Addus HomeCare Corporation reported a notable increase in financial performance for the second quarter of 2026, with net service revenues reaching $377.4 million, an 8% rise from $349.4 million in the same period last year. For the first half of 2026, revenues totaled $741 million, up 7.8% from $687.2 million in the prior year. The growth was primarily driven by the personal care segment, which saw a revenue increase of $26.8 million, attributed to organic growth in billable hours and recent acquisitions, including HomeCourt Home Care, Gold Horses, and Helping Hands. The hospice segment also contributed with a $2 million revenue increase, while the home health segment experienced a slight decline of $0.9 million.
The company's gross profit for the second quarter was $121.6 million, representing 32.2% of net service revenues, compared to 32.6% in the previous year. General and administrative expenses rose to $78.5 million, reflecting increased costs associated with acquisitions, although these expenses as a percentage of revenue decreased from 22.1% to 20.8%. Operating income improved to $38.9 million, an 18.4% increase from the prior year, while net income for the quarter was $27.6 million, up 25.2% from $22.1 million in Q2 2025.
In terms of operational metrics, Addus HomeCare expanded its footprint, providing services in 24 states through 264 offices as of June 30, 2026. The personal care segment reported an average billable census of 51,097 clients, a 1.4% increase year-over-year, with billable hours rising by 5.6%. The hospice segment saw a 6.6% increase in average daily census, while the home health segment faced challenges, with a decrease in patient visits contributing to a 4.8% decline in revenues.
Strategically, Addus HomeCare has focused on acquisitions to bolster its market presence. The company completed several acquisitions in 2025 and 2026, including the recent $12.2 million acquisition of HomeCourt Home Care, which expanded its personal care services into Indiana. The company also reported a significant reduction in long-term debt, decreasing from $120.9 million at the end of 2025 to $61.6 million by June 30, 2026, reflecting a proactive approach to managing its financial obligations.
Looking ahead, Addus HomeCare remains optimistic about its growth trajectory, supported by ongoing demand for home care services and strategic acquisitions. However, the company acknowledges potential risks from macroeconomic conditions, including inflation and labor market challenges, which could impact its operational capacity and financial performance. The effective income tax rate for the second quarter was 26.9%, slightly higher than the previous year's 26.4%, reflecting changes in tax credits and state tax obligations.
About Addus HomeCare Corp
Addus HomeCare Corporation provides in-home personal care, hospice, and home health services primarily to elderly, chronically ill, and disabled individuals, focusing on those eligible for Medicare and Medicaid. Operating across multiple U.S. states, it partners with government agencies, managed care organizations, and private payors to deliver cost-effective, coordinated care that supports consumer independence, improves health outcomes, and reduces institutionalization through a technology-enabled, outcomes-driven model.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov