Quarterly ResultMay 5, 2026, 07:13 AM
AdaptHealth Q1 Revenue $819.8M, Net Loss $16.0M; COO Change
AI Summary
AdaptHealth Corp. announced its first quarter 2026 financial results, reporting a 5.4% increase in net revenue to $819.8 million, driven by 9.1% organic growth. However, the company's net loss widened to $16.0 million and Adjusted EBITDA decreased by 5.3% to $121.2 million, partly due to $12.0 million in elevated labor expenses from a major de novo expansion. Concurrently, the company terminated COO Toby Scott Barnhart and appointed Daniel McFadden as his successor. AdaptHealth also completed a $1.1 billion refinancing and divested its remaining custom rehabilitation assets, and raised its full-year 2026 net revenue guidance.
Key Highlights
- COO Toby Scott Barnhart terminated; Daniel McFadden appointed new COO on May 4, 2026.
- Q1 2026 Net Revenue increased 5.4% to $819.8 million from $777.9 million YoY.
- Q1 2026 Net Loss attributable to AdaptHealth Corp. was $16.0 million, wider than $7.2 million YoY.
- Q1 2026 Adjusted EBITDA decreased 5.3% to $121.2 million from $127.9 million YoY.
- Achieved 9.1% organic revenue growth across all segments in Q1 2026.
- Completed $1.1 billion senior secured credit facility refinancing in April 2026.
- Divested remaining custom rehabilitation assets in April 2026.
- Raised fiscal year 2026 net revenue guidance to $3.45 billion - $3.52 billion.