Filing Flows › Pacs Group (PACS) › Q3 2025
Pacs Group (PACS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Pacs Group (PACS) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +31% from a year earlier and +3% from the quarter before. Operating margin was 6.4%, net earnings $52.3M (3.9% of revenue).
Pacs Group, Q3 2025: revenue $1.3B (+31% year over year), operating margin 6.4%, net earnings $52.3M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +3% | +31% |
| Operating profit | $86.3M | +7% | +276% |
| Net earnings | $52.3M | +3% | +223% |
| Operating cash flow | $205M | +290% | -2% |
| Free cash flow | $187M | +449% | -3% |
What changed
Revenue was $1.3B in Q3 2025, up 31% year over year and up 3% from the previous quarter.
Operating profit was $0.09B, a 6.4% margin (up 4.2 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 2% margin then. Total costs grew 25% against revenue growth of 31%. The fastest-growing cost line was General & admin (+45%). Net earnings were $0.05B, up 236% year over year. The effective tax rate was 31.4%.
Operating cash flow was $0.20B (down 2% year over year), 391% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.02B left free cash flow of $0.19B.
Questions
What was Pacs Group's revenue in the third quarter 2025?
Pacs Group (PACS) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +31% from a year earlier and +3% from the quarter before.
Was Pacs Group profitable in the third quarter 2025?
Operating profit was $86.3M (6.4% of revenue) and net earnings $52.3M.
Source: Pacs Group 10-Q on SEC EDGAR.