Addus HomeCare Corp — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Addus HomeCare reported Q2 2026 net service revenues of $377.4M (up 8.0% YoY from $349.4M), net income of $27.6M ($1.49/diluted share), and adjusted EBITDA of $49.2M (up 11.9% YoY). The company acquired HomeCourt Home Care on May 1, 2026 (two months of Q2 operations included), benefited from state rate increases (Texas 9.9%, Illinois 3.9%), and maintained strong cash position: $99.6M cash, $64.3M bank debt, $577.8M revolving credit availability. Personal care (78.4% of revenue) grew organically 6.8%; hospice (17.0%) grew organically 11.1%; home health (4.6%) showed improving trends.
Why this rating
Solid organic growth and operating leverage exceed expectations, but acquisition-driven revenue modest at ~2M in 2-month period. At $2.1B market cap, Q2 revenue of $377M annualizes ~$1.5B—event moves needle modestly but not transformationally.
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