CROSS COUNTRY HEALTHCARE INC
crosscountry.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 8, 2026. Its latest SEC filing is a 15-12G/A from Jul 31, 2026.
10-Q for Q1 FY2026, filed May 8, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Places temporary nurses, allied health professionals and physicians with hospitals, clinics and other healthcare organizations. Also provides workforce-management software and advisory services to health systems.
10-K for FY2025, filed Mar 9, 2026Leveraging national and in-market staffing teams, we place highly qualified healthcare professionals in virtually every specialty on travel…View ↗
(2) Physician Staffing. Our Physician Staffing segment provides licensed practitioners across a broad array of specialties, as well as…View ↗
Through Intellify®, Cross Country's cloud-based workforce management and vendor management system, health systems gain clear visibility…View ↗
Cross Country Healthcare, Inc. (Nasdaq: CCRN) is a healthcare workforce solutions company delivering an AI-powered digital platform and…View ↗
How Did They Make Money?
Healthcare customers pay for temporary staffing based on hours worked; invoices are generally sent weekly, every two weeks, or monthly, with payment typically due 30 to 60 days later. Other services are billed as work is done or when agreed milestones or deliverables are completed.
10-K for FY2025, filed Mar 9, 2026Revenue from temporary staffing is recognized as control of the services is transferred over time and is based on hours worked by the…View ↗
The Company’s contract terms typically require payment between 30 to 60 days from the date of invoice and are considered past due based on…View ↗
The Company offers other optional services to its customers that are transferred over time including: managed service programs (MSP)…View ↗
(4)Billing and Payment for Services. Our shared service center processes hours worked by field employees in various time and attendance…View ↗
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10-K for FY2025, filed Mar 9, 2026
FY2025 revenue by product or service ↗
$1.1B
-
10-K for FY2025, filed Mar 9, 2026
$1.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Temporary Staffing Services
Usage-based
10-K for FY2025, filed Mar 9, 2026 |
97%
FY2022: 97%
|
Temporary Staffing Services, FY2025
$1B Sources
|
Usage-based |
|
Other Services
|
2.8%
FY2022: 2.7%
|
Other Services, FY2025
$29.7M Sources
|
Who Were Their Customers?
Healthcare systems and other providers—including hospitals, clinics and physician practices—buy staffing and workforce solutions; schools, government facilities and programs for older adults also use the services. The company markets directly to these organizations, while some managed-service orders are filled by subcontracted clinicians.
10-K for FY2025, filed Mar 9, 2026The Company’s contract terms typically require payment between 30 to 60 days from the date of invoice and are considered past due based on…View ↗
Leveraging national and in-market staffing teams, we place highly qualified healthcare professionals in virtually every specialty on travel…View ↗
(2)Sales and Marketing. We take an enterprise sales approach by marketing our full capabilities across the continuum of care to hospitals…View ↗
The Company has certain contracts with healthcare facilities to provide comprehensive services through its MSPs. Under these contractual…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $94.9M in FY2025, but brought in more cash than it spent: $40.1M of free cash flow.
10-K for FY2025, filed Mar 9, 2026
−$84.4MView ↗
10-K for FY2025, filed Mar 9, 2026
−$94.9MView ↗
10-K for FY2025, filed Mar 9, 2026
$40.1MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed May 8, 2026
−$4.3MView ↗
- ▲ +771% (Loss)
- vs −$490K in Q1 FY2025
10-Q for Q1 FY2026, filed May 8, 2026
Open tableView ↗
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Jul 28, 2026
Knox Lane completed its acquisition, and All Star acquired the locums division
Cross Country became a wholly owned subsidiary, and Nasdaq trading was suspended.
Sources
8-K, filed Jul 28, 2026
SAN FRANCISCO and BOCA RATON, Fla. — July 21, 2026 — Knox Lane, a growth-oriented investment firm, today announced the completion of its…View ↗
Shrank. Revenue fell 37% in 4 years, from $1.7B in FY2021 to $1.1B in FY2025, about 11% a year.
Intellify's expanded role
The older report describes Intellify as a vendor-management system for customer spend and vendor-neutral staffing. The latest report presents a workforce platform spanning internal and contingent labor, and says it added support for the Education business.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Mar 9, 2026In 2022, we adopted our proprietary vendor management system, IntellifyTM, which enhances a customer's visibility and management of their…View ↗
Who Did They Compete With?
Competes with Aya Healthcare, Medical Solutions, AMN Healthcare Services, CHG Healthcare Services, Amergis, Jackson Healthcare, Ingenovis Health, Hallmark Healthcare Staffing, RightSourcing, American Healthcare Services Association, Favorite Staffing, GHR Healthcare, SimpliFi, and HealthTrust Workforce Solutions
10-K for FY2025, filed Mar 9, 2026Staffing Industry Analysts recognized Cross Country Healthcare as a leading healthcare staffing firm in the U.S., with 3.0% market share in…View ↗
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