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Accendra Health (ACH) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 11, 2025

Accendra Health (ACH) reported revenue of $682M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -74% from the quarter before. Operating margin was -5.8%, net loss $869M (127.4% of revenue).

Revenue$682M
Year over year+3%
Quarter over quarter-74%
Operating margin-5.8%
Net earnings−$869M

Accendra Health, Q2 2025: revenue $682M (+3% year over year), operating margin -5.8%, net loss $869M, operating cash flow $37.6M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$682M-74%+3%
Operating profit−$39.7M-301%—
Net earnings−$869M——
Operating cash flow$37.6M—-68%

What changed

Revenue was $681.9M in Q2 2025, up 3% year over year and down 74% from the previous quarter. Diabetes was the largest line at 28% of revenue. Sleep therapy added $11.4M year over year (up 7%), 53% of the total change. Diabetes declined 2%.

Operating costs exceeded revenue by $39.7M, an operating margin of -5.8%. The quarter ended with a net loss of $869.1M, wider than the previous quarter's $25.0M loss. Net interest and other expense of $830.5M was the main reason.

Operating cash flow was $37.6M (down 68% year over year). Non-cash charges added back $59.4M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items added $839.2M. Capital expenditures of $77.8M exceeded it, leaving free cash flow of −$40.2M.

Questions

What was Accendra Health's revenue in the second quarter 2025?

Accendra Health (ACH) reported revenue of $682M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -74% from the quarter before.

Was Accendra Health profitable in the second quarter 2025?

Operating loss was $39.7M (-5.8% of revenue) and net loss $869M.

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Source: Accendra Health 10-Q on SEC EDGAR.