CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 177,321	$ 232,624
Accounts receivable, net	516,436	473,566
Inventories	415,686	471,149
Prepaid expenses and other current assets	85,664	87,629
Total current assets	1,195,107	1,264,968
NONCURRENT ASSETS:
Property and equipment, net	139,939	139,236
Operating lease right-of-use asset	89,772	91,250
Intangible assets, net	21,063	21,897
Referral sources, net	278,845	287,281
Goodwill	1,606,743	1,606,743
Other noncurrent assets	48,631	44,394
Total noncurrent assets	2,184,993	2,190,801
TOTAL ASSETS	3,380,100	3,455,769
CURRENT LIABILITIES:
Accounts payable	545,016	639,829
Accrued compensation and employee benefits	49,432	70,414
Accrued expenses and other current liabilities	104,477	88,329
Current portion of operating lease liability	24,040	23,996
Current portion of long-term debt	6,780	6,780
Total current liabilities	729,745	829,348
NONCURRENT LIABILITIES:
Long-term debt, net of discount, deferred financing costs and current portion	1,153,040	1,154,052
Operating lease liability, net of current portion	86,311	88,519
Deferred income taxes	57,885	56,019
Other noncurrent liabilities	2,050	1,438
Total noncurrent liabilities	1,299,286	1,300,028
Total liabilities	2,029,031	2,129,376
STOCKHOLDERS’ EQUITY:
Preferred stock; $0.0001 par value; 12,500,000 shares authorized, no shares outstanding as of March 31, 2026 and December 31, 2025	0	0
Common stock; $0.0001 par value: 250,000,000 shares authorized, 185,181,961 shares issued and 156,988,358 shares outstanding as of March 31, 2026; 184,522,423 shares issued and 156,857,801 shares outstanding as of December 31, 2025	18	18
Treasury stock; 28,193,603 and 27,664,622 shares outstanding, at cost, as of March 31, 2026 and December 31, 2025, respectively	(835,740)	(818,201)
Paid-in capital	1,261,153	1,263,549
Retained earnings	922,264	876,921
Accumulated other comprehensive income (loss)	3,374	4,106
Total stockholders’ equity	1,351,069	1,326,393
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 3,380,100	$ 3,455,769

Option Care Health, Inc. 10-Q