Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 38,721	$ 68,934
Restricted cash	36,711	24,182
Receivables:
Trade, net of allowance for credit loss of $4,195 and $4,135 as of March 31, 2026 and December 31, 2025, respectively	69,200	64,522
Other	4,897	3,965
Inventories	2,746	2,196
Prepaid expenses and other	6,007	5,173
Assets held for sale	13,376	10,812
Total current assets	171,658	179,784
Property and Equipment:
Historical cost	752,640	776,833
Accumulated depreciation	(341,790)	(348,812)
Property and equipment	410,850	428,021
Construction in progress	52,429	47,002
Net property and equipment	463,279	475,023
Right-of-use asset - operating leases	929	982
Right-of-use asset - finance leases	17	19
Investments, at equity, and advances to 50% or less owned companies	2,951	2,938
Other assets	1,913	1,855
Total assets	640,747	660,601
Current Liabilities:
Current portion of operating lease liabilities	481	405
Current portion of finance lease liabilities	12	12
Current portion of long-term debt	30,350	30,000
Accounts payable	16,355	21,268
Accrued wages and benefits	1,798	5,357
Accrued interest	5,211	0
Accrued capital, repair and maintenance expenditures	7,192	2,870
Unearned revenue	922	1,096
Accrued insurance deductibles and premiums	3,525	3,371
Other current liabilities	6,828	6,350
Total current liabilities	72,674	70,729
Long-term operating lease liabilities	470	607
Long-term finance lease liabilities	5	8
Long-term debt	297,072	304,644
Deferred income taxes	18,894	19,376
Deferred gains and other liabilities	3,794	565
Total liabilities	392,909	395,929
SEACOR Marine Holdings Inc. stockholders’ equity:
Common stock, $.01 par value, 60,000,000 shares authorized; 28,387,920 and 28,049,242 shares issued as of March 31, 2026 and December 31, 2025, respectively	284	280
Additional paid-in capital	473,241	471,862
Accumulated deficit	(224,249)	(208,444)
Shares held in treasury of 1,325,643 and 1,097,456 as of March 31, 2026 and December 31, 2025, respectively, at cost	(11,428)	(9,691)
Accumulated other comprehensive income, net of tax	9,669	10,344
Total stockholders equity	247,517	264,351
Noncontrolling interests in subsidiaries	321	321
Total equity	247,838	264,672
Total liabilities and equity	$ 640,747	$ 660,601

SEACOR Marine Holdings Inc. 10-Q