Adapthealth Corp. balance sheet

At the end of fiscal 2025, Adapthealth Corp. had total assets of $4.32bn, total liabilities of $2.79bn and shareholders' equity of $1.52bn. It held $106m in cash against $1.75bn of debt: net debt of $1.64bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Adapthealth Corp.: balance sheet, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	1	77	100	150	46	77	110	106	—
Receivables	53	79	171	360	359	389	408	371	390
Inventory	8	13	59	123	128	114	140	115	105
Total current assets	91	181	363	670	585	649	756	729	797
Goodwill	202	267	999	3,513	3,545	2,725	2,675	2,458	2,370
Total assets	369	547	1,813	5,250	5,220	4,509	4,487	4,317	4,341
Accounts payable	71	79	191	248	223	212	282	352	390
Deferred revenue (current)	8	10	11	31	32	39	35	59	65
Total current liabilities	136	154	422	500	456	537	567	712	709
Short-term debt	7	2	8	20	35	53	16	20	8
Long-term debt	127	395	777	2,184	2,153	2,095	1,965	1,716	1,880
Total debt	134	403	797	2,235	2,215	2,170	2,000	1,750	1,888
Total liabilities	266	612	1,533	3,184	3,062	3,042	2,909	2,790	2,955
Shareholders' equity	5	−39	355	2,062	2,151	1,458	1,571	1,519	1,378
Non-controlling interests and other (assets − liabilities − equity)	98	−27	−74	—	—	—	—	—	—
Net debt (negative = net cash)	133	327	697	2,085	2,169	2,093	1,890	1,644	—
Shares outstanding	—	—	—	134m	134m	133m	135m	135m	136m

US$ millions unless shown otherwise. Fiscal quarters.

Adapthealth Corp.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	401	408	418	394	380	371	392	390
Inventory	133	140	129	149	149	115	159	105
Total current assets	684	756	745	658	725	729	687	797
Goodwill	2,707	2,675	2,635	2,651	2,653	2,458	2,567	2,370
Total assets	4,470	4,487	4,437	4,351	4,384	4,317	4,424	4,341
Accounts payable	266	282	294	340	341	352	432	390
Deferred revenue (current)	36	35	46	56	60	59	60	65
Total current liabilities	553	567	577	622	671	712	743	709
Short-term debt	16	16	16	16	16	20	24	8
Long-term debt	2,014	1,965	1,941	1,793	1,744	1,716	1,799	1,880
Total debt	2,030	1,981	1,957	1,809	1,760	1,736	1,823	1,888
Total liabilities	2,946	2,909	2,863	2,757	2,759	2,790	2,910	2,955
Shareholders' equity	1,516	1,571	1,568	1,587	1,617	1,519	1,507	1,378
Shares outstanding	135m	135m	135m	135m	135m	135m	136m	136m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Adapthealth Corp.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Adapthealth Corp.