CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 309,822	$ 412,565
Accounts receivable, net	474,500	409,733
Inventories	415,723	388,131
Prepaid expenses and other current assets	82,721	112,198
Total current assets	1,282,766	1,322,627
NONCURRENT ASSETS:
Property and equipment, net	134,298	127,367
Operating lease right-of-use asset	92,439	86,528
Intangible assets, net	22,732	16,993
Referral sources, net	295,716	284,017
Goodwill	1,606,646	1,540,246
Other noncurrent assets	45,248	43,965
Total noncurrent assets	2,197,079	2,099,116
TOTAL ASSETS	3,479,845	3,421,743
CURRENT LIABILITIES:
Accounts payable	627,867	610,779
Accrued compensation and employee benefits	72,460	63,028
Accrued expenses and other current liabilities	93,324	77,783
Current portion of operating lease liability	23,475	22,044
Current portion of long-term debt	6,780	6,512
Total current liabilities	823,906	780,146
NONCURRENT LIABILITIES:
Long-term debt, net of discount, deferred financing costs and current portion	1,155,056	1,104,641
Operating lease liability, net of current portion	90,894	84,776
Deferred income taxes	50,019	47,576
Other noncurrent liabilities	1,311	366
Total noncurrent liabilities	1,297,280	1,237,359
Total liabilities	2,121,186	2,017,505
STOCKHOLDERS’ EQUITY:
Preferred stock; $0.0001 par value; 12,500,000 shares authorized, no shares outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock; $0.0001 par value: 250,000,000 shares authorized, 184,498,929 shares issued and 160,107,695 shares outstanding as of September 30, 2025; 183,846,725 shares issued and 166,261,112 shares outstanding as of December 31, 2024	18	18
Treasury stock; 24,391,234 and 17,585,613 shares outstanding, at cost, as of September 30, 2025 and December 31, 2024, respectively	(722,192)	(507,598)
Paid-in capital	1,256,914	1,231,435
Retained earnings	818,417	669,336
Accumulated other comprehensive income	5,502	11,047
Total stockholders’ equity	1,358,659	1,404,238
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 3,479,845	$ 3,421,743

Option Care Health, Inc. 10-Q