Filing Flows › AMN Healthcare Services (AMN) › Q1 2025
AMN Healthcare Services (AMN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
AMN Healthcare Services (AMN) reported revenue of $690M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -6% from the quarter before. Operating margin was 1.8%, net loss $1.1M (0.2% of revenue).
AMN Healthcare Services, Q1 2025: revenue $690M (-16% year over year), operating margin 1.8%, net loss $1.1M, operating cash flow $92.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $690M | -6% | -16% |
| Operating profit | $12.5M | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | $92.7M | +27% | +14% |
| Free cash flow | $82.7M | +46% | +31% |
What changed
Revenue was $689.5M in Q1 2025, down 16% year over year and down 6% from the previous quarter. Travel nurse staffing was the largest line at 31% of revenue. Travel nurse staffing lost $118.9M year over year (down 36%), 91% of the total change.
Gross margin was 28.7%, down 2.6 points from a year earlier. Operating profit was $12.5M, a 1.8% margin (down 3.1 points year over year). Operating expenses fell 15% while revenue fell 16%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $187.5M loss. Net interest and other expense of $12.3M was the main reason.
Operating cash flow was $92.7M (up 14% year over year). Non-cash charges added back $39.9M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items added $44.5M. Capital expenditures of $10.0M left free cash flow of $82.7M.
Questions
What was AMN Healthcare Services' revenue in the first quarter 2025?
AMN Healthcare Services (AMN) reported revenue of $690M for the first quarter 2025 (Q1 2025), -16% from a year earlier and -6% from the quarter before.
Was AMN Healthcare Services profitable in the first quarter 2025?
Operating profit was $12.5M (1.8% of revenue) and net loss $1.1M.