Park Dental Partners Inc 2026年季度报告

FORM10-Q (Mark one) ☒Quarterly Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the quarterly period endedJune 30, 2026or☐Transition Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the transition period fromto001-42967(Commission File Number) Trading Symbol(s) Name of each exchange on which registeredPARKThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days. Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “acceleratedfiler”, “smaller reporting company”, and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESTABLE OF CONTENTS PagePARTI-- FINANCIAL INFORMATIONItem1.Financial Statements (unaudited)2Condensed Consolidated Balance Sheets2Condensed Consolidated Statements of Operations3Condensed Consolidated Statements of Shareholders' Equity (Deficit)4Condensed Consolidated Statements of Cash Flows5Notes to Condensed Consolidated Financial Statements6Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations22Item3.Quantitative and Qualitative Disclosures About Market Risk34Item4.Controls and Procedures34PARTII-- OTHER INFORMATIONItem1.Legal Proceedings36Item1A.Risk Factors36Item2.Unregistered Sales of Equity Securities and Use of Proceeds36Item 3.Defaults Upon Senior Securities36Item4.Mine Safety Disclosures36Item5.Other Information36Item6.Exhibits37Signatures38 PARTI-- FINANCIAL INFORMATION Item1.Financial Statements PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)(in thousands, except share and per share amounts) PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)(in thousands, except share and per share data) PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)(unaudited)(in thousands) See accompanying notes to the condensed consolidated financial statements. PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)(in thousands) PARK DENTAL PARTNERS,INC. AND SUBSIDIARIESNOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)(Amounts in thousands, except share and per share amounts) 1.NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES Nature of Business—We are a dental resource organization that provides administrative and otherbusiness support services to affiliated general and multi-specialty dental practices. We currently haveexclusive long-term agreements with the following affiliated dental practices— PDG, P.A., DentalSpecialists of Minnesota, PLLC and Orthodontic Specialists of Minnesota, PLLC, (together “affiliateddental practices”). We currently support 219 dentists across 87 practice locations. As a result of ourexclusive, long-term agreements with our affiliated dental practices, our condensed consolidated financialresults include the consolidated results of the affiliated dental practices, in which we do not hold an equityinterest. References to “we”, “us”, and “our” refer to Park Dental Partners,Inc. (“PDPI”) and our affiliatedgeneral and multi-specialty dental practices PDG, P.A. (“PDG”), Dental Specialists of Minnesota, PLLC(“TDS”), and Orthodontic Specialists of Minnesota, PLLC (“The Dental Specialists Orthodontics”). PDG,TDS, and The Dental Specialists Orthodontics provide general and specialty dental care services topatients in Minnesota, Wisconsin, and Arizona. Basis of presentation—The accompanying condensed consolidated financial statements, includingthe balance sheet as of June30,2026, statements of operations and statements of stockholders’ equity, forthe three and six months ended June30,2026 and 2025, and statements of cash flows for the six monthsended June30,2026 and 2025,