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Ardent Health (ARDT) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 16, 2026

Ardent Health (ARDT) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and +2% from the quarter before. Operating margin was 5.8%, net earnings $45.0M (2.8% of revenue).

Revenue$1.6B
Year over year-0.1%
Quarter over quarter+2%
Operating margin5.8%
Net earnings$45.0M

Ardent Health, Q4 2025: revenue $1.6B (-0.1% year over year), operating margin 5.8%, net earnings $45.0M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.6B+2%-0.1%
Operating profit$92.4M—-45%
Net earnings$45.0M—-61%
Operating cash flow$223M+45%+87%

What changed

Revenue was $1.6B in Q4 2025, roughly flat year over year and up 2% from the previous quarter.

Operating profit was $0.09B, a 5.8% margin (down 4.7 points year over year). Total costs grew 5% against flat revenue. Net earnings were $0.04B, down 61% year over year. The effective tax rate was 19.6%.

Operating cash flow was $0.22B (up 87% year over year), 301% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items added $0.11B.

Questions

What was Ardent Health's revenue in the fourth quarter 2025?

Ardent Health (ARDT) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and +2% from the quarter before.

Was Ardent Health profitable in the fourth quarter 2025?

Operating profit was $92.4M (5.8% of revenue) and net earnings $45.0M.

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Source: Ardent Health 10-K on SEC EDGAR.