Aveanna Healthcare Holdings, Inc. (AVAH) Form 10-Q — Aug 13, 2026
Aveanna Healthcare (AVAH) reported Q2 2026 revenue of $670.5 million, up 13.7% year over year, with net income of $40.3 million, up 49.1% from $27.0 million a year ago. Diluted EPS was $0.18 versus $0.13 in the prior-year quarter. Growth was driven by the $173.7 million cash acquisition of Family First Holding, which closed June 1, 2026, plus 12.3% volume growth in Private Duty Services. Margins compressed, however: gross margin fell to 32.6% of revenue from 35.8%, with the PDS spread rate down 11.1% to $12.88 on higher caregiver labor costs, leaving operating income essentially flat at $80.0 million.
Key figures
- Eps
- $0.18 diluted / $0.19 basic (Q2 2026) vs $0.13 diluted prior year
- Revenue
- 670483000
- Net Income
- 40293000
- Revenue Yoy
- 13.7% (Q2 2026); 14.8% (six-month)
- Total Assets
- 2106377000
- Cash Position
- 97196000
- Shares Outstanding
- 218219696
- Ms revenue q2
- 47531000
- Hhh revenue q2
- 69023000
- Note total Debt
- fair value of long-term obligations at July 4, 2026
- Pds revenue q2
- 553929000
- Q2 2025 revenue
- 589553000
- Goodwill balance
- 1276019000
- Q2 net income yoy
- +49.1%
- Six month revenue
- 1318398000
- Pds spread rate q2
- 12.88
- Family first escrow
- 10800000
- Gross margin pct q2
- 32.6
- Operating income q2
- 79980000
- Six month net income
- 81946000
- Field contribution q2
- 121446000
- Pds volume growth pct
- 12.3%
- Six month diluted eps
- 0.37
- Family first cash paid
- 173734000
- Net interest expense q2
- 26517000
- Operating income q2 yoy
- -0.1%
- Six month net income yoy
- +154.3%
- Medicaid pct of revenue q2
- 21.1%
- Pds spread rate change pct
- -11.1%
- Pds spread rate prior year
- 14.29
- Weighted avg interest rate
- 6.6% (down from 9.0% at June 28, 2025)
- Revolver available capacity
- 225500000
- Field contribution margin q2
- 18.1%
- Operating cash flow six month
- 85277000
- Gross margin pct prior year q2
- 35.8
- Medicaid mco pct of revenue q2
- 59.4%
- Net interest expense change pct
- -26.1%
- Family first preliminary goodwill
- 156214000
- Family first stated purchase price
- 175500000
Price after filing
Close on the filing date to close N calendar days later (from $11.29). Historical, not a forecast.
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.