Addus HomeCare Corp

Listed Company

ADUSCIK 0001468328NasdaqLarge AcceleratedServices-Home Health Care ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.42B

Net Income

$95.91M

Total Assets

$1.44B

Equity

$1.09B

Shares Out

18.52M

Op. Cash Flow

$111.51M

Business

Addus HomeCare Corp provides in-home healthcare and supportive services focused on enabling elderly and infirm adults to remain at home. It offers personal care assistance with activities of daily living, hospice palliative and bereavement care, and medical home health services including skilled nursing and therapy, as well as staffing services for facilities. The company operates three primary business segments—personal care, hospice and home health—and measures segment performance using operational and quality metrics. Services are delivered across multiple U.S. states through branch offices under contracts with government agencies, managed care organizations, commercial insurers and private payors.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net service revenues	1,423	1,155	1,059	951	864
Cost of service revenues	961	780	719	651	595
Gross profit	462	375	340	300	270
General and Administrative Expense	307	259	235	217	189
Depreciation and amortization	16	14	14	14	14
Total operating expenses	323	272	249	231	204
Operating income	139	103	91	69	66
Interest income	−2	−4	−1	−341,000	−268,000
Interest expense	14	8	11	9	—
Total interest expense, net	11	3	10	9	—
Income before income taxes	127	99	81	60	60
Income tax expense	32	26	19	14	15
Net income	96	74	63	46	45
Basic net income per share (in dollars per share)	5.31	4.33	3.91	2.9	2.87
Diluted net income per share (in dollars per share)	5.22	4.23	3.83	2.84	2.81
Basic (in shares)	18	17	16	16	16
Diluted (in shares)	18	17	16	16	16

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Common stock, par value (in dollars per share)	0	0	0	0	0
Cash	82	99	—	—	—
Accounts receivable, net of allowances for credit losses	152	123	115	126	137
Prepaid expenses and other current assets	36	39	20	17	18
Total current assets	269	260	200	223	324
Property and equipment, net of accumulated depreciation and amortization	25	25	24	21	18
Goodwill	997	971	663	583	504
Intangibles, net of accumulated amortization	102	110	92	72	64
Operating lease assets, net	44	47	45	39	36
Total other assets	1,143	1,128	—	—	—
Total assets	1,437	1,413	1,024	938	948
Accounts payable	17	27	26	22	19
Accrued payroll	66	62	57	45	44
Accrued expenses	28	29	33	28	37
Operating lease liabilities, current portion	13	13	11	11	—
Government stimulus advances	12	11	6	13	—
Accrued workers compensation insurance	14	14	12	13	13
Total current liabilities	149	156	145	131	118
Long-term debt, net of debt issuance costs	121	218	124	132	221
Long-term operating lease liabilities	37	42	40	35	33
Deferred income tax	44	26	9	—	—
Other long-term liabilities	235,000	125,000	243,000	6	2
Total long-term liabilities	203	286	173	173	256
Total liabilities	352	442	318	304	373
Common stock$.001 par value; 40,000 authorized and 18,518 and 18,148 shares issued and outstanding as of December 31, 2025 and 2024, respectively	18,000	18,000	16,000	16,000	16,000
Additional paid-in capital	613	594	404	393	380
Retained earnings	472	376	303	240	194
Total stockholders equity	1,085	970	707	634	574
Total liabilities and stockholders equity	1,437	1,413	1,024	938	948

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	16	14	14	14	14
Deferred income taxes	18	13	3	4	7
Share-Based Payment Arrangement, Noncash Expense	16	11	10	11	9
Amortization of debt issuance costs under the credit facility	1	1	860,000	860,000	804,000
Additions / charges	2	1	731,000	678,000	962,000
Gain on disposal of assets	−2,000	−13,000	0	—	—
Impairment of operating lease assets	0	5	13,000	1	—
(Gain) loss on termination of operating leases	21,000	42,000	−23,000	—	—
Gain on divestiture of business	0	−4	0	—	—
Accounts receivable	−27	22	16	21	−4
Prepaid expenses and other current assets	−2	−19	−3	1	−9
Government stimulus advances	460,000	5	−8	9	−28
Accounts payable	−13	−2	2	3	−5
Accrued payroll	3	−146,000	9	−918,000	8
Accrued expenses and other liabilities	−633,000	−5	5	−5	−1
Net cash provided by operating activities	112	116	112	105	39
Acquisition of businesses, net of cash acquired	−32	−354	−110	—	—
Purchases of property and equipment	−8	−6	−9	−8	−5
Proceeds received from disposal of assets	15,000	29,000	15,000	—	—
Proceeds received from previous acquisition	3	0	0	—	—
Proceeds received from divestiture of business	4	5	0	—	—
Net cash used in investing activities	−33	−355	−119	−107	−42
Proceeds from borrowings on revolver credit facility	11	233	110	47	46
Payments on revolver loan credit facility	−110	−136	−119	−137	—
Proceeds from public offering	0	176	0	—	—
Payments for debt issuance costs under the credit facility	−113,000	−3	0	—	−3
Cash received from exercise of stock options	2	3	319,000	3	1
Net cash (used in) provided by financing activities	−96	272	−8	−87	26
Net change in cash	−17	34	−15	−89	24
Cash paid for interest	12	7	10	8	5
Cash paid for income taxes	13	26	15	1	18
Leasehold improvements acquired through tenant allowances	363,000	130,000	0	295,000	—
Licensing fees included in Fixed assets	0	0	4	4	—

Filings

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