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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 106,136 $ 109,747
Accounts receivable 370,897 408,019
Inventory 151,247 139,842
Prepaid and other current assets 100,619 45,432
Assets held for sale 0 52,748
Total current assets 728,899 755,788
Equipment and other fixed assets, net 509,956 474,556
Operating lease right-of-use assets 111,968 105,999
Finance lease right-of-use assets 52,300 37,801
Goodwill 2,541,428 2,675,166
Identifiable intangible assets, net 85,121 105,548
Deferred tax assets 267,786 314,505
Other assets 19,119 17,584
Total Assets 4,316,577 4,486,947
Current liabilities:    
Accounts payable and accrued expenses 553,700 437,985
Current portion of long-term debt 20,313 16,250
Current portion of operating lease obligations 30,728 29,945
Current portion of finance lease obligations 17,702 14,315
Contract liabilities 59,843 34,944
Other liabilities 30,106 26,505
Liabilities held for sale 0 7,043
Total current liabilities 712,392 566,987
Long-term debt, less current portion 1,715,983 1,964,921
Operating lease obligations, less current portion 85,470 80,275
Finance lease obligations, less current portion 32,604 24,630
Other long-term liabilities 243,804 272,016
Total Liabilities 2,790,253 2,908,829
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized and 135,450,364 and 134,602,317 shares issued and outstanding as of December 31, 2025 and 2024, respectively 13 13
Preferred Stock, par value of $0.0001 per share, 5,000,000 shares authorized; 124,060 shares issued and outstanding as of December 31, 2025 and 2024 1 1
Treasury stock, at cost (2,935,035 shares as of December 31, 2025 and 2024) (25,548) (25,548)
Additional paid-in capital 2,176,990 2,156,604
Accumulated deficit (632,972) (562,178)
Accumulated other comprehensive income 78 2,253
Total stockholders' equity attributable to AdaptHealth Corp. 1,518,562 1,571,145
Noncontrolling interest in subsidiary 7,762 6,973
Total Stockholders' Equity 1,526,324 1,578,118
Total Liabilities and Stockholders' Equity $ 4,316,577 $ 4,486,947