Filing Flows › AdaptHealth (AHCO) › Q3 2026
AdaptHealth (AHCO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
AdaptHealth (AHCO) reported revenue of $746M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +0.7% from the quarter before. Operating margin was -20.9%, net loss $153M (20.5% of revenue).
AdaptHealth, Q3 2026: revenue $746M (+11% year over year), operating margin -20.9%, net loss $153M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $746M | +0.7% | +11% |
| Operating profit | −$156M | — | -353% |
| Net earnings | −$153M | — | -723% |
| Operating cash flow | $157M | +8% | -3% |
| Free cash flow | $51.1M | — | -24% |
What changed
Revenue was $745.6M in Q3 2026, up 11% year over year and up 1% from the previous quarter. Sleep Health was the largest line at 53% of revenue. Sleep Health added $39.0M year over year (up 11%), 53% of the total change.
Operating costs exceeded revenue by $155.9M, an operating margin of -20.9%. Total costs grew 43% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+2500%). The quarter ended with a net loss of $152.8M, wider than the previous quarter's $132.7M loss.
Operating cash flow was $156.6M (down 3% year over year). Non-cash charges added back $116.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $191.3M. After purchases of equipment and other fixed assets ($105.5M), free cash flow as the company reports it was $51.1M.
Questions
What was AdaptHealth's revenue in the third quarter 2026?
AdaptHealth (AHCO) reported revenue of $746M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +0.7% from the quarter before.
Was AdaptHealth profitable in the third quarter 2026?
Operating loss was $156M (-20.9% of revenue) and net loss $153M.
Source: AdaptHealth 10-Q on SEC EDGAR.