Filing Flows › GMR Solutions (GMRS) › Q1 2026 › vs Q1 2025
GMR Solutions (GMRS) Q1 2026 vs Q1 2025 (year over year)
GMR Solutions's revenue rose $90.2M (+7%) from $1.4B in Q1 2025 to $1.5B in Q1 2026. The biggest changes: Net transport revenue +$90.7M (+7%); Complementary Revenue −$514K (-1%). Operating margin 15.0% against 13.0% (+2.0 pts).
GMR Solutions, Q1 2026: revenue $1.5B (+7% year over year), operating margin 15.0%, net earnings $106M, operating cash flow $129M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.0% | 13.0% | +2.0 pts |
| Net margin | 7.3% | 2.8% | +4.5 pts |
| Free cash flow margin | 4.4% | 10.0% | -5.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Commercial insurance and managed care (excluding Medicare and Medicaid managed care) | $824M | $750M | $74.6M | +10% |
| Medicare | $348M | $344M | $4.6M | +1% |
| Medicaid | $124M | $116M | $8.2M | +7% |
| Other third-party payors | $96.7M | $87.2M | $9.5M | +11% |
| Self-pay | $23.3M | $29.6M | −$6.3M | -21% |
| Net transport revenue | $1.4B | $1.3B | $90.7M | +7% |
| Complementary Revenue | $40.6M | $41.2M | −$514K | -1% |
| Revenue | $1.5B | $1.4B | $90.2M | +7% |
| Operating profit | $219M | $178M | $41.0M | +23% |
| Costs & expenses | $1.2B | $1.2B | $49.1M | +4% |
| Pre-tax earnings | $143M | $67.4M | $75.1M | +111% |
| Other expense, net | $76.4M | $110M | −$34.1M | -31% |
| Net earnings | $106M | $38.0M | $68.3M | +180% |
| Income tax | $36.2M | $29.4M | $6.8M | +23% |
| Depreciation & amortization | $75.4M | $75.1M | $240K | +0.3% |
| Working capital & other | $53.0M | −$75.7M | $129M | — |
| Operating cash flow | $129M | $189M | −$60.6M | -32% |
| Free cash flow (OCF − capex) | $64.6M | $137M | −$72.3M | -53% |
| Capital expenditures | $64.1M | $52.5M | $11.7M | +22% |
Questions
How much did GMR Solutions's revenue grow year over year in Q1 2026?
GMR Solutions's revenue rose $90.2M (+7%) from $1.4B in Q1 2025 to $1.5B in Q1 2026.
What drove GMR Solutions's revenue change in Q1 2026?
Net transport revenue +$90.7M (+7%); Complementary Revenue −$514K (-1%).