--- title: "Pennant | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 285.36 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285430117.md" datetime: "2026-05-06T20:14:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285430117.md) - [en](https://longbridge.com/en/news/285430117.md) - [zh-HK](https://longbridge.com/zh-HK/news/285430117.md) --- # Pennant | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 285.36 M Revenue: As of FY2026 Q1, the actual value is USD 285.36 M, beating the estimate of USD 281.1 M. EPS: As of FY2026 Q1, the actual value is USD 0.24, missing the estimate of USD 0.265. EBIT: As of FY2026 Q1, the actual value is USD 20.37 M. The Pennant Group, Inc. reported its financial results for the first quarter ended March 31, 2026, on May 6, 2026, though the actual financial figures and specific outlook content were not included in the initial filing . #### First Quarter 2026 Consolidated Financial Highlights - Total revenue for the first quarter was $285,364 thousand, an increase from $209,842 thousand in the prior year quarter . - Net income for the first quarter was $10,293 thousand, up from $8,522 thousand in the prior year quarter . - Net income attributable to The Pennant Group, Inc. was $8,519 thousand, compared to $7,775 thousand in the prior year quarter . - Adjusted net income for the first quarter was $11,528 thousand, compared to $9,624 thousand in the prior year quarter . - Consolidated Adjusted EBITDAR for the first quarter was $34,740 thousand, compared to $27,998 thousand in the prior year quarter . - Consolidated Adjusted EBITDA for the first quarter was $21,710 thousand, compared to $16,373 thousand in the prior year quarter . - Consolidated Adjusted EBITDA prior to Non-Controlling Interest (NCI) for the first quarter was $23,484 thousand, compared to $17,120 thousand in the prior year quarter . #### Consolidated Expenses (Three Months Ended March 31, 2026 vs. 2025) - Cost of services was $232,662 thousand in 2026, compared to $168,745 thousand in 2025 . - Rent—cost of services was $13,098 thousand in 2026, compared to $11,715 thousand in 2025 . - General and administrative expense was $19,687 thousand in 2026, compared to $14,840 thousand in 2025 . - Depreciation and amortization was $2,616 thousand in 2026, compared to $1,892 thousand in 2025 . - Total expenses were $268,063 thousand in 2026, compared to $197,192 thousand in 2025 . - Income from operations was $17,301 thousand in 2026, compared to $12,650 thousand in 2025 . - Other expense, net, was - $3,214 thousand in 2026, compared to - $1,274 thousand in 2025 . - Interest expense, net, was - $3,068 thousand in 2026, compared to - $1,205 thousand in 2025 . - Provision for income taxes was $3,794 thousand in 2026, compared to $2,854 thousand in 2025 . #### Consolidated Cash Flow (Three Months Ended March 31, 2026 vs. 2025) - Net cash used in operating activities was - $3,405 thousand in 2026, compared to - $21,229 thousand in 2025 . - Net cash used in investing activities was - $5,380 thousand in 2026, compared to - $50,301 thousand in 2025 . - Net cash used in financing activities was - $3,327 thousand in 2026, compared to $52,505 thousand in 2025 . - Cash at end of period was $4,912 thousand in 2026, compared to $5,221 thousand in 2025 . #### Segment Revenue (Three Months Ended March 31, 2026 vs. 2025) - **Home Health and Hospice Services:** Revenue was $229,089 thousand in 2026, a 43.3% increase from $159,870 thousand in 2025 . Segment Adjusted EBITDAR from Operations was $36,801 thousand in 2026, versus $27,274 thousand in 2025 . Segment Adjusted EBITDA from Operations was $33,600 thousand in 2026, versus $25,139 thousand in 2025 . - **Senior Living Services:** Revenue was $56,275 thousand in 2026, a 12.6% increase from $49,972 thousand in 2025 . Segment Adjusted EBITDAR from Operations was $16,264 thousand in 2026, versus $14,449 thousand in 2025 . Segment Adjusted EBITDA from Operations was $6,434 thousand in 2026, versus $4,928 thousand in 2025 . #### Operational Metrics (Three Months Ended March 31, 2026 vs. 2025) - **Home Health Services:** Total home health admissions increased by 62.7% to 30,721 in 2026 from 18,878 in 2025 . Total Medicare home health admissions increased by 75.1% to 13,303 in 2026 from 7,599 in 2025 . Average Medicare revenue per 60-day completed episode was $3,689 in 2026, a -0.2% change from $3,698 in 2025 . - **Hospice Services:** Total hospice admissions increased by 27.0% to 4,805 in 2026 from 3,783 in 2025 . Average daily census increased by 37.0% to 5,199 in 2026 from 3,794 in 2025 . Hospice Medicare revenue per day increased by 1.1% to $192 in 2026 from $190 in 2025 . - **Senior Living Services:** Occupancy increased by 0.1 percentage points to 78.6% in 2026 from 78.5% in 2025 . Average monthly revenue per occupied unit increased by 3.8% to $5,388 in 2026 from $5,193 in 2025 . #### Same Agency/Store Operational Metrics (Three Months Ended March 31, 2026 vs. 2025) - **Same Agency Home Health and Hospice:** Revenue increased by 11.1% to $159,917 thousand in 2026 from $143,949 thousand in 2025 . Total home health admissions increased by 5.8% to 18,264 in 2026 from 17,268 in 2025 . Total Medicare home health admissions increased by 9.2% to 7,693 in 2026 from 7,048 in 2025 . Average Medicare revenue per 60-day completed episode increased by 2.1% to $3,782 in 2026 from $3,706 in 2025 . Total hospice admissions increased by 1.3% to 3,579 in 2026 from 3,534 in 2025 . Average daily census increased by 10.2% to 3,952 in 2026 from 3,585 in 2025 . Hospice Medicare revenue per day increased by 3.3% to $189 in 2026 from $183 in 2025 . - **Same Store Senior Living:** Revenue increased by 7.5% to $51,550 thousand in 2026 from $47,969 thousand in 2025 . Occupancy increased by 1.8 percentage points to 81.0% in 2026 from 79.2% in 2025 . Average monthly revenue per occupied unit increased by 5.6% to $5,378 in 2026 from $5,093 in 2025 . #### Revenue by Payor Source (Three Months Ended March 31, 2026 vs. 2025) - Medicare revenue was $144,858 thousand (50.8% of total) in 2026, compared to $101,125 thousand (48.2% of total) in 2025 . - Medicaid revenue was $37,321 thousand (13.1% of total) in 2026, compared to $27,338 thousand (13.0% of total) in 2025 . - Managed care revenue was $45,727 thousand (16.0% of total) in 2026, compared to $30,714 thousand (14.6% of total) in 2025 . - Private and other revenue was $57,458 thousand (20.1% of total) in 2026, compared to $50,665 thousand (24.2% of total) in 2025 . #### Outlook / Guidance The Pennant Group, Inc. is focused on driving operational excellence across both segments, including newly-acquired operations, with two of five integration waves completed and census above acquisition levels . The company anticipates continued growth and strong results from its mature operations . 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