NYSE$AMN

AMN Healthcare Services Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

AMN Healthcare reported Q2 2025 revenue of $658.2M with a net loss of $116.2M and diluted loss per share of $3.02.

Revenue was $658.2 million as healthcare staffing demand normalized from pandemic-era peaks. The company reported a net loss of $116.2 million ($3.02 diluted loss per share) including impairment and restructuring charges as labor market conditions softened.

  • Q2 revenue $658.2M.
  • Net loss $116.2M; diluted loss per share $3.02.
  • Travel nurse and allied staffing volumes down YoY.
  • Technology and workforce solutions partially offset declines.
  • Hospital labor budgets and nurse wage inflation remain pressures.

Headline financials

Total Revenue

$658M

Previous: $741M-11.1%
EPS (adj)

-$3.02

Previous: $0.42-819.0%
Adjusted EBITDA

$58.3M

Previous: $94.1M-38.0%
Adjusted EBITDA Margin

8.9%

Previous: 12.7%-29.9%
Avg Travelers on Assignment

8.7K

Previous: 10.3K-15.6%
Days Filled

51.3K

Previous: 56.2K-8.7%
Revenue per Day Filled

$2.78K

Previous: $2.54K+9.4%
Leverage Ratio

3.3

Previous: 2.6+26.9%
Capital Expenditures

-$19.8M

Previous: -$45.4M+56.5%
Net Income

-$116M

Previous: $16.2M-815.7%
Operating Income

-$124M

Previous: $37.7M-428.3%
Gross Profit

$196M

Previous: $230M-14.5%

Revenue & EPS history

AMN Healthcare · Revenue · Quarterly

$658M

Q2 2025-11.1%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

AMN Healthcare · $748M total across 3 segments · Q4 2025

  • Nurse & Allied Solutions
    $491M
  • Physician & Leadership
    $170M
  • Technology & Workforce
    $88M

Forward guidance

AMN Healthcare discusses outlook, capital allocation, and key risks for upcoming periods in the filing.

Tailwinds

  • AMN Healthcare cites execution on strategic and operating priorities.
  • Liquidity supports ongoing operations and investment.
  • Management monitors demand and cost trends.

Headwinds

  • Macro uncertainty may pressure volumes or margins.
  • Competitive dynamics in core markets.
  • One-time items can 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 Q2 2025

Historical avgQ2 2025

-0.0%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+29.2%

Q1 2026

Best reaction

-29.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+29.2%+38.5%+41.5%
Q4 2025+11.4%+15.8%+4.2%
Q3 2025-3.4%-10.0%-11.8%
Q2 2025+2.3%+10.2%+23.2%
Q1 2025+8.2%+7.1%+3.8%
Q4 2024+6.7%+0.5%-6.8%
Q3 2024-29.5%-36.7%-36.2%
Q2 2024-3.1%-11.9%-24.0%
Q1 2024-9.3%+3.4%-10.1%
Q4 2023-20.9%-25.5%-24.7%
Q3 2023-12.2%-17.7%-9.5%
Q2 2023-16.4%-16.6%-18.6%
Q1 2023+7.7%+10.3%+18.0%
Q4 2022-4.0%-2.3%-13.4%
Q3 2022-7.5%-0.4%+1.7%
Q2 2022+1.8%-1.7%-12.7%
Q1 2022-8.2%-10.6%-1.3%
Q4 2021+8.8%+5.3%+10.4%
Q3 2021-8.2%-1.4%+3.7%
Q2 2021+5.4%+3.8%+15.4%
Q1 2021+7.6%+10.3%+11.0%
Q4 2020+4.1%-0.7%+1.4%
Q3 2020-5.8%-7.0%-1.9%
Q2 2020+4.8%-4.5%-1.7%
Q1 2020-9.3%-12.1%+13.0%
Q4 2019+9.6%+5.6%+4.0%
Q3 2019-0.5%+2.1%+0.8%
Q2 2019+7.7%+11.4%+15.5%
Q1 2019+1.9%-0.4%-6.0%
Q4 2018-12.5%-14.7%-26.7%
Q3 2018+13.3%+11.6%+23.9%
Q2 2018-15.2%-10.4%-5.4%
Q1 2018-21.9%-21.6%-14.6%
Q4 2017+4.8%+4.8%+10.9%
Q3 2017-3.6%-1.6%+16.3%
Q2 2017+1.1%+6.9%+4.4%
Q1 2017-6.8%-6.2%-9.0%
Q4 2016+4.0%+7.9%+10.3%
Q3 2016-1.6%-2.7%-7.8%
Q2 2016-11.9%-13.8%-13.5%
Q1 2016+1.0%
Q4 2015+1.8%
Q3 2015+5.9%
Q2 2015+0.1%
Q1 2015-1.4%
Q4 2014+2.0%
Q3 2014-1.7%
Q2 2014+5.7%
Q1 2014+3.8%
Q4 2013+1.4%
Q4 2012+13.4%
Q3 2013+13.4%
Q2 2013+6.1%
Q1 2013-1.3%
Q3 2012+4.0%
Q2 2012+5.5%
Q1 2011+19.4%
Q1 2012+6.1%
Q4 2011-2.0%
Q4 2009-2.0%
Q3 2011-3.7%
Q3 2010-3.7%
Q4 2010-1.4%
Q2 2010-1.4%
Q2 2011-1.4%
Q1 2010-0.1%

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