--- title: "Cross Country Healthcare | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 241.06 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285619388.md" datetime: "2026-05-07T21:02:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285619388.md) - [en](https://longbridge.com/en/news/285619388.md) - [zh-HK](https://longbridge.com/zh-HK/news/285619388.md) --- # Cross Country Healthcare | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 241.06 M Revenue: As of FY2026 Q1, the actual value is USD 241.06 M, beating the estimate of USD 236.84 M. EPS: As of FY2026 Q1, the actual value is USD -0.14, missing the estimate of USD -0.048. EBIT: As of FY2026 Q1, the actual value is USD -4.562 M. ### Consolidated Financial Performance #### Revenue Cross Country Healthcare, Inc. reported revenue of $241,057 thousand for the first quarter ended March 31, 2026, representing an 18% decrease year-over-year and a 2% increase sequentially . #### Gross Profit Margin The gross profit margin was 19.7%, a decrease of 30 basis points year-over-year and 60 basis points sequentially . #### Net Loss Attributable to Common Stockholders Net loss attributable to common stockholders was - $4,266 thousand, compared to a net loss of - $490 thousand in the prior year and - $82,929 thousand in the prior quarter . #### Adjusted EBITDA Adjusted EBITDA was $3,853 thousand, or 1.6% of revenue, marking a 55% decrease year-over-year and a 5% decrease sequentially . #### Adjusted EBITDA Margin The Adjusted EBITDA Margin was 1.6%, a decrease of 130 basis points year-over-year and 10 basis points sequentially . ### Segment Revenue #### Nurse and Allied Staffing Revenue Nurse and Allied Staffing revenue was $201,444 thousand, a 17% decrease year-over-year and a 4% increase sequentially . #### Physician Staffing Revenue Physician Staffing revenue was $39,613 thousand, a 23% decrease year-over-year and a 7% decrease sequentially . #### Cross Country Community Care Revenue Growth Cross Country Community Care experienced 16% year-over-year growth . ### Segment Contribution Income #### Nurse and Allied Staffing Contribution Income Nurse and Allied Staffing contribution income was $12,728 thousand, a 26% decrease year-over-year and a 1% increase sequentially . #### Physician Staffing Contribution Income Physician Staffing contribution income was $2,787 thousand, a 31% decrease year-over-year and a 16% decrease sequentially . ### Operational Metrics #### Nurse and Allied Staffing FTEs Nurse and Allied Staffing FTEs totaled 6,363, compared to 7,411 in the prior year and 6,318 in the prior quarter . #### Average Nurse and Allied Staffing Revenue per FTE per Day Average Nurse and Allied Staffing revenue per FTE per day was $351, compared to $360 in the prior year and $333 in the prior quarter . #### Physician Staffing Days Filled Physician Staffing days filled were 17,688, compared to 22,692 in the prior year and 18,599 in the prior quarter . #### Physician Staffing Revenue per Day Filled Physician Staffing revenue per day filled was $2,240, compared to $2,253 in the prior year and $2,286 in the prior quarter . #### New Agreements and Technology Cross Country Healthcare, Inc. signed 4 new MSP/VMS agreements and licensed Intellify®, its workforce intelligence platform, to a top ten healthcare staffing provider . #### Share Repurchases The company repurchased 0.7 million shares of common stock for $5.8 million during the quarter, at an average price of $8.86 per share . ### Cash Flow and Balance Sheet Highlights #### Net Cash Provided by Operating Activities Net cash provided by operating activities was $4,767 thousand for the three months ended March 31, 2026, compared to $5,681 thousand in the prior year and $18,239 thousand in the prior quarter . #### Cash and Cash Equivalents Cross Country Healthcare, Inc. closed the quarter with $105,584 thousand in cash and cash equivalents . #### Debt There was no debt outstanding at quarter-end . #### Share Repurchase Authorization $28.1 million remained for share repurchase as of March 31, 2026 . #### Borrowing Base Availability There was $109.3 million available under the ABL, with $91.0 million available net of letters of credit . ### Outlook Cross Country Healthcare, Inc. is awaiting the closing of a pending transaction with Knox Lane in the third quarter . The company’s focus remains on disciplined execution and advancing technology initiatives . Due to the proposed merger, the company canceled its earnings conference call for the first quarter 2026 financial results . ### Related Stocks - [CCRN.US](https://longbridge.com/en/quote/CCRN.US.md) ## Related News & Research - [ELFI offers new private student loan alternative for medical and healthcare students facing federal loan changes](https://longbridge.com/en/news/286929682.md) - [UnitedHealth Group Incorporated $UNH Holdings Boosted by GSA Capital Partners LLP](https://longbridge.com/en/news/286878927.md) - [Rigel to Present at the 2026 RBC Capital Markets Global Healthcare Conference | RIGL Stock News](https://longbridge.com/en/news/286413210.md) - [Stephens Inc. AR Purchases 9,617 Shares of UnitedHealth Group Incorporated $UNH](https://longbridge.com/en/news/286668330.md) - [15:24 ETCOCA-COLA TEAMSTERS RATIFY STRONG NEW AGREEMENT](https://longbridge.com/en/news/286957296.md)