Montrose Environmental Group, Inc. (MEG)

MEG Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	6.74	12.94	23.24	89.83	146.74	34.39
Short-Term Investments	-	1.07	1.76	1.39	0.84	0.71
Cash & Short-Term Investments	6.74	14.01	25	91.22	147.58	35.09
Cash Growth	-53.53%	-43.98%	-72.59%	-38.19%	320.54%	400.20%
Accounts Receivable	234.06	210.97	163.99	145.54	137.27	91.54
Other Receivables	-	-	0.03	2.27	1.89	1.14
Receivables	234.06	210.97	164.02	147.81	139.16	92.68
Inventory	-	2.79	3.82	3.63	2.44	2.49
Prepaid Expenses	15.19	10.22	8.09	5.27	4.68	3.51
Restricted Cash	-	-	-	-	-	0.5
Total Current Assets	255.98	238	200.92	247.93	293.86	134.27
Property, Plant & Equipment	122.29	123.17	102.33	71.92	64	34.4
Long-Term Investments	-	1.54	3.46	6.05	-	-
Goodwill	469.03	467.79	364.45	323.87	311.94	274.67
Other Intangible Assets	132.85	152.76	140.81	142.11	161	154.85
Other Long-Term Assets	5.54	4.99	4.81	0.04	2.3	4.54
Total Assets	985.68	990.35	816.79	791.91	833.09	602.73
Accounts Payable	64.51	33.42	31.05	25.35	24.17	15.48
Accrued Expenses	46.3	50.44	50.72	35.28	40.88	32.65
Current Portion of Long-Term Debt	11.21	17.87	14.2	12.03	10.94	5.58
Current Portion of Leases	16.72	15.97	13.92	11.67	10.4	-
Current Income Taxes Payable	-	-	-	-	-	0.26
Current Unearned Revenue	-	9.3	8.13	18.55	27.91	6.11
Other Current Liabilities	15.61	31.67	8.27	8.56	33.41	51.46
Total Current Liabilities	154.35	158.66	126.29	111.44	147.7	111.54
Long-Term Debt	302.42	204.82	148.99	152.49	161.82	164.22
Long-Term Leases	38.99	42.34	33.23	25.92	22.62	6.11
Long-Term Deferred Tax Liabilities	16.37	13.31	6.06	5.74	4.01	2.82
Other Long-Term Liabilities	14.83	32.03	28.03	30.2	27.53	27.97
Total Liabilities	526.96	451.16	342.61	325.8	363.67	312.65
Additional Paid-In Capital	728.03	721.07	531.83	492.68	464.14	259.43
Retained Earnings	-265.3	-272.67	-210.36	-179.5	-147.68	-122.35
Comprehensive Income & Other	-4.01	-2.13	-0.22	0.01	0.04	0.07
Total Common Equity	458.72	446.26	321.25	313.19	316.5	137.15
Shareholders' Equity	458.72	539.19	474.18	466.12	469.43	290.07
Total Liabilities & Equity	985.68	990.35	816.79	791.91	833.09	602.73
Total Debt	369.34	281	210.34	202.12	205.77	175.9
Net Cash (Debt)	-362.6	-266.99	-185.33	-110.9	-58.19	-140.81
Net Cash Per Share	-10.41	-8.08	-6.17	-3.74	-2.18	-8.54
Filing Date Shares Outstanding	35.32	34.34	30.38	29.87	29.67	25.2
Total Common Shares Outstanding	35.32	34.31	30.19	29.75	29.62	24.93
Working Capital	101.62	79.34	74.64	136.49	146.16	22.73
Book Value Per Share	12.99	13.01	10.64	10.53	10.69	5.50
Tangible Book Value	-143.16	-174.28	-184.01	-152.79	-156.44	-292.38
Tangible Book Value Per Share	-4.05	-5.08	-6.10	-5.14	-5.28	-11.73
Land	-	1.09	1.09	0.73	0.73	0.73
Buildings	-	5.76	5.75	2.98	2.98	2.98
Machinery	-	107.15	92.04	71.62	62.92	67.9
Construction In Progress	-	3.99	3.96	3.15	2.34	0.22
Leasehold Improvements	-	14.03	10.81	8.58	7.27	6.77

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q