NASDAQ$AHCO

AdaptHealth Corp. · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

AdaptHealth reported Q4 2025, revenue of $846.3M, net loss of $102.8M.

For Q4 2025, AdaptHealth reported revenue of $846.3M, a net loss of $102.8M. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $846.3M.
  • Net loss $102.8M.
  • AdaptHealth highlights liquidity, operations, and 2026 priorities.

Headline financials

Total Revenue

$846M

Previous: $857M-1.2%
EPS (adj)

$0.19

Previous: $0.34-44.1%
Adjusted EBITDA

$163M

Previous: $201M-18.7%
Adjusted EBITDA Margin

19.3%

Previous: 23.4%-17.5%
Organic Revenue Growth

1.7%

No prior period
Registered myApp Users

327.3K

No prior period
Net Income

-$103M

Previous: $51.4M-300.0%
Operating Income

-$73.3M

Previous: $97.7M-175.0%
Gross Profit

$172M

No prior period

Revenue & EPS history

AdaptHealth · Revenue · Quarterly

$846M

Q4 2025-1.2%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The release discusses AdaptHealth's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • AdaptHealth cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.6%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+34.6%

Q4 2023

Best reaction

-27.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.0%-13.4%-25.6%
Q4 2025-14.2%-11.1%+10.9%
Q3 2025+17.2%+4.5%+3.2%
Q1 2025+1.7%-1.4%+3.7%
Q4 2024+24.4%+33.1%+24.4%
Q3 2024+0.3%-0.6%-4.2%
Q2 2024-17.2%-14.1%+4.6%
Q1 2024-8.6%-8.8%+4.9%
Q4 2023+34.6%+37.9%+50.9%
Q3 2023-23.1%-18.6%-5.6%
Q2 2023+11.1%+4.4%-19.8%
Q1 2023-8.4%-12.2%-13.8%
Q4 2022-27.9%-27.9%-40.6%
Q3 2022-1.6%+8.4%+4.5%
Q2 2022-8.9%-8.2%-25.7%
Q1 2022+23.7%+42.2%+53.6%
Q4 2021+4.1%+2.3%+2.8%
Q3 2021-5.4%-7.2%-24.1%
Q2 2021+16.4%+13.4%+12.3%
Q1 2021-8.5%-14.9%-10.4%
Q4 2020+2.1%+12.4%+21.7%
Q3 2020+2.6%+0.6%+19.5%
Q2 2020+13.9%+18.0%+7.0%
Q1 2020+1.6%+5.8%+5.5%
Q4 2019+1.8%+1.4%-7.7%
Q3 2019-4.1%-4.9%-3.3%
Q2 2019+0.0%+0.0%-0.6%
Q1 2019+0.0%+0.0%+0.3%
Q4 2018+0.6%+0.7%+1.3%
Q3 2018+0.3%+0.1%+0.4%
Q2 2018+0.0%+0.3%+0.1%
Q1 2018

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro