Pacs Group, Inc. income statement
In fiscal 2025, Pacs Group, Inc. reported revenue of $5.29bn, up 29.3% on the year before, operating income of $310m (a 5.9% margin) and net income of $192m, or $1.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 2,422 | 3,111 | 4,090 | 5,289 | 5,551 |
| General and administrative | 149 | 214 | 344 | 415 | 443 |
| Operating income | 229 | 208 | 123 | 310 | 410 |
| Interest expense | 26 | 50 | 44 | 28 | 30 |
| Income before tax | 207 | 157 | 102 | 284 | 383 |
| Income tax | 57 | 44 | 46 | 93 | 114 |
| Net income | 150 | 113 | 56 | 192 | 269 |
| Diluted EPS | $1.17 | $0.88 | $0.38 | $1.22 | $1.74 |
| Diluted shares (average) | 129m | 129m | 149m | 157m | 155m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,026 | 1,208 | 1,277 | 1,309 | 1,345 | 1,358 | 1,420 | 1,428 |
| Cost of revenue | 850 | — | — | — | — | — | — | — |
| Gross profit | 177 | — | — | — | — | — | — | — |
| General and administrative | 71 | 90 | 99 | 100 | 103 | 113 | 112 | 114 |
| Operating income | 23 | 72 | 48 | 80 | 86 | 95 | 120 | 109 |
| Interest expense | 9 | 9 | 7 | 4 | 9 | 9 | 6 | 6 |
| Income before tax | 34 | 61 | 43 | 79 | 76 | 87 | 114 | 106 |
| Income tax | 17 | 25 | 14 | 28 | 24 | 27 | 33 | 29 |
| Net income | 16 | 37 | 28 | 51 | 52 | 60 | 81 | 76 |
| Diluted EPS | $0.10 | $0.25 | $0.17 | $0.31 | $0.32 | $0.42 | $0.50 | $0.47 |
| EBITDA | 33 | — | — | — | — | — | — | — |
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