AMN Healthcare Reports Strong Q4 2025 Earnings with Labor Disruption Revenue Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy AMN?
Source: seekingalpha
- Strong Financial Performance: AMN Healthcare reported Q4 2025 revenue of $748 million, a 2% year-over-year increase and $18 million above guidance, indicating robust performance in labor disruption revenue that is expected to drive future growth.
- EBITDA and Net Loss: While adjusted EBITDA was $54 million, down 27% year-over-year, the net loss improved significantly from $188 million last year to $8 million, reflecting substantial progress in cost control and operational optimization.
- Optimistic Outlook: The company projects Q1 2026 revenue between $1.225 billion and $1.24 billion, with approximately $600 million from labor disruption support, demonstrating confidence in future market demand, although gross margin is expected to be impacted by 300 basis points.
- Accelerated Technology Investment: Management emphasized investments in AI technology to enhance efficiency in non-clinical patient interactions, indicating strategic decisions to adapt to market changes and improve service quality, aiming for sustainable organic revenue growth of 4% to 6% in the future.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AMN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on AMN
Wall Street analysts forecast AMN stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 17.080
Low
22.00
Averages
23.50
High
25.00
Current: 17.080
Low
22.00
Averages
23.50
High
25.00
About AMN
AMN Healthcare Services, Inc. is a provider of total talent solutions for healthcare organizations across the United States. The Company provides access to a comprehensive network of quality healthcare professionals through its recruitment strategies and breadth of career opportunities. Its segments include nurse and allied solutions, physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, labor disruption staffing, local staffing, international nurse permanent placement, and allied staffing businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes the Company’s language services, vendor management systems (VMS), workforce optimization, and outsourced solutions businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AMN Healthcare Reports Q4 2025 Revenue of $748 Million Amid Losses
- Quarterly Revenue Performance: AMN Healthcare reported Q4 2025 revenue of $748 million, a 2% increase year-over-year but an 8% decline compared to the previous year, indicating intensified market competition and operational challenges.
- Net Loss Situation: The company recorded a net loss of $7.7 million, or $0.20 per share, which is an improvement from a net loss of $188 million in the same quarter last year, reflecting efforts in cost control.
- Adjusted EPS: Adjusted diluted EPS was $0.22, down 70% from $0.75 in the prior year, highlighting ongoing pressure on profitability and the need for stronger business transformation.
- Debt Reduction and Cash Flow: The company reduced debt by $75 million in 2025, with cash flow from operations totaling $269 million, demonstrating positive progress in financial management despite declining overall revenue, maintaining a degree of financial flexibility.
See More
AMN Healthcare Reports Strong Q4 2025 Earnings with Labor Disruption Revenue Surge
- Strong Financial Performance: AMN Healthcare reported Q4 2025 revenue of $748 million, a 2% year-over-year increase and $18 million above guidance, indicating robust performance in labor disruption revenue that is expected to drive future growth.
- EBITDA and Net Loss: While adjusted EBITDA was $54 million, down 27% year-over-year, the net loss improved significantly from $188 million last year to $8 million, reflecting substantial progress in cost control and operational optimization.
- Optimistic Outlook: The company projects Q1 2026 revenue between $1.225 billion and $1.24 billion, with approximately $600 million from labor disruption support, demonstrating confidence in future market demand, although gross margin is expected to be impacted by 300 basis points.
- Accelerated Technology Investment: Management emphasized investments in AI technology to enhance efficiency in non-clinical patient interactions, indicating strategic decisions to adapt to market changes and improve service quality, aiming for sustainable organic revenue growth of 4% to 6% in the future.
See More
AMN Healthcare Services Q4 Earnings Analysis
- Earnings Report: AMN Healthcare Services reported a Q4 non-GAAP EPS of $0.22, missing expectations by $0.05, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenue of $748.2 million, a 1.8% year-over-year increase, exceeding market expectations by $24.79 million, demonstrating resilience in a competitive healthcare services market.
- Cash Flow Status: Operating cash flow for the quarter was $76 million, with an annual total of $269 million, reflecting robust financial management that supports future investments and expansion.
- Debt Reduction: AMN reduced its debt by $75 million in the quarter, bringing the total debt reduction for the year to $285 million, significantly improving the company's financial structure and enhancing future financial flexibility.
See More
AMN Healthcare Services to Announce Q4 Earnings on February 19
- Earnings Announcement Schedule: AMN Healthcare Services is set to release its Q4 2023 earnings report on February 19 after market close, with consensus EPS estimate at $0.27, reflecting a 64% year-over-year decline, and revenue estimate at $723.41 million, down 1.5% year-over-year, indicating challenges the company faces.
- Historical Performance: Over the past two years, AMN has consistently beaten EPS and revenue estimates 100% of the time, showcasing management's strong forecasting and execution capabilities, which bolsters investor confidence.
- Market Reaction: Ahead of the earnings report, AMN's stock has shown an upward trend, reflecting market optimism regarding the company's expected recovery, even as its current stock price is considered cheap, potentially attracting more investor interest.
- Analyst Ratings: According to Seeking Alpha's Quant Rating, AMN Healthcare Services receives positive evaluations within the industry, further supporting its market position and future growth potential in the healthcare services sector.
See More
AMN Healthcare Shares Surge 19% on 2026 EBITDA Margin Expansion Plans Revealed
- Stock Surge: AMN Healthcare's shares rose approximately 19% following the release of an investor slide deck at the J.P. Morgan Healthcare Conference, reflecting strong market confidence in its growth potential.
- Margin Expansion Plans: The company aims for a 50-100 basis point increase in adjusted EBITDA and gross margins by 2026, based on a normalized Q4 revenue run rate, indicating a positive outlook for future profitability.
- Sustained Growth Expectations: AMN projects a 10%-15% CAGR in adjusted EBITDA post-2026, alongside 4%-6% annual organic revenue growth, which will provide stable cash flow and investment returns for the company.
- Capex Forecast: Management has set a capital expenditure projection of $40M-$45M for 2025, which will support the company's long-term growth strategy and enhance its competitive position in the market.
See More
Dassault Aviation Leads Harmattan AI's $200 Million Series B Funding Round
- Strategic Partnership: Dassault Aviation has formed a strategic partnership with Harmattan AI, leading its $200 million Series B funding round to accelerate the integration of controlled autonomy and AI technologies into combat aviation systems, thereby enhancing the operational capabilities of future fighter jets.
- Global Expansion: Harmattan AI has secured multiple Programs of Record from the French and UK Ministries of Defence for its autonomous systems portfolio, and the funding will be used to expand the deployment of AI-enabled missions across new operational theaters, addressing the growing global demand and enhancing its market competitiveness.
- Technology Integration: This collaboration will support Harmattan AI in developing embedded AI capabilities within Dassault Aviation's future air combat systems, such as the Rafale F5 and UCAS, particularly for unmanned aerial system control, which will improve operational efficiency and responsiveness.
- Industry Leadership: Dassault Aviation will leverage its expertise in complex military platform system architecture to support Harmattan AI, further solidifying its leadership position in the global defense market and driving innovation in autonomous defense systems.
See More
AMN Healthcare Reports Q4 2025 Revenue of $748 Million Amid Losses
- Quarterly Revenue Performance: AMN Healthcare reported Q4 2025 revenue of $748 million, a 2% increase year-over-year but an 8% decline compared to the previous year, indicating intensified market competition and operational challenges.
- Net Loss Situation: The company recorded a net loss of $7.7 million, or $0.20 per share, which is an improvement from a net loss of $188 million in the same quarter last year, reflecting efforts in cost control.
- Adjusted EPS: Adjusted diluted EPS was $0.22, down 70% from $0.75 in the prior year, highlighting ongoing pressure on profitability and the need for stronger business transformation.
- Debt Reduction and Cash Flow: The company reduced debt by $75 million in 2025, with cash flow from operations totaling $269 million, demonstrating positive progress in financial management despite declining overall revenue, maintaining a degree of financial flexibility.
See More
AMN Healthcare Reports Strong Q4 2025 Earnings with Labor Disruption Revenue Surge
- Strong Financial Performance: AMN Healthcare reported Q4 2025 revenue of $748 million, a 2% year-over-year increase and $18 million above guidance, indicating robust performance in labor disruption revenue that is expected to drive future growth.
- EBITDA and Net Loss: While adjusted EBITDA was $54 million, down 27% year-over-year, the net loss improved significantly from $188 million last year to $8 million, reflecting substantial progress in cost control and operational optimization.
- Optimistic Outlook: The company projects Q1 2026 revenue between $1.225 billion and $1.24 billion, with approximately $600 million from labor disruption support, demonstrating confidence in future market demand, although gross margin is expected to be impacted by 300 basis points.
- Accelerated Technology Investment: Management emphasized investments in AI technology to enhance efficiency in non-clinical patient interactions, indicating strategic decisions to adapt to market changes and improve service quality, aiming for sustainable organic revenue growth of 4% to 6% in the future.
See More
AMN Healthcare Services Q4 Earnings Analysis
- Earnings Report: AMN Healthcare Services reported a Q4 non-GAAP EPS of $0.22, missing expectations by $0.05, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q4 revenue of $748.2 million, a 1.8% year-over-year increase, exceeding market expectations by $24.79 million, demonstrating resilience in a competitive healthcare services market.
- Cash Flow Status: Operating cash flow for the quarter was $76 million, with an annual total of $269 million, reflecting robust financial management that supports future investments and expansion.
- Debt Reduction: AMN reduced its debt by $75 million in the quarter, bringing the total debt reduction for the year to $285 million, significantly improving the company's financial structure and enhancing future financial flexibility.
See More
AMN Healthcare Services to Announce Q4 Earnings on February 19
- Earnings Announcement Schedule: AMN Healthcare Services is set to release its Q4 2023 earnings report on February 19 after market close, with consensus EPS estimate at $0.27, reflecting a 64% year-over-year decline, and revenue estimate at $723.41 million, down 1.5% year-over-year, indicating challenges the company faces.
- Historical Performance: Over the past two years, AMN has consistently beaten EPS and revenue estimates 100% of the time, showcasing management's strong forecasting and execution capabilities, which bolsters investor confidence.
- Market Reaction: Ahead of the earnings report, AMN's stock has shown an upward trend, reflecting market optimism regarding the company's expected recovery, even as its current stock price is considered cheap, potentially attracting more investor interest.
- Analyst Ratings: According to Seeking Alpha's Quant Rating, AMN Healthcare Services receives positive evaluations within the industry, further supporting its market position and future growth potential in the healthcare services sector.
See More
AMN Healthcare Shares Surge 19% on 2026 EBITDA Margin Expansion Plans Revealed
- Stock Surge: AMN Healthcare's shares rose approximately 19% following the release of an investor slide deck at the J.P. Morgan Healthcare Conference, reflecting strong market confidence in its growth potential.
- Margin Expansion Plans: The company aims for a 50-100 basis point increase in adjusted EBITDA and gross margins by 2026, based on a normalized Q4 revenue run rate, indicating a positive outlook for future profitability.
- Sustained Growth Expectations: AMN projects a 10%-15% CAGR in adjusted EBITDA post-2026, alongside 4%-6% annual organic revenue growth, which will provide stable cash flow and investment returns for the company.
- Capex Forecast: Management has set a capital expenditure projection of $40M-$45M for 2025, which will support the company's long-term growth strategy and enhance its competitive position in the market.
See More
Dassault Aviation Leads Harmattan AI's $200 Million Series B Funding Round
- Strategic Partnership: Dassault Aviation has formed a strategic partnership with Harmattan AI, leading its $200 million Series B funding round to accelerate the integration of controlled autonomy and AI technologies into combat aviation systems, thereby enhancing the operational capabilities of future fighter jets.
- Global Expansion: Harmattan AI has secured multiple Programs of Record from the French and UK Ministries of Defence for its autonomous systems portfolio, and the funding will be used to expand the deployment of AI-enabled missions across new operational theaters, addressing the growing global demand and enhancing its market competitiveness.
- Technology Integration: This collaboration will support Harmattan AI in developing embedded AI capabilities within Dassault Aviation's future air combat systems, such as the Rafale F5 and UCAS, particularly for unmanned aerial system control, which will improve operational efficiency and responsiveness.
- Industry Leadership: Dassault Aviation will leverage its expertise in complex military platform system architecture to support Harmattan AI, further solidifying its leadership position in the global defense market and driving innovation in autonomous defense systems.
See More
