Key Takeaways AMN reported Q4 EPS of 22 cents, down 70.7%, while revenues rose 1.8% year over year.Nurse and Allied Solutions' revenues rose 8%, aided by $124M in labor disruption events.AMN expects Q1 2026 revenues of $1.225B-$1.240B, up 78%-80% from last year.AMN Healthcare Services, Inc. (AMN) delivered adjusted earnings per share (EPS) of 22 cents in the fourth quarter of 2025, which declined 70.7% year over year. The figure was in line with the Zacks Consensus Estimate.GAAP loss per share for the quart ...

Core Insights - AMN Healthcare Services, Inc. reported a fourth quarter revenue of $748 million, marking a 2% increase year-over-year, while the full year revenue decreased by 8% to $2.730 billion [3][15] - The company experienced a net loss of $7.7 million in Q4 2025, with an adjusted diluted EPS of $0.22, down 70% from the previous year [7][15] - The company is strategically positioned to capture market share in nurse and allied staffing, focusing on innovative workforce solutions amid industry challenges [5][6] Financial Performance - Q4 2025 revenue was $748.2 million, a 2% increase from Q4 2024, while full year revenue was $2,730.4 million, an 8% decrease from 2024 [3][15] - Gross profit for Q4 2025 was $195.1 million, down 11% year-over-year, with a gross margin of 26.1%, a decline of 370 basis points [3][12] - The company reported a net loss of $7.7 million for Q4 2025, compared to a net loss of $188 million in the same quarter last year [7][15] Segment Performance - The Nurse and Allied Solutions segment generated $491 million in revenue for Q4 2025, an 8% increase year-over-year, while the Physician and Leadership Solutions segment reported $170 million, down 2% year-over-year [9][10] - The Technology and Workforce Solutions segment saw a revenue decline of 18% year-over-year, totaling $88 million [11] - Labor disruption revenue contributed $124 million in Q4 2025, highlighting the impact of large labor disruption events [9] Operational Highlights - Cash flow from operations was $76 million for Q4 2025, with a total of $269 million for the full year [8][19] - The company reduced its debt by $75 million in Q4 2025, totaling a $285 million reduction for the year [8][19] - AMN Healthcare's strategic investments in technology and automation have improved fulfillment scalability and order fill rates [6] Future Outlook - For Q1 2026, consolidated revenue is projected to be between $1.225 billion and $1.240 billion, representing a year-over-year increase of 78-80% [21] - The Nurse and Allied Solutions segment is expected to see revenue growth of 137-139% compared to the prior year, driven by anticipated labor disruption revenue of approximately $600 million [21] - The company anticipates a gross margin of 23.5% to 24.0% for Q1 2026, reflecting ongoing efforts to improve operational efficiency [21]