Filing Flows › AdaptHealth (AHCO) › Q3 2026 › vs Q3 2025
AdaptHealth (AHCO) Q3 2026 vs Q3 2025 (year over year)
AdaptHealth's revenue rose $73.3M (+11%) from $672M in Q3 2025 to $746M in Q3 2026. The biggest changes: Sleep Health +$39.0M (+11%); Wellness at Home +$20.4M (+15%); Respiratory Health +$13.8M (+8%).
AdaptHealth, Q3 2026: revenue $746M (+11% year over year), operating margin -20.9%, net loss $153M, operating cash flow $157M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.8% | 9.9% | -3.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Sleep Health | $394M | $355M | $39.0M | +11% |
| Respiratory Health | $191M | $177M | $13.8M | +8% |
| Wellness at Home | $161M | $141M | $20.4M | +15% |
| Revenue | $746M | $672M | $73.3M | +11% |
| Income tax benefit | $17.5M | −$6.5M | $24.0M | — |
| Net loss | $153M | −$25.8M | $179M | — |
| Costs & expenses | $916M | $672M | $244M | +36% |
| Operating costs | $902M | $629M | $273M | +43% |
| Interest & other, net | $14.3M | $11.1M | $3.2M | +29% |
| Cost of revenue | $631M | $534M | $97.0M | +18% |
| General & admin | $88.7M | $88.1M | $518K | +0.6% |
| Other operating costs | $182M | $7.0M | $175M | 26× |
| Operating cash sources | $309M | $135M | $174M | +129% |
| Depreciation & amortization | $117M | $97.7M | $19.2M | +20% |
| Share-based compensation | $1.2M | $5.3M | −$4.1M | -78% |
| Working capital & other | $191M | $32.3M | $159M | +492% |
| Net loss absorbed | $153M | −$25.8M | $179M | — |
| Operating cash flow | $157M | $161M | −$4.5M | -3% |
| Free cash flow (company-reported) | $51.1M | $66.8M | −$15.8M | -24% |
| Purchases of equipment and other fixed assets | $106M | $94.2M | $11.3M | +12% |
Questions
How much did AdaptHealth's revenue grow year over year in Q3 2026?
AdaptHealth's revenue rose $73.3M (+11%) from $672M in Q3 2025 to $746M in Q3 2026.
What drove AdaptHealth's revenue change in Q3 2026?
Sleep Health +$39.0M (+11%); Wellness at Home +$20.4M (+15%); Respiratory Health +$13.8M (+8%).