Filing Flows › Pennant Group (PNTG) › Q3 2025
Pennant Group (PNTG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Pennant Group (PNTG) reported revenue of $229M for the third quarter 2025 (Q3 2025), +27% from a year earlier and +4% from the quarter before. Operating margin was 4.5%, net earnings $6.1M (2.7% of revenue).
Pennant Group, Q3 2025: revenue $229M (+27% year over year), operating margin 4.5%, net earnings $6.1M, operating cash flow $13.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | +4% | +27% |
| Operating profit | $10.2M | -11% | -5% |
| Net earnings | $6.1M | -14% | -2% |
| Operating cash flow | $13.9M | -60% | +81% |
| Free cash flow | $10.5M | -67% | +54% |
What changed
Revenue was $229.0M in Q3 2025, up 27% year over year and up 4% from the previous quarter.
Operating profit was $10.2M, a 4.5% margin (down 1.5 points year over year). Operating profit fell $556K even though revenue rose $48.4M versus a year earlier, so costs grew faster than sales. Total costs grew 29% against revenue growth of 27%. The fastest-growing cost line was SG&A (+48%). Net earnings were $6.1M, down 2% year over year. The effective tax rate was 26.8%.
Operating cash flow was $13.9M (up 81% year over year), 202% of net income including minority interests. Non-cash charges added back $2.1M of depreciation and $2.5M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $3.5M left free cash flow of $10.5M.
Questions
What was Pennant Group's revenue in the third quarter 2025?
Pennant Group (PNTG) reported revenue of $229M for the third quarter 2025 (Q3 2025), +27% from a year earlier and +4% from the quarter before.
Was Pennant Group profitable in the third quarter 2025?
Operating profit was $10.2M (4.5% of revenue) and net earnings $6.1M.
Source: Pennant Group 10-Q on SEC EDGAR.