 | — |
| Diluted | 0.23 | 0.10 | 0.30 | — |
| Weighted-average common shares outstanding: | ||||
| Basic | 31,831 | 31,439 | 31,725 | 31,268 |
| Diluted | 32,924 | 31,693 | 32,822 | 31,268 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| Description | June 30, 2026 (unaudited) | December 31, 2025 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | 21,988 | 28,008 |
| Accounts receivable, net | 161,759 | 154,673 |
| Inventories | 16,733 | 14,002 |
| Prepaid expenses and other current assets | 18,021 | 19,509 |
| Total current assets | 218,501 | 216,192 |
| Property, plant and equipment, net | 100,241 | 93,164 |
| Intangible assets, net | 38,060 | 38,407 |
| Goodwill | 182,201 | 184,829 |
| Deferred income taxes | 5,641 | 5,377 |
| Other assets | 39,478 | 40,812 |
| Total assets | 584,122 | 578,781 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable | 21,672 | 14,943 |
| Accrued expenses and other current liabilities | 84,456 | 88,026 |
| Current portion of long-term debt | 12,829 | 12,849 |
| Current portion of finance lease obligations | 8,136 | 7,025 |
| Income taxes payable | 424 | 1,465 |
| Total current liabilities | 127,517 | 124,308 |
| Long-term debt, net of current portion | 159,264 | 165,143 |
| Obligations under finance leases, net of current portion | 20,109 | 17,340 |
| Deferred income taxes | 2,468 | 1,264 |
| Other long-term liabilities | 34,588 | 35,081 |
| Total liabilities | 343,946 | 343,136 |
| Commitments and contingencies (Note 13) | ||
| Equity | ||
| Preferred stock, 10,000,000 shares authorized | — | — |
| Common stock, $0.01 par value, 200,000,000 shares authorized, 31,853,713 and 31,567,434 shares issued and outstanding | 690 | 499 |
| Additional paid-in capital | 258,838 | 256,863 |
| Accumulated earnings | 16,822 | 6,853 |
| Accumulated other comprehensive loss | (36,387) | (29,111) |
| Total Mistras Group, Inc. stockholders’ equity | 239,963 | 235,104 |
| Non-controlling interests | 213 | 541 |
| Total equity | 240,176 | 235,645 |
| Total liabilities and equity | 584,122 | 578,781 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | 9,909 | (42) |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 16,253 | 15,470 |
| Deferred income taxes | 989 | (48) |
| Share-based compensation expense | 3,803 | 4,602 |
| Bad debt provision for troubled customers, net of recoveries | 118 | 553 |
| Foreign currency (gain) loss | (1,945) | 3,155 |
| Other | (1,858) | (712) |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions | ||
| Accounts receivable | (8,420) | (28,384) |
| Inventories | (2,869) | (206) |
| Prepaid expenses and other assets | 1,759 | (6,306) |
| Accounts payable | 3,443 | 6,376 |
| Accrued expenses and other liabilities | (2,410) | 2,325 |
| Income taxes payable | (1,054) | (402) |
| Net cash provided by (used in) operating activities | 17,718 | (3,619) |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment | (10,730) | (10,002) |
| Purchase of intangible assets | (3,247) | (2,292) |
| Proceeds from sale of equipment | 2,115 | 878 |
| Net cash used in investing activities | (11,862) | (11,416) |
| Cash flows from financing activities | ||
| Repayment of finance lease obligations | (3,584) | (3,027) |
| Repayment of long-term debt | (6,574) | (5,171) |
| Proceeds from revolver | 27,700 | 47,000 |
| Repayment of revolver | (27,000) | (22,400) |
| Distribution to non-controlling interests | (141) | — |
| Taxes paid related to net share settlement of share-based awards | (1,637) | (1,492) |
| Net cash (used in) provided by financing activities | (11,236) | 14,910 |
| Effect of exchange rate changes on cash and cash equivalents | (640) | 1,765 |
| Net change in cash and cash equivalents | (6,020) | 1,640 |
| Cash and cash equivalents at beginning of period | 28,008 | 18,317 |
| Cash and cash equivalents at end of period | 21,988 | 19,957 |
| Supplemental disclosure of cash paid | ||
| Interest, net | 5,701 | 6,908 |
| Income taxes, net of refunds | 2,943 | 6,776 |
| Noncash investing and financing | ||
| Equipment acquired through finance lease obligations | 7,701 | 3,731 |
| Capital expenditures included in accounts payable and accrued liabilities | 3,377 | 1,362 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗