IMAC Holdings, Inc. (BACK) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
3401 MALLORY LANE FRANKLIN, TN 37067 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8093 - Specialty Outpatient Facilities, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 504 | 222 | 763 | 7,119 | 2,624 | 374 | |||
| Cash and cash equivalent | 504 | 222 | 763 | 7,119 | 2,624 | 374 | |||
| Receivables | 28 | 731 | 2,881 | 1,209 | 1,514 | 1,258 | |||
| Disposal group, including discontinued operation | 1 | ||||||||
| Asset, held-for-sale, not part of disposal group | 97 | ||||||||
| Other current assets | 95 | 367 | 548 | 310 | 633 | ||||
| Other undisclosed current assets | 151 | 196 | 192 | 309 | 312 | ||||
| Total current assets: | 684 | 1,144 | 4,208 | 9,068 | 4,757 | 2,578 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,623 | 4,948 | 3,816 | 3,719 | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 905 | 1 | 1,585 | 2,323 | 1,777 | 3,692 | |||
| Intangible asset, including goodwill, after accumulated amortization, including: | 1,365 | 10,459 | 8,652 | 9,210 | |||||
| Goodwill | 4,500 | 4,662 | 2,041 | 2,041 | |||||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,365 | 5,797 | 6,612 | 7,169 | |||||
| Other undisclosed intangible asset, including goodwill, after accumulated amortization | (4,500) | ||||||||
| Regulated entity, other noncurrent assets | 313 | ||||||||
| Deferred costs | 170 | ||||||||
| Other undisclosed noncurrent assets | (1) | 300 | 431 | 430 | 1,049 | ||||
| Total noncurrent assets: | 905 | 6,874 | 18,162 | 14,989 | 17,841 | ||||
| TOTAL ASSETS: | 1,589 | 1,144 | 11,082 | 27,229 | 19,746 | 20,418 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,714 | 584 | 1,703 | 2,523 | 1,692 | 2,910 | |||
| Accrued liabilities | 496 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 2,219 | 584 | 1,703 | 2,523 | 1,692 | 2,910 | |||
| Debt | 72 | 274 | 2,546 | 2,545 | |||||
| Disposal group, including discontinued operation | 4,018 | ||||||||
| Other undisclosed current liabilities | 496 | 1,313 | 1,940 | 2,137 | 1,713 | 611 | |||
| Total current liabilities: | 7,228 | 1,897 | 3,714 | 4,934 | 5,950 | 6,066 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,726 | 4,153 | 5,514 | 5,836 | |||||
| Long-term debt, excluding current maturities | 2,717 | 105 | 1,959 | 2,109 | |||||
| Finance lease, liability | 9 | 29 | 48 | 67 | |||||
| Liabilities, other than long-term debt | 2,654 | ||||||||
| Operating lease, liability | 2,654 | 4,019 | 3,506 | 3,661 | |||||
| Other undisclosed noncurrent liabilities | (2,663) | (3,830) | (3,038) | 579 | |||||
| Total noncurrent liabilities: | 2,717 | 4,342 | 5,982 | 6,415 | |||||
| Total liabilities: | 7,228 | 1,897 | 6,430 | 9,276 | 11,933 | 12,481 | |||
| Equity | |||||||||
| Equity, attributable to parent | (5,639) | (753) | 4,651 | 17,953 | 10,432 | 10,017 | |||
| Preferred stock | 0 | 0 | |||||||
| Common stock | 1 | 1 | 33 | 26 | 13 | 9 | |||
| Additional paid in capital | 59,344 | 55,185 | 51,138 | 46,134 | 25,465 | 20,051 | |||
| Accumulated deficit | (64,984) | (55,938) | (46,520) | (28,207) | (15,046) | (10,042) | |||
| Equity, attributable to noncontrolling interest | (2,619) | (2,080) | |||||||
| Total equity: | (5,639) | (753) | 4,651 | 17,953 | 7,813 | 7,937 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,589 | 1,144 | 11,082 | 27,229 | 19,746 | 20,418 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 72 | 16,186 | 14,386 | 12,835 | 15,126 | |||
| Cost of revenue | (305) | |||||||
| Gross profit: | (233) | 16,186 | 14,386 | 12,835 | 15,126 | |||
| Operating expenses | (5,390) | (6,376) | (34,466) | (24,484) | (19,308) | (21,312) | ||
| Operating loss: | (5,623) | (6,376) | (18,280) | (10,098) | (6,473) | (6,186) | ||
| Nonoperating income (expense) | (675) | (100) | (33) | (444) | 930 | (766) | ||
| Investment income, nonoperating | 3 | 27 | 11 | |||||
| Other nonoperating income (expense) | (2) | (29) | 57 | 0 | (16) | |||
| Interest and debt expense | (678) | 94 | (14) | (504) | 1,551 | (639) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 639 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (6,976) | (6,381) | (18,327) | (11,046) | (3,992) | (6,952) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 678 | (94) | 14 | 504 | (1,551) | |||
| Loss from continuing operations: | (6,298) | (6,475) | (18,313) | (10,542) | (5,542) | (6,952) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (10,542) | (5,542) | (6,952) | |
| Loss from discontinued operations | (2,748) | (2,943) | ||||||
| Net loss: | (9,046) | (9,419) | (18,313) | (10,542) | (5,542) | (6,952) | ||
| Net income (loss) attributable to noncontrolling interest | 539 | (454) | ||||||
| Other undisclosed net income attributable to parent | 909 | |||||||
| Net loss attributable to parent: | (9,046) | (9,419) | (18,313) | (10,542) | (5,004) | (6,497) | ||
| Preferred stock dividends and other adjustments | (3,133) | |||||||
| Net loss available to common stockholders, diluted: | (12,178) | (9,419) | (18,313) | (10,542) | (5,004) | (6,497) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,046) | (9,419) | (18,313) | (10,542) | (5,542) | (6,952) | ||
| Comprehensive loss: | (9,046) | (9,419) | (18,313) | (10,542) | (5,542) | (6,952) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 539 | (454) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (9,046) | (9,419) | (18,313) | (10,542) | (5,004) | (7,406) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.