SequelSEC

PACS Group, Inc. PACS

Services-Skilled Nursing Care Facilities · CIK 0002001184 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$5.29B
Fiscal year ended 2025-12-31
Operating income
$309.60M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

PACS Group, Inc. (PACS) reported revenue of $5.29B and net income of $191.54M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from PACS Group, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Skilled Nursing Care Facilities.

Income

PACS Group, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Revenue$5.29B$4.09B$3.11B$2.42B
Cost of revenueUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailable
Operating income$309.60M$123.07M$207.77M$229.36M
Net income$191.54M$55.76M$112.87M$150.50M
Research & developmentUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 156.70Mshares 148.57Mshares 128.72Mshares 128.72M
Pretax income$284.45M$101.55M$157.32M$207.04M
Income tax expense$92.99M$46.21M$44.44M$56.55M
Diluted EPS$1.22$0.38$0.88$1.17
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailable
General & administrative$415.07M$343.81M$213.66M$149.01M
Selling & marketingUnavailableUnavailableUnavailableUnavailable

Balance

PACS Group, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Cash & equivalents$197.02M$157.67M$73.42M$58.27M
Total assets$5.58B$5.24B$3.51BUnavailable
Current assets$1.07B$938.26M$722.15MUnavailable
Total liabilities$4.63B$4.53B$3.41BUnavailable
Current liabilities$1.00B$978.43M$456.93MUnavailable
Total equity incl. NCI$952.45M$715.69M$101.73M$68.65M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailable
Accounts receivable$628.13M$641.78M$547.81MUnavailable
Goodwill$61.79M$60.79M$59.02M$55.22M
Long-term debt$244.80M$250.98M$195.71MUnavailable
Accounts payable$192.23M$175.06M$140.95MUnavailable

Cash flow

PACS Group, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Operating cash flow$404.22M$367.34M$63.70M$92.62M
Capital expendituresUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$264.02M-$442.68M-$172.79M-$75.32M
Financing cash flow-$68.99M$117.48M$129.59M$12.35M
Net change in cash$71.21M$42.14M$20.50M$29.64M
Stock-based compensation$54.07M$115.54M$0$0
Common dividends paid$0$33.72M$80.39M$60.28M
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailable

Derived

PACS Group, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailable
Operating margin5.9%3.0%6.7%9.5%
FCF marginUnavailableUnavailableUnavailableUnavailable
SBC / revenue1.0%2.8%0.0%0.0%
Current ratio1.07x0.96x1.58xUnavailable
Revenue YoY growth29.3%31.4%28.5%Unavailable
Net margin3.6%1.4%3.6%6.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.26xUnavailableUnavailableUnavailable
Effective tax rate32.7%45.5%28.2%27.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PACS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-19View SEC filing
10-K · Filed 2025-11-19View SEC filing
10-Q · Filed 2025-11-19View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.