Adapthealth Corp (AHCO) financials
Adapthealth revenue and earnings by year
Adapthealth's revenue was $3.24 billion in the fiscal year to December 31, 2025, down 0.5% from the year before. Net income was -$70.8 million, -2.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 38.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.24 | 3.26 | 3.20 | 2.97 | 2.45 | 1.06 | 0.53 | 0.71 | 0.19 | 0.17 |
| Revenue growth | -0.5% | 1.9% | 7.7% | 21.0% | 132.4% | 99.5% | -25.0% | 266.8% | 10.5% | — |
| Gross profit | 0.61 | 0.68 | 0.62 | 0.58 | 0.45 | 0.16 | 0.09 | 0.41 | 0.03 | 0.01 |
| Gross margin | 18.8% | 20.9% | 19.5% | 19.5% | 18.2% | 14.9% | 16.8% | 58.5% | 13.9% | 7.2% |
| Operating income | 0.09 | 0.26 | -0.60 | 0.19 | 0.23 | 0.07 | 0.03 | 0.39 | 0.02 | 0.00 |
| Operating margin | 2.8% | 8.1% | -18.7% | 6.4% | 9.2% | 6.8% | 5.5% | 55.5% | 8.4% | 1.3% |
| Net income | -0.07 | 0.09 | -0.68 | 0.07 | 0.16 | -0.16 | -0.02 | 0.02 | 0.01 | -0.00 |
| Net margin | -2.2% | 2.8% | -21.2% | 2.3% | 6.4% | -15.3% | -4.0% | 3.3% | 5.0% | -2.4% |
| Diluted EPS | -$0.52 | $0.61 | -$5.31 | — | — | -$3.08 | -$1.04 | — | — | — |
| Free cash flow | 0.22 | 0.24 | 0.14 | -0.02 | 0.07 | 0.16 | 0.04 | 0.06 | 0.04 | 0.03 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AHCO in Markets.
How Adapthealth makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Sleep Health | $386M | 52.2% |
| Respiratory Health | $194M | 26.3% |
| Wellness At Home | $159M | 21.5% |
See also: AHCO returns
No forecast, no recommendation. This page describes Adapthealth Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.