Financials · AMN

AMN Healthcare Services Inc (AMN) financials

For the twelve months ended Sep 30, 2026, AMN Healthcare Services Inc reported $3.52B of revenue and $109.02M of net income.

Revenue, TTM
$3.52B
Revenue growth, YoY
+29.5%
Net income, TTM
$109.02M
Net margin
3.1%
Free cash flow, TTM
$327.03M
EPS, diluted, TTM
$2.76
Cash
$255.98M
P/E
13.40
P/S
0.42
Market cap
$1.46B
Annual revenue$2.73B
FY2016FY2025
Annual net income-$95.70M
FY2016FY2025
Annual free cash flow$233.83M
FY2016FY2025

AMN revenue and earnings growth

AMN revenueQ3 2026$717.27M

Quarter YoY
+13.0%
QoQ
+6.5%
FY YoY
-8.5%
5Y CAGR
+2.7%
10Y CAGR
+6.4%

AMN revenue was $717.27M in fiscal Q3 2026 (ended Sep 30, 2026), up 13.0% from a year earlier and up 6.5% from the prior quarter. For the full fiscal 2025 it was $2.73B, down 8.5% from fiscal 2024. Compound annual growth was +2.7% over 5 years and +6.4% over 10 years. It rose in 7 of the last 10 fiscal years.

AMN net incomeQ3 2026$33.39M

Quarter YoY
+14.0%
QoQ
+57.8%

AMN net income was $33.39M in fiscal Q3 2026 (ended Sep 30, 2026), up 14.0% from a year earlier and up 57.8% from the prior quarter. For the full fiscal 2025 it was -$95.70M, compared with -$146.98M in fiscal 2024.

AMN EPSQ3 2026$0.83

Quarter YoY
+9.2%
QoQ
+56.6%

AMN diluted EPS was $0.83 in fiscal Q3 2026 (ended Sep 30, 2026), up 9.2% from a year earlier and up 56.6% from the prior quarter. For the full fiscal 2025 it was -$2.48, compared with -$3.85 in fiscal 2024.

AMN free cash flowQ3 2026-$97.33M

FY YoY
-2.4%
5Y CAGR
+1.3%
10Y CAGR
+23.1%

AMN free cash flow was -$97.33M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $14.76M a year earlier. For the full fiscal 2025 it was $233.83M, down 2.4% from fiscal 2024. Compound annual growth was +1.3% over 5 years and +23.1% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$2.73B$2.98B$3.79B$5.24B$3.98B$2.39B$2.22B$2.14B$1.99B$1.90B
Cost of revenue$1.96B$2.06B$2.54B$3.53B$2.67B$1.60B$1.48B$1.44B$1.34B$1.28B
Gross profit$774.06M$919.38M$1.25B$1.72B$1.31B$791.78M$743.47M$696.38M$644.42M$619.72M
Selling, general and admin$593.02M$632.49M$748.44M$936.58M$730.45M$549.75M$508.03M$452.32M$399.70M$398.47M
Operating income-$55.47M-$102.67M$338.43M$647.10M$478.00M$149.26M$176.91M$202.83M$212.44M$191.63M
Interest expense$45.59M$69.90M$54.14M$40.40M$34.08M$57.74M$28.43M$16.14M$19.68M$15.46M
Pre-tax income-$101.06M-$172.57M$284.29M$606.70M$443.92M$91.52M$148.49M$186.69M$192.76M$176.17M
Income tax-$5.36M-$25.59M$73.61M$162.65M$116.53M$20.86M$34.50M$44.94M$60.20M$70.33M
Net income-$95.70M-$146.98M$210.68M$444.05M$327.39M$70.67M$113.99M$141.74M$132.56M$105.84M
EPS, basic-$2.48-$3.85$5.38$9.96$6.87$1.49$2.44$2.99$2.77$2.21
EPS, diluted-$2.48-$3.85$5.36$9.90$6.81$1.48$2.40$2.91$2.68$2.15
Diluted shares38.5M38.2M39.3M44.9M48.0M47.7M47.6M48.7M49.4M49.3M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$33.97M$89.31M$108.27M$137.87M$246.71M$83.99M$153.96M$84.32M$98.89M$51.03M
Receivables$382.56M$437.82M$623.49M$675.65M$789.13M$376.10M$352.69M$365.87M$350.50M$341.98M
Current assets$545.38M$594.91M$841.68M$1.09B$1.35B$533.74M$560.50M$482.17M$474.15M$450.63M
Goodwill$755.81M$897.46M$1.11B$935.36M$892.34M$864.49M$595.55M$438.51M$340.60M$341.75M
Total assets$2.09B$2.42B$2.92B$2.89B$3.13B$2.35B$1.93B$1.49B$1.25B$1.19B
Current liabilities$577.61M$545.78M$656.12M$857.93M$969.39M$422.96M$378.11M$307.27M$265.27M$274.79M
Short-term debt----$0$4.69M$0-$0$3.75M
Total debt$767.05M$1.06B$1.30B$843.50M$842.32M$857.96M$617.16M$440.61M$319.84M$359.19M
Total liabilities$1.45B$1.71B$2.09B$1.84B$1.97B$1.53B$1.19B$853.73M$691.43M$737.50M
Shareholders' equity$642.11M$706.62M$831.26M$1.04B$1.16B$819.68M$736.74M$638.99M$562.53M$449.38M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$269.46M$320.42M$372.17M$653.73M$305.36M$256.83M$224.86M$226.99M$160.52M$133.91M
Capital expenditures$35.63M$80.89M$103.69M$75.83M$53.57M$37.70M$35.22M$35.21M$26.53M$21.96M
Free cash flow$233.83M$239.53M$268.48M$577.90M$251.78M$219.12M$189.64M$191.79M$133.99M$111.95M
Investing cash flow$4.30M-$79.94M-$412.49M-$170.71M-$107.40M-$538.17M-$291.82M-$279.34M-$35.36M-$258.36M
Financing cash flow-$295.89M-$259.45M$10.73M-$591.87M-$34.90M$211.49M$136.60M$37.51M-$77.19M$126.29M
Share repurchases$0$0$424.74M$576.77M$2.69M$0$18.70M$67.01M$20.16M$13.26M
Stock-based compensation$30.68M$23.32M$18.02M$30.07M$25.22M$20.46M$16.24M$10.81M$10.24M$11.40M
Depreciation and amortization$156.60M$173.78M$160.93M$137.11M$103.70M$94.19M$58.52M$41.24M$32.28M$29.62M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-8.5%-21.3%-27.7%31.6%66.4%7.7%4.0%7.4%4.5%30.0%
Net income growth, YoY---52.6%35.6%363.3%-38.0%-19.6%6.9%25.2%29.2%
EPS growth, YoY---45.9%45.4%360.1%-38.3%-17.5%8.6%24.7%28.0%
Gross margin28.3%30.8%33.0%32.7%32.9%33.1%33.5%32.6%32.4%32.6%
Operating margin-2.0%-3.4%8.9%12.3%12.0%6.2%8.0%9.5%10.7%10.1%
Net margin-3.5%-4.9%5.6%8.5%8.2%3.0%5.1%6.6%6.7%5.6%
Free cash flow margin8.6%8.0%7.1%11.0%6.3%9.2%8.5%9.0%6.7%5.9%
Return on equity-14.9%-20.8%25.3%42.5%28.2%8.6%15.5%22.2%23.6%23.6%
Return on assets-4.6%-6.1%7.2%15.4%10.5%3.0%5.9%9.5%10.6%8.9%
Current ratio0.941.091.281.271.391.261.481.571.791.64
Debt to equity1.191.491.570.810.721.050.840.690.570.80

Source: XBRL data AMN Healthcare Services Inc files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AMN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AMN$3.52B+29.5%$109.02M3.1%$1.46B
GIBC$15.91B+8.4%C$1.66B10.4%$19.15B
BAH$10.98B-6.2%$784.00M7.1%$10.28B
G$5.34B+6.7%$588.48M11.0%$7.12B
FCN$3.98B+7.8%$233.42M5.9%$5.29B
RHI$5.30B-2.9%$121.73M2.3%$4.33B
EXPO$659.07M+15.4%$114.67M17.4%$4.06B
HURN$1.86B+12.3%$113.54M6.1%$2.55B
MAN$18.92B+7.3%$120.30M0.6%$2.07B

AMN FAQ

9 questions
  • What is AMN revenue?
    AMN Healthcare Services Inc (AMN) reported $3.52B of revenue for the twelve months ended Sep 30, 2026. That is up 29.5% from the year before. Revenue for fiscal 2025 was $2.73B.
  • Is AMN profitable?
    Yes. AMN Healthcare Services Inc earned $109.02M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.1%.
  • How much cash and debt does AMN have?
    AMN Healthcare Services Inc reported $255.98M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AMN revenue growing?
    AMN Healthcare Services Inc's revenue changed -8.5% in fiscal 2025, to $2.73B. Its compound annual growth rate was +2.7% over 5 years and +6.4% over 10 years.
  • What is AMN gross margin?
    AMN Healthcare Services Inc's gross profit was $998.97M on $3.52B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 28.4%.
  • What is AMN free cash flow?
    AMN Healthcare Services Inc generated $327.03M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $360.57M less capital expenditures.
  • What is AMN earnings per share?
    Diluted earnings per share were $2.76 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AMN last report financial results?
    The latest statements here come from AMN Healthcare Services Inc's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this AMN financial data come from?
    Quantisnow builds these statements from the structured XBRL data AMN Healthcare Services Inc files with the SEC. It is provided for information only and is not investment advice.