Filing Flows › Pennant Group (PNTG) › Q4 2025
Pennant Group (PNTG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Pennant Group (PNTG) reported revenue of $289M for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +26% from the quarter before. Operating margin was 6.0%, net earnings $8.6M (3.0% of revenue).
Pennant Group, Q4 2025: revenue $289M (+53% year over year), operating margin 6.0%, net earnings $8.6M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $289M | +26% | +53% |
| Operating profit | $17.5M | +71% | +89% |
| Net earnings | $8.6M | +42% | +50% |
| Operating cash flow | $21.0M | +51% | +2% |
| Free cash flow | $17.4M | +66% | +0.9% |
What changed
Revenue was $289.3M in Q4 2025, up 53% year over year and up 26% from the previous quarter.
Operating profit was $17.5M, a 6.0% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 5% margin then. Total costs grew 51% against revenue growth of 53%. The fastest-growing cost line was Cost of revenue (+55%). Net earnings were $8.6M, up 50% year over year. The effective tax rate was 27.3%.
Operating cash flow was $21.0M (up 2% year over year), 202% of net income including minority interests. Non-cash charges added back $2.4M of depreciation and $2.2M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $3.6M left free cash flow of $17.4M.
Questions
What was Pennant Group's revenue in the fourth quarter 2025?
Pennant Group (PNTG) reported revenue of $289M for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +26% from the quarter before.
Was Pennant Group profitable in the fourth quarter 2025?
Operating profit was $17.5M (6.0% of revenue) and net earnings $8.6M.
Source: Pennant Group 10-K on SEC EDGAR.