Addus Homecare Corp
addus.comWhat Do They Do?
Provides in-home personal care, hospice and home health services to older adults, people with disabilities or chronic illness, and people recovering from illness or injury.
10-K for FY2025, filed Feb 24, 2026We provide home care services that primarily include personal care services to assist with activities of daily living, as well as hospice…View ↗
Our personal care segment provides non-medical assistance with activities of daily living, primarily to persons who are at increased risk…View ↗
Our hospice segment provides physical, emotional and spiritual care for people who are terminally ill as well as related services for their…View ↗
Our home health segment provides services that are primarily medical in nature to individuals who may require assistance during an illness…View ↗
How Do They Make Money?
Government agencies, managed care organizations, insurers and private consumers pay for care delivered to patients. Personal care is billed at stated rates for authorized service hours as care is provided; hospice uses daily rates, and home health is billed mainly by 30-day care periods.
10-K for FY2025, filed Feb 24, 2026Net service revenue is recognized at the amount that reflects the consideration the Company expects to receive in exchange for providing…View ↗
The majority of the Company’s net service revenues are generated from providing personal care services directly to consumers under…View ↗
The Company generates net service revenues from providing hospice services to consumers who are terminally ill as well as related services…View ↗
The Company also generates net service revenues from providing home healthcare services directly to consumers mainly under contracts with…View ↗
The Company elects to use the same 30-day periods that Medicare recognizes as standard but accelerates revenue upon discharge to align with…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by reportable segment ↗
$1.4B
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10-K for FY2025, filed Feb 24, 2026
$1.4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Personal Care
Usage-based
10-K for FY2025, filed Feb 24, 2026 |
77%
FY2022: 74%
|
Personal Care, FY2025
$1.1B Sources
|
Usage-based |
|
Hospice
Usage-based
10-K for FY2025, filed Feb 24, 2026 |
18%
FY2022: 21%
|
Hospice, FY2025
$262.5M Sources
|
Usage-based |
|
Home Health
Usage-based
|
5.0%
FY2022: 4.5%
|
Home Health, FY2025
$70.8M Sources
|
Usage-based |
Who Are Their Customers?
Government agencies and managed care organizations contract for care; commercial insurers and private consumers also pay. Personal care consumers generally come through third-party referrals, while healthcare providers refer hospice and home-health patients.
10-K for FY2025, filed Feb 24, 2026Most of our services are provided pursuant to agreements with state and local governmental social and aging service agencies. These…View ↗
We receive substantially all of our personal care consumers through third-party referrals, including state departments and local government…View ↗
With respect to our hospice and home health patients, we receive substantially all of our referrals through other healthcare providers…View ↗
Substantially all of the reimbursement we receive for services we provide comes from federal, state and local government programs, such as…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.
10-K for FY2025, filed Feb 24, 2026
$138.6MView ↗
10-K for FY2025, filed Feb 24, 2026
$95.9MView ↗
10-K for FY2025, filed Feb 24, 2026
$103.8MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Sep 12, 2026
Agrees to acquire AccentCare personal and community care businesses
The planned purchase covers the business outside New York and is subject to regulatory approvals and other closing conditions.
Sources
8-K, filed Sep 14, 2026
On September 12, 2026, Addus HealthCare, Inc., an Illinois corporation (“Addus HealthCare”), a wholly-owned subsidiary of Addus HomeCare…View ↗
Growing. Revenue grew 65% in 4 years, from $864.5M in FY2021 to $1.4B in FY2025, about 13% a year.
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