PACS Group, Inc.

pacs.com

What Do They Do?

Provides skilled nursing care and, in some communities, assisted and independent living to patients and residents.

How Do They Make Money?

Patients, government programs and other payors pay for care as it is delivered; licensed healthcare-provider entities generally bill payors monthly, with rates set by contract or program.

FY2025 revenue

Who Are Their Customers?

Patients and residents receive care at the company’s facilities; payment comes from residents, government programs, health insurers and other payors, with provider entities generally billing payors monthly.

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

6% of revenue

▲ +152% vs FY2024 ($123.1M, 3%)

Net income, FY2025

4% of revenue

▲ +244% vs FY2024 ($55.8M, 1%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +9%; vs $1.3B in Q2 FY2025
Net income: ▲ +50%; vs $51M in Q2 FY2025

Aug 4, 2026 Raises 2026 guidance and closes part of Eduro acquisition Raised 2026 revenue guidance to $5.75 billion to $5.85 billion and Adjusted EBITDA guidance to $640 million to $660 million; 20 Texas facilities had closed.
Apr 27, 2026 Appoints Carey Hendrickson as CFO; Mark Hancock plans executive retirement Mark Hancock will leave his executive officer role by June 30, 2026, and remain on the board as Vice Chairman.

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