Filing Flows › Pacs Group (PACS) › Q2 2025
Pacs Group (PACS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Nov 19, 2025
Pacs Group (PACS) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +40% from a year earlier and +3% from the quarter before. Operating margin was 6.1%, net earnings $51.0M (3.9% of revenue).
Pacs Group, Q2 2025: revenue $1.3B (+40% year over year), operating margin 6.1%, net earnings $51.0M, operating cash flow $52.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +3% | +40% |
| Operating profit | $80.5M | +67% | — |
| Net earnings | $51.0M | +80% | — |
| Operating cash flow | $52.6M | -65% | +51% |
| Free cash flow | $34.0M | -74% | +75% |
What changed
Revenue was $1.3B in Q2 2025, up 40% year over year and up 3% from the previous quarter.
Operating profit was $0.08B, a 6.1% margin (up 10.1 points year over year). Total costs grew 26% against revenue growth of 40%. The fastest-growing cost line was Other operating costs (+45%). Net earnings were $0.05B. The effective tax rate was 35.2%.
Operating cash flow was $0.05B (up 51% year over year), 103% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.02B left free cash flow of $0.03B.
Questions
What was Pacs Group's revenue in the second quarter 2025?
Pacs Group (PACS) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +40% from a year earlier and +3% from the quarter before.
Was Pacs Group profitable in the second quarter 2025?
Operating profit was $80.5M (6.1% of revenue) and net earnings $51.0M.
Source: Pacs Group 10-Q on SEC EDGAR.