Filing Flows › Addus HomeCare (ADUS) › Q1 2025
Addus HomeCare (ADUS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Addus HomeCare (ADUS) reported revenue of $338M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +14% from the quarter before. Operating margin was 9.0%, net earnings $21.2M (6.3% of revenue).
Addus HomeCare, Q1 2025: revenue $338M (+20% year over year), operating margin 9.0%, net earnings $21.2M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $338M | +14% | +20% |
| Gross profit | $108M | +6% | +22% |
| Operating profit | $30.5M | +13% | +29% |
| Net earnings | $21.2M | +9% | +34% |
| Operating cash flow | $18.9M | +82% | -51% |
| Free cash flow | $17.1M | +96% | -54% |
What changed
Revenue was $337.7M in Q1 2025, up 20% year over year and up 14% from the previous quarter.
Gross margin was 31.9%, up 0.5 points from a year earlier. Operating profit was $30.5M, a 9.0% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 8% margin then. Operating expenses grew 20% against revenue growth of 20%. The fastest-growing cost line was General & admin (+20%). Net earnings were $21.2M, up 34% year over year. The effective tax rate was 21.4%.
Operating cash flow was $18.9M (down 51% year over year), 89% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $9.4M. Capital expenditures of $1.9M left free cash flow of $17.1M.
Questions
What was Addus HomeCare's revenue in the first quarter 2025?
Addus HomeCare (ADUS) reported revenue of $338M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +14% from the quarter before.
Was Addus HomeCare profitable in the first quarter 2025?
Operating profit was $30.5M (9.0% of revenue) and net earnings $21.2M.
Source: Addus HomeCare 10-Q on SEC EDGAR.