Quarterly ResultApr 30, 2026, 02:58 PM
PFHO Q1 Net Income $193.7K, down 33.8%; Revenue down 17.7%
AI Summary
PACIFIC HEALTH CARE ORGANIZATION INC reported a significant decline in its first-quarter 2026 financial results. Net income decreased by 33.8% to $193,669, while total revenues fell by 17.7% to $1.5 million compared to the same period last year. The company also noted a substantial drop in HCO revenues, partially offset by growth in utilization review services.
Key Highlights
- Net income for Q1 2026 was $193,669, a 33.8% decrease from $292,663 in Q1 2025.
- Total revenues for Q1 2026 were $1,497,704, down 17.7% from $1,818,814 in Q1 2025.
- Income from operations decreased by 45.1% to $172,684 in Q1 2026 from $314,419 in Q1 2025.
- HCO revenues significantly dropped by 62.3% to $186,226 in Q1 2026.
- Utilization review revenues increased by 8.6% to $537,597 in Q1 2026.
- Cash and cash equivalents increased to $2,396,835 as of March 31, 2026, from $2,168,808 at year-end 2025.
- Net cash provided by operating activities decreased by 31.1% to $228,027 in Q1 2026.
- Three major customers accounted for 49% of total sales in Q1 2026.