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Park Dental Partners Announces Second Quarter 2026 Results

PARK
  • Park Dental Partners reported second quarter 2026 revenue of $66.2 million, a 5.1% increase from $63.0 million in the prior-year period, with year-to-date revenue reaching $128.9 million, a 5.6% increase.
  • Gross margin decreased to $9.5 million (14.4%) for the quarter and $15.9 million (12.3%) year-to-date, primarily due to higher salaries, benefits, & doctor share-based compensation associated with the public company transition.
  • Net income was $1.3 million ($0.22 diluted EPS) for the quarter & $1.0 million ($0.16 diluted EPS) year-to-date, representing declines of 47.5% & 76.8% respectively compared to 2025.
  • Adjusted EBITDA was $7.4 million (11.2% margin) for the quarter & $12.2 million (9.4% margin) year-to-date, down 1.7% & 6.5% from the prior-year periods.
  • The company supported 87 affiliated practices & 219 practicing doctors as of June 30, 2026, with a patient retention rate of 90.3% & 185,569 patient visits in the second quarter.
  • Park Dental Partners completed one general practice acquisition in Rochester, Minnesota, & entered into a definitive agreement to acquire Village Family DSO in North Carolina, which would expand operations to a fourth state with 48 additional doctors.
  • As of June 30, 2026, cash & cash equivalents were $24.4 million, total debt was approximately $11.0 million, & the $15 million line of credit remained undrawn.
  • Operating cash flow for the first half of 2026 was $9.7 million, an increase of $0.5 million year-over-year, while capital investments totaled $4.8 million.
  • The company updated its full-year 2026 outlook to project revenue between $256.0 million & $260.0 million & Adjusted EBITDA between $21.0 million & $23.0 million, excluding the impact of the pending Village Family DSO acquisition.
  • The updated outlook assumes 3.5% to 5.0% organic revenue growth & includes approximately $2 million in recurring public company costs for legal, audit, & investor relations fees.
  • A conference call to discuss these results is scheduled for August 13, 2026, at 8:30 a.m. Eastern Time.