Filing Flows › Pacs Group (PACS) › Q4 2025
Pacs Group (PACS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Pacs Group (PACS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +1% from the quarter before. Operating margin was 7.0%, net earnings $59.8M (4.4% of revenue).
Pacs Group, Q4 2025: revenue $1.4B (+12% year over year), operating margin 7.0%, net earnings $59.8M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +1% | +12% |
| Operating profit | $94.7M | +10% | +32% |
| Net earnings | $59.8M | +14% | +65% |
| Operating cash flow | −$3.4M | -102% | — |
What changed
Revenue was $1.4B in Q4 2025, up 12% year over year and up 1% from the previous quarter.
Operating profit was $0.09B, a 7.0% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 6% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was General & admin (+27%). Net earnings were $0.06B, up 60% year over year. The effective tax rate was 31.1%.
Operating cash flow was −$3.4M. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Pacs Group's revenue in the fourth quarter 2025?
Pacs Group (PACS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +1% from the quarter before.
Was Pacs Group profitable in the fourth quarter 2025?
Operating profit was $94.7M (7.0% of revenue) and net earnings $59.8M.
Source: Pacs Group 10-K on SEC EDGAR.