Loading...
AdaptHealth Q1 2025 Earnings Report
AdaptHealth reported a decrease in net revenue and adjusted EBITDA, alongside an increase in cash flow from operations for the first quarter of 2025.
Key Takeaways
AdaptHealth Corp. announced its first quarter 2025 financial results, reporting a net revenue of $777.9 million, a 1.8% decrease compared to the previous year. The company experienced a net loss of $7.2 million and a 19.3% decrease in Adjusted EBITDA to $127.9 million. Despite these declines, cash flow from operations significantly increased to $95.5 million.
Net revenue decreased by 1.8% to $777.9 million compared to $792.5 million in Q1 2024.
The company reported a net loss attributable to AdaptHealth Corp. of $7.2 million, a larger loss than the $2.1 million in Q1 2024.
Adjusted EBITDA declined by 19.3% to $127.9 million from $158.5 million in the prior year.
Cash flow from operations saw a substantial increase to $95.5 million from $49.0 million in Q1 2024.
Forward Guidance
AdaptHealth is updating its fiscal year 2025 financial guidance to reflect the disposition of certain incontinence assets, with revised net revenue and Adjusted EBITDA ranges, while free cash flow guidance remains unchanged.
Positive Outlook
- Free cash flow guidance for fiscal year 2025 remains unchanged at $180 million to $220 million, indicating stable cash generation expectations.
- The company continues to leverage its geographic reach and operational scale to capture market share.
- Patient service excellence is expected to drive consistent and sustainable organic growth across all four segments.
- The disposition of certain incontinence assets may streamline operations and improve focus on core segments.
- Continued progress on financial position with additional debt reduction.
Challenges Ahead
- Net revenue guidance for fiscal year 2025 has been lowered from $3.22 billion-$3.36 billion to $3.18 billion-$3.32 billion.
- Adjusted EBITDA guidance for fiscal year 2025 has been lowered from $670 million-$710 million to $665 million-$705 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...