PACS Group, Inc. Reports First Quarter 2026 Results
PACS Group, Inc. reported Q1 2026 revenue of $1.42 billion, up 11.2% from the prior year, and net income of $80.7 million, a significant increase of 184.2% from $28.4 million in the prior-year period. Adjusted EBITDA for the quarter was $170.4 million, up 74.6% from $97.6 million in the prior year, with a net benefit of $16.3 million from California’s Workforce & Quality Incentive Program (WQIP). The company raised its full-year 2026 Adjusted EBITDA guidance to a range of $605 million to $625 million, up from the prior range of $555 million to $575 million, reflecting strong performance across its ramping and mature cohorts.
Key figures
- Eps
- 0.51
- Revenue
- 1420494000
- Guidance
- FY26 Adjusted EBITDA $605 million to $625 million, up from $555 million to $575 million
- Revenue Yoy
- 11.2%
- Net income
- 80668000
- Occupancy rate
- 90.8%
- Adjusted ebitda
- 170390000
- Adjusted ebitdar
- 265921000
- Available liquidity
- 795100000
- Number of facilities
- 290
- Skilled mix by revenue
- 50.7%
- Cash and cash equivalents
- 247981000
- Number of operational beds
- 32757
- Skilled nursing services revenue
- 1378442000
- Skilled mix by nursing patient days
- 30.5%
- Cash provided by operating activities
- 236335000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.