CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash	$ 2,336	$ 24,246
Accounts receivable—less allowance for doubtful accounts of $532 and $232, respectively	96,082	81,302
Prepaid expenses and other current assets	15,553	17,308
Total current assets	113,971	122,856
Property and equipment, net	55,862	43,296
Operating lease right-of-use assets	274,285	270,586
Deferred tax assets, net	848	0
Restricted and other assets	25,689	17,477
Goodwill	161,534	129,124
Other indefinite-lived intangibles	121,452	96,182
Total assets	753,641	679,521
Current liabilities:
Accounts payable	21,634	18,737
Accrued wages and related liabilities	40,722	43,106
Operating lease liabilities—current	21,969	19,671
Other accrued liabilities	25,027	20,186
Total current liabilities	109,352	101,700
Long-term operating lease liabilities—less current portion	254,845	253,420
Deferred tax liabilities, net	0	1,861
Other long-term liabilities	20,401	10,575
Long-term debt	26,000	0
Total liabilities	410,598	367,556
Commitments and contingencies (Note 16)
Equity:
Common stock, $0.001 par value; 100,000 shares authorized; 34,803 and 34,570 shares issued and outstanding, respectively, at September 30, 2025; and 34,670 and 34,373 shares issued and outstanding, respectively, at December 31, 2024	35	35
Additional paid-in capital	243,780	236,091
Retained earnings	78,163	57,222
Treasury stock, at cost, 3 shares at September 30, 2025 and December 31, 2024	(65)	(65)
Total The Pennant Group, Inc. stockholders’ equity	321,913	293,283
Noncontrolling interest	21,130	18,682
Total equity	343,043	311,965
Total liabilities and equity	$ 753,641	$ 679,521