Filing Flows › Pacs Group (PACS) › Q1 2025
Pacs Group (PACS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Nov 19, 2025
Pacs Group (PACS) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +39% from a year earlier and +6% from the quarter before. Operating margin was 3.8%, net earnings $28.4M (2.2% of revenue).
Pacs Group, Q1 2025: revenue $1.3B (+39% year over year), operating margin 3.8%, net earnings $28.4M, operating cash flow $150M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +6% | +39% |
| Operating profit | $48.1M | -33% | -26% |
| Net earnings | $28.4M | -22% | -18% |
| Operating cash flow | $150M | +133% | +156% |
| Free cash flow | $133M | +231% | +176% |
What changed
Revenue was $1.3B in Q1 2025, up 39% year over year and up 6% from the previous quarter.
Operating profit was $0.05B, a 3.8% margin (down 3.3 points year over year). Operating profit fell $0.02B even though revenue rose $0.36B versus a year earlier, so costs grew faster than sales. Total costs grew 44% against revenue growth of 39%. The fastest-growing cost line was General & admin (+110%). Net earnings were $0.03B, down 18% year over year. The effective tax rate was 33.6%.
Operating cash flow was $0.15B (up 156% year over year), 529% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.02B left free cash flow of $0.13B.
Questions
What was Pacs Group's revenue in the first quarter 2025?
Pacs Group (PACS) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +39% from a year earlier and +6% from the quarter before.
Was Pacs Group profitable in the first quarter 2025?
Operating profit was $48.1M (3.8% of revenue) and net earnings $28.4M.
Source: Pacs Group 10-Q on SEC EDGAR.