AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Addus grew Q2 FY2026 net service revenue 8.0% YoY to $377.4M, led by 10.0% growth in Personal Care, while operating income rose 18.4% to $38.9M even as gross margin slipped to 32.2%.
Biggest Revenue Drivers
Personal Care$296.0M+10.0% YoY
Organic growth in billable hours combined with the HomeCourt, Gold Horses, and Helping Hands acquisitions
Hospice$64.2M+3.3% YoY
Organic growth in average daily census and higher revenue per patient day
Biggest Revenue Drivers
Total revenue: $377.4M+8.0% YoY
Personal Care$296.0M+10.0% YoY
Organic growth in billable hours combined with the HomeCourt, Gold Horses, and Helping Hands acquisitions
Within Personal Care
Managed care organizations$139.3M+14.3% YoY
Reflects transition of business from government payors to managed care organizations
Hospice$64.2M+3.3% YoY
Organic growth in average daily census and higher revenue per patient day
Home Health$17.2M-4.8% YoY
Lower patient visits, partially offset by a favorable payor mix
Largest Expense Items
Cost of service revenues$255.9M+8.6% YoY
Rose with volume growth; increased to 67.8% of revenue from 67.4%
General and administrative expenses$78.5M+1.8% YoY
Acquisition-related wage, bonus, tax and benefit costs added $4.0M, partly offset by a $1.7M drop in professional fees
Depreciation and amortization$4.1M+5.4% YoY
Consistent with growth in depreciable and intangible asset base
Margins: Gross margin contracted to 32.2% from 32.6% YoY, driven by hospice margin compression (44.0% vs 47.9%) from higher direct wage costs, but G&A leverage improved to 20.8% of revenue from 22.1%, lifting operating margin to 10.3% from 9.4%.
Watch Items from the Filing
In May 2026 CMS issued a six-month nationwide moratorium on new Medicare enrollments for hospices and home health agencies, restricting new applications and branch expansions.
Illinois Department on Aging, the largest single payor, accounted for 17.7% of net service revenues; Illinois overall drove 32.1% of total net service revenues.
Home Health segment revenue fell 4.8% YoY to $17.2M on lower patient visits (-6.5%), with segment operating income down 25.0%.
Managed care organizations rose to 38.6% of consolidated net service revenues from 36.7% a year ago, continuing the shift away from direct government payors.
Company repaid $60.0M on its revolving credit facility in the quarter, cutting outstanding borrowings to $64.3M with $577.8M of remaining capacity.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Addus HomeCare Corp (ADUS): stock profile, AI score and financials
Addus HomeCare Corp (ADUS) stock profile, AI quality score, and SEC EDGAR financial data, a Healthcare sector company. 13F Pro's AI-powered ranking engine scores ADUS at 63.7/100 on a composite quality score built from its SEC filings, placing it at rank #598 of 2,925 stocks — the top 25% of the AI-ranked universe. ADUS scores in the top quartile across balance sheet strength (78.3). Areas of concern include institutional flow (35.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Addus HomeCare Corp reports quarterly revenue of $377.4M, net income of $27.6M, an operating margin of 10.3%. Top institutional holders of ADUS by reported 13-F value include BlackRock, Capital Research Global Investors, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. ADUS trades on the Nasdaq exchange and files with the SEC under CIK 1468328. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ADUS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Addus HomeCare Corp directly from SEC EDGAR.