Aveanna Healthcare Holdings, Inc. reported significant financial growth for the fiscal year ending January 3, 2026, with total revenue reaching $2.43 billion, a 20.2% increase from $2.02 billion in the previous fiscal year. The company's operating income also saw a substantial rise, climbing to $256.5 million, or 10.5% of revenue, compared to $139.8 million, or 6.9% of revenue, in the prior year. This growth was primarily driven by a 22.4% increase in revenue from its Private Duty Services (PDS) segment, which accounted for 82% of total revenue, alongside a 14.1% increase in Home Health & Hospice (HHH) revenue.
The company’s profitability was bolstered by a gross margin of $810.5 million, representing 33.3% of revenue, up from 31.4% the previous year. The increase in gross margin percentage was attributed to improved revenue rates and effective cost management, particularly in the PDS segment, where the spread rate increased by 22.1%. Additionally, Aveanna's Field contribution, a non-GAAP measure, rose by 54.2% to $436 million, reflecting enhanced operational efficiency.
Strategically, Aveanna has been active in expanding its market presence through acquisitions, including the recent agreement to acquire Family First Holding, LLC for $175.5 million. This acquisition is expected to enhance Aveanna's pediatric home care services across seven states. The company has also made significant investments in technology and infrastructure to support its growth and improve service delivery, which is crucial in the competitive home healthcare market.
Operationally, Aveanna reported a total employee count of approximately 32,000, with 3,500 full-time support staff. The company has focused on increasing its workforce to meet growing demand, particularly in its PDS segment, which serves medically complex patients. The company’s patient accounts receivable increased to $313.4 million, reflecting its ongoing efforts to optimize billing and collections processes. Looking ahead, Aveanna anticipates continued growth driven by strategic acquisitions, increased service demand, and a focus on value-based care arrangements with managed care organizations.
About Aveanna Healthcare Holdings, Inc.
Aveanna Healthcare Holdings Inc. operates a diversified home care platform delivering specialized nursing, therapy, hospice, and medical supply services to medically complex patients across the U.S. Its core segments include Private Duty Services, Home Health & Hospice, and Medical Solutions. Serving children, adults, and seniors, Aveanna emphasizes high-quality, patient-centered care in home settings, leveraging technology, scale, and payer partnerships to improve outcomes, reduce costs, and support value-based care models.
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