| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 285.36 | 36.0% |
| Total Income | 285.36 | 36.0% |
| Expenditure | 268.06 | 35.9% |
| PBT | 14.09 | 23.8% |
| Net Profit | 8.52 | 9.5% |
| OPM | 6.06% | 0.04pp |
| NPM | 2.98% | 0.72pp |
| EPS | 0.25 | 8.7% |
Pennant Reports Q1 2026 Results: Revenue Up 36.0% YoY
07 May 2026 · 7 May, 1:45 am
Summary
The Pennant Group, Inc. reported its first quarter 2026 results, with total revenue reaching $285.4 million, a 36.0% increase year-over-year. Net income for the quarter was $8.5 million, up 9.6% from the prior year. Adjusted net income increased by 19.8% to $11.5 million. CEO Brent Guerisoli noted a strong start to 2026, emphasizing operational excellence across both segments and successful integration of newly-acquired operations.
Key Highlights
- 1
Total revenue for the first quarter was $285.4 million, an increase of 36.0% over the prior year quarter.
- 2
Net income for the first quarter increased by 9.6% to $8.5 million compared to the prior year quarter.
- 3
Adjusted net income for the first quarter was $11.5 million, reflecting a 19.8% increase over the prior year quarter.
- 4
Consolidated Adjusted EBITDAR for the first quarter was $34.7 million, a 23.9% increase compared to the prior year quarter.
- 5
Home Health and Hospice Services segment revenue for the first quarter increased by 43.3% to $229.1 million year-over-year.
- 6
Total home health admissions for the first quarter rose by 62.7% to 30,721 compared to the prior year quarter.
- 7
Hospice average daily census for the first quarter was 5,199, a 37.0% increase compared to the prior year quarter.
Management Comments
Brent Guerisoli
“Pennant is off to a strong start in 2026,” said Brent Guerisoli, the Company’s Chief Executive Officer. “After a year of dramatic expansion, we are driving operational excellence across both segments, including at our newly-acquired operations in the southeast, even as we complete their integration. That process is unfolding in line with our expectations, and we now have two of five waves of operations fully transitioned, leaders in place across the acquired agencies, and a total census above acquisition levels. When paired with the momentum in our mature businesses, we have the ingredients for a successful year.”
John Gochnour
“Our mature operations continue to grow and deliver compelling results,” said John Gochnour, the Company’s Chief Operating Officer. “We have maintained rigor across our operations, where we are pushing for operational excellence at every level. Despite the heavy demands of integrating over 50 operations in the southeast and the headwinds of a 1.3% home health reimbursement cut, our same store margins improved, we saw strong year over year organic census and occupancy growth, and clinical outcomes continued to excel. As we continue to transition new operations and incrementally reduce duplicative expenses, we will unlock additional latent potential across our operations and drive margins toward our long term targets.”
Informational and educational content only. Not investment advice.