Earnings Releases·Nov 3, 2026, 4:16 PM ET

PACS Group, Inc. — Third Quarter 2026 Earnings Summary

Revenue grew 11.5% year-over-year to $1.50 billion, while net income and Adjusted EBITDA surged 16.2% and 33.6% respectively to $60.8 million and $175.7 million.
Full-year 2026 guidance was raised to $685 million–$695 million for Adjusted EBITDA and $5.95 billion–$6.05 billion for revenue, reflecting strong operational execution and a robust acquisition pipeline.
Strategic expansion continued with the closure of 32 facilities in Florida and 11 in Texas, bringing total M&A investment to $403.8 million for the first nine months of 2026.
Operational metrics improved significantly, with same-store SNF revenue up 6.4%, occupancy reaching 91.3%, and skilled nursing mix increasing to 29.1%, supported by a net leverage ratio of 0.2x and $707.4 million in available liquidity.