AMN Healthcare Announces First Quarter 2025 Results

Financial Performance - Consolidated revenue for Q1 2025 was $690 million, representing a 16% decrease year-over-year and a 6% decrease sequentially [3][6] - The company reported a net loss of $1 million, or ($0.03) per diluted share, compared to a net income of $17 million, or $0.45 per diluted share in Q1 2024 [6][26] - Adjusted diluted EPS for the quarter was $0.45, down 54% from $0.97 in the same quarter a year ago [3][12] Segment Performance - Revenue from the Nurse and Allied Solutions segment was $413 million, down 20% year-over-year and 9% sequentially [7] - The Physician and Leadership Solutions segment reported revenue of $174 million, an 8% decrease year-over-year but a 1% increase sequentially [8] - Technology and Workforce Solutions segment revenue was $102 million, a decrease of 9% year-over-year and 4% sequentially [9] Operational Highlights - Cash flow from operations was strong at $93 million, allowing the company to reduce debt by $60 million, resulting in a net leverage ratio of 3.1:1 [8][13] - The company achieved improved bookings driven by technology and process improvements, particularly in locum tenens revenue, which showed sequential growth [8] - AMN Healthcare was recognized in Modern Healthcare's 2025 Innovators Awards for its WorkWise workforce technology suite and AMN Passport mobile career platform [8] Guidance and Outlook - For Q2 2025, the company expects consolidated revenue to be between $645 million and $660 million, which is projected to be 11-13% lower than the prior year [14][15] - The guidance includes anticipated revenue declines across all segments, with Nurse and Allied Solutions expected to decrease by 14-17% year-over-year [15] - Gross margin for Q2 2025 is expected to be between 28.5% and 29.0% [14]