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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10.48	12.94	23.24	89.83	146.74	34.39
Short-Term Investments	1.11	1.07	1.76	1.39	0.84	0.71
Cash & Short-Term Investments	11.6	14.01	25	91.22	147.58	35.09
Cash Growth	-36.69%	-43.98%	-72.59%	-38.19%	320.54%	400.20%
Accounts Receivable	235.32	210.97	163.99	145.54	137.27	91.54
Other Receivables	-	-	0.03	2.27	1.89	1.14
Receivables	235.32	210.97	164.02	147.81	139.16	92.68
Inventory	3.15	2.79	3.82	3.63	2.44	2.49
Prepaid Expenses	10.85	10.22	8.09	5.27	4.68	3.51
Restricted Cash	-	-	-	-	-	0.5
Total Current Assets	260.92	238	200.92	247.93	293.86	134.27
Property, Plant & Equipment	122.65	123.17	102.33	71.92	64	34.4
Long-Term Investments	-	1.54	3.46	6.05	-	-
Goodwill	468.98	467.79	364.45	323.87	311.94	274.67
Other Intangible Assets	139.84	152.76	140.81	142.11	161	154.85
Other Long-Term Assets	5.69	4.99	4.81	0.04	2.3	4.54
Total Assets	998.08	990.35	816.79	791.91	833.09	602.73
Accounts Payable	35.64	33.42	31.05	25.35	24.17	15.48
Accrued Expenses	50.88	50.44	50.72	35.28	40.88	32.65
Current Portion of Long-Term Debt	8.69	17.87	14.2	12.03	10.94	5.58
Current Portion of Leases	16.84	15.97	13.92	11.67	10.4	-
Current Income Taxes Payable	-	-	-	-	-	0.26
Current Unearned Revenue	12.51	9.3	8.13	18.55	27.91	6.11
Other Current Liabilities	22.21	31.67	8.27	8.56	33.41	51.46
Total Current Liabilities	146.76	158.66	126.29	111.44	147.7	111.54
Long-Term Debt	264.64	204.82	148.99	152.49	161.82	164.22
Long-Term Leases	41.34	42.34	33.23	25.92	22.62	6.11
Long-Term Deferred Tax Liabilities	16.41	13.31	6.06	5.74	4.01	2.82
Other Long-Term Liabilities	24.86	32.03	28.03	30.2	27.53	27.97
Total Liabilities	494.02	451.16	342.61	325.8	363.67	312.65
Additional Paid-In Capital	747.69	721.07	531.83	492.68	464.14	259.43
Retained Earnings	-273.67	-272.67	-210.36	-179.5	-147.68	-122.35
Comprehensive Income & Other	-3.74	-2.13	-0.22	0.01	0.04	0.07
Total Common Equity	470.27	446.26	321.25	313.19	316.5	137.15
Shareholders' Equity	504.06	539.19	474.18	466.12	469.43	290.07
Total Liabilities & Equity	998.08	990.35	816.79	791.91	833.09	602.73
Total Debt	331.51	281	210.34	202.12	205.77	175.9
Net Cash (Debt)	-319.92	-266.99	-185.33	-110.9	-58.19	-140.81
Net Cash Per Share	-9.26	-8.08	-6.17	-3.74	-2.18	-8.54
Filing Date Shares Outstanding	35.29	34.34	30.38	29.87	29.67	25.2
Total Common Shares Outstanding	35.27	34.31	30.19	29.75	29.62	24.93
Working Capital	114.16	79.34	74.64	136.49	146.16	22.73
Book Value Per Share	13.33	13.01	10.64	10.53	10.69	5.50
Tangible Book Value	-138.56	-174.28	-184.01	-152.79	-156.44	-292.38
Tangible Book Value Per Share	-3.93	-5.08	-6.10	-5.14	-5.28	-11.73
Land	1.09	1.09	1.09	0.73	0.73	0.73
Buildings	5.75	5.76	5.75	2.98	2.98	2.98
Machinery	112.52	107.15	92.04	71.62	62.92	67.9
Construction In Progress	1.53	3.99	3.96	3.15	2.34	0.22
Leasehold Improvements	15.09	14.03	10.81	8.58	7.27	6.77

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q