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AMN HEALTHCARE SERVICES (AMN)

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Earnings summaries and quarterly performance for AMN HEALTHCARE SERVICES.

Recent press releases and 8-K filings for AMN.

AMN Healthcare Announces Fourth Quarter and Full Year 2025 Results and Q1 2026 Outlook
AMN
Earnings
Guidance Update
Demand Weakening
  • AMN Healthcare reported Q4 2025 revenue of $748.2 million and a GAAP loss of ($0.20) per share, with adjusted EPS of $0.22.
  • For the full year 2025, the company recorded revenue of $2,730.4 million, a GAAP loss of ($2.48) per share, and adjusted EPS of $1.36.
  • The company reduced debt by $75 million in Q4 2025, contributing to a full-year debt reduction of $285 million.
  • Q4 2025 financial results exceeded expectations due to better nurse and allied staffing, including revenue from a large labor disruption event, which also led to travel nurse volume growing 5% sequentially.
  • For Q1 2026, consolidated revenue is projected to be between $1.225 billion and $1.240 billion, with an anticipated adjusted EBITDA margin of 9.7% to 10.2%, including approximately $600 million in labor disruption revenue.
Feb 20, 2026, 1:13 AM
AMN Healthcare Reports Q4 2025 Results and Provides Q1 2026 Guidance
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • AMN Healthcare reported full year 2025 revenue of $2.73 billion and Adjusted EBITDA of $234 million, while reducing debt by $285 million.
  • For the fourth quarter of 2025, consolidated revenue was $748 million, representing a 2% increase from the prior year, with $124 million attributed to labor disruption revenue.
  • The company projects Q1 2026 consolidated revenue to be in the range of $1.225 billion to $1.24 billion, which includes approximately $600 million related to labor disruption support.
  • Q1 2026 guidance also anticipates an Adjusted EBITDA margin of 9.7%-10.2% and a gross margin between 23.5% and 24%.
  • Management expects Allied, International, and Search businesses to return to year-over-year growth in Q1 2026, with other businesses following in subsequent quarters, and projects sustainable organic revenue growth of 4%-6% per year after 2026.
Feb 19, 2026, 10:00 PM
AMN Healthcare Services Reports Q4 2025 Results and Provides Q1 2026 Outlook
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • AMN Healthcare Services reported Q4 2025 revenue of $748 million, which was 2% higher than the year-ago quarter and $18 million above the high end of guidance. For the full year 2025, revenue was $2.73 billion and Adjusted EBITDA was $234 million.
  • Labor disruption revenue was a significant factor, totaling $124 million in Q4 2025 and is anticipated to be approximately $600 million in Q1 2026, which will reduce consolidated gross margin.
  • For Q1 2026, the company projects consolidated revenue to be in the range of $1.225 billion-$1.24 billion and an Adjusted EBITDA margin between 9.7%-10.2%.
  • The company expects to return all businesses to growth in 2026 and sees a path to delivering sustainable organic revenue growth of 4%-6% per year (excluding labor disruption) and 10%-15% growth of Adjusted EBITDA after 2026.
  • AMN reduced debt by $285 million in 2025 and ended the year with a net leverage ratio of 3.3x, with expectations to be below 3x on an LTM basis in Q1 2026.
Feb 19, 2026, 10:00 PM
AMN Healthcare Services Reports Q4 2025 Results and Provides Q1 2026 Guidance
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • AMN Healthcare Services reported Q4 2025 revenue of $748 million, which was 2% higher than the year-ago quarter and $18 million above the high end of guidance. For the full year 2025, revenue was $2.73 billion and Adjusted EBITDA was $234 million.
  • The company reduced debt by $285 million in 2025, ending the year with total debt of $775 million and a net leverage ratio of 3.3x, with expectations to be below 3x on an LTM basis in Q1 2026.
  • Labor disruption revenue significantly impacted results, reaching $124 million in Q4 2025 and projected to be approximately $600 million in Q1 2026, which reduces consolidated gross margin but drives operating leverage.
  • For Q1 2026, consolidated revenue is projected to be in a range of $1.225 billion to $1.24 billion, with an Adjusted EBITDA margin expected between 9.7% and 10.2%.
  • AMN expects to return all businesses to growth in 2026, with Allied International and search anticipated to return to year-over-year growth in Q1, and projects 4%-6% sustainable organic revenue growth per year beyond 2026 (excluding labor disruption).
Feb 19, 2026, 10:00 PM
AMN Healthcare Services Reports Q4 2025 Results and Provides Q1 2026 Guidance
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • AMN Healthcare Services reported Q4 2025 revenue of $748.2 million, exceeding its guidance, with consolidated revenue growing 1.8% year-over-year.
  • For Q4 2025, the company posted a net loss of $7.7 million and diluted EPS of ($0.20), while Adjusted EBITDA reached $54.5 million with a 7.3% Adjusted EBITDA margin, which was at the high end of its guidance range.
  • The company generated $68 million in Free Cash Flow during Q4 2025 and reported a Net Debt Leverage Ratio of 3.3:1 as of December 31, 2025.
  • For Q1 2026, AMN anticipates consolidated revenue between $1,225 million and $1,240 million, with an Adjusted EBITDA margin projected to be between 9.7% and 10.2%. The Nurse & Allied Solutions segment is expected to see a significant year-over-year revenue increase of 137% to 139% in Q1 2026.
Feb 19, 2026, 10:00 PM
AMN Healthcare Announces Fourth Quarter and Full Year 2025 Results
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • AMN Healthcare reported Q4 2025 revenue of $748.2 million and adjusted diluted EPS of $0.22. For the full year 2025, revenue was $2,730.4 million and adjusted diluted EPS was $1.36.
  • The company generated $76 million in cash flow from operations for Q4 2025 and $269 million for the full year, and reduced debt by $285 million in 2025.
  • Consolidated revenue for Q4 2025 increased 2% year-over-year, reaching $748 million, with Nurse and Allied Solutions revenue up 8% year-over-year driven by better staffing results, including $124 million from a large labor disruption event.
  • For Q1 2026, AMN Healthcare projects consolidated revenue between $1.225 billion and $1.240 billion, representing a 78-80% increase year-over-year, largely due to an anticipated $600 million in labor disruption revenue.
Feb 19, 2026, 9:15 PM
AMN Healthcare Announces Fourth Quarter and Full Year 2025 Results
AMN
Earnings
Guidance Update
  • AMN Healthcare reported fourth quarter 2025 revenue of $748.2 million, a 2% increase over the prior year, and adjusted diluted EPS of $0.22.
  • For the full year 2025, consolidated revenue was $2.730 billion, an 8% decrease from the prior year, with adjusted diluted EPS of $1.36.
  • The company reduced its total debt by $285 million in 2025, ending the year with $775 million in total debt outstanding.
  • AMN Healthcare provided first quarter 2026 guidance, projecting consolidated revenue between $1.225 billion and $1.240 billion and an adjusted EBITDA margin between 9.7% and 10.2%.
Feb 19, 2026, 9:15 PM
AMN Healthcare Services Presents Q4 2025 Outlook and Long-Term Growth Strategy
AMN
Guidance Update
Revenue Acceleration/Inflection
Earnings
  • AMN Healthcare Services reported $2.7 billion in LTM revenue and $255 million in Adjusted EBITDA as of September 30, 2025.
  • For Q4 2025, the company projects an annualized run rate (excluding a large labor disruption event) of $2.5 billion in revenue, with a gross margin of ~27% and an Adjusted EBITDA margin of ~6%.
  • Looking into 2026, AMN anticipates 50-100 basis points improvement in both consolidated gross margin and Adjusted EBITDA margin, with specific segments like International Nurse expected to see 15-20% year-over-year growth.
  • The company's long-term growth model, beyond 2026, targets 4-6% annual organic revenue growth and a 10-15% CAGR for Adjusted EBITDA.
  • As of September 30, 2025, total debt stood at $850 million, with a net leverage ratio of 1.0x.
Jan 14, 2026, 2:01 PM
AMN Healthcare Reports Q3 2025 Results and Issues Q4 2025 Guidance
AMN
Earnings
Guidance Update
Demand Weakening
  • AMN Healthcare reported Q3 2025 consolidated revenue of $634.5 million, which was above the high end of its guidance range.
  • The company's Adjusted EBITDA for Q3 2025 was $57.5 million, with an Adjusted EBITDA Margin of 9.1%, also exceeding guidance.
  • Net income for Q3 2025 was $29.3 million, resulting in earnings per share of $0.76. This income included a $39 million gain on the sale of Smart Square.
  • For Q4 2025, AMN Healthcare projects consolidated revenue between $715 million and $730 million, with an Adjusted EBITDA Margin guidance of 6.8% to 7.3%.
Nov 6, 2025, 10:00 PM
AMN Reports Q3 2025 Results and Provides Q4 2025 Guidance
AMN
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Q3 2025 consolidated revenue reached $634 million, with adjusted earnings per share (EPS) at $0.39.
  • For Q4 2025, AMN projects consolidated revenue between $715 million and $730 million and an adjusted EBITDA margin of 6.8%-7.3%.
  • The company completed a debt refinancing in early October, extending its earliest debt expiration to 2029 and strengthening its financial position.
  • Looking to 2026, AMN expects a more favorable revenue mix, with international nurse revenue projected to increase by over 20% and VMS revenue anticipated to turn positive, contributing to higher consolidated gross margins.
  • Demand for travel nurses has shown significant recovery, increasing approximately 50% from its mid-May low, while allied demand is now flat year-over-year.
Nov 6, 2025, 10:00 PM