Quarterly ResultMay 11, 2026, 04:23 PM
PACS Group Q1 Revenue $1.42B, Net Income $80.7M, EPS $0.51
AI Summary
PACS Group, Inc. reported strong financial results for the first quarter ended March 31, 2026, with total revenue increasing by 11.2% to $1.42 billion. Net income attributable to PACS Group, Inc. saw a substantial rise of 183.5% to $80.7 million, leading to a basic EPS of $0.51. The company also demonstrated robust operational performance with a significant increase in operating income and net cash provided by operating activities.
Key Highlights
- Total Revenue increased 11.2% to $1.42 billion for Q1 2026, up from $1.28 billion in Q1 2025.
- Net Income Attributable to PACS Group, Inc. surged 183.5% to $80.7 million, compared to $28.5 million in Q1 2025.
- Basic Net Income Per Share Attributable to PACS Group, Inc. rose to $0.51 from $0.18 year-over-year.
- Operating income significantly increased by 149.4% to $120.0 million in Q1 2026 from $48.1 million in Q1 2025.
- Net cash provided by operating activities grew 57.3% to $236.3 million, up from $150.2 million in Q1 2025.
- Patient and resident service revenue breakdown: Medicare 34.5%, Medicaid 40.0%, Managed care 19.1%, Private and other 6.4%.
- Total Assets increased to $5.66 billion as of March 31, 2026, from $5.58 billion at December 31, 2025.
- The company was in compliance with all credit facility covenants as of March 31, 2026.