Addus HomeCare's profit and revenue both exceeded expectations

LootboxPhobia · 2026-02-23T23:00:51+00:00

Addus HomeCare Corporation announced its Q4 results, with an adjusted EPS of $1.77 and revenue of $373.1 million, up 25.6% year-over-year. Personal care and hospice services experienced strong growth, with net income reaching $29.8 million. The company will benefit from upcoming rate increases.

LootboxPhobia

2026-02-23 23:00:51

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Frisco, Texas - Addus HomeCare Corporation (NASDAQ: ADUS) reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $1.77, up $0.05 from the consensus estimate of $1.72. Revenue reached $371.1 million, slightly above the analyst forecast of $372.87 million, representing a 25.6% increase from $297.1 million in the same period last year.

The home care service provider’s personal care segment accounted for 76.6% of fourth-quarter revenue, driving the company’s growth with organic revenue growth of 6.3%. This was supported by strong business volume and higher rates in key markets. The hospice segment achieved 16.0% organic revenue growth, benefiting from increases in inpatient numbers, average daily census, and revenue per patient per day year-over-year.

Following the earnings release, the stock price experienced little fluctuation.

Chairman and CEO Dirk Allison stated, “Our fourth-quarter performance capped a successful year of growth and progress for Addus. Net service revenue increased by 25.6%, and adjusted EBITDA grew by 33.3% compared to Q4 2024.”

Adjusted EBITDA rose 33.3% from $37.8 million in the same period last year to $50.3 million. Net income was $29.8 million, or $1.61 per diluted share, compared to $19.5 million, or $1.07 per diluted share, in Q4 2024.

The company benefited from a 9.9% rate increase effective September 1, 2025, in Texas, and a 3.9% rate increase starting January 1, 2026, in Illinois. Operating cash flow for the quarter totaled $18.8 million, with end-of-period cash holdings of $81.6 million and bank debt of $124.3 million.

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