AMN Healthcare Q2 2025 Earnings Call Transcript

AMN Healthcare Services reported Q2 2025 earnings with a focus on growth in revenue and adjusted EBITDA. The company's revenue increased 13% YoY to $926 million, driven by higher demand for its nurse and allied healthcare staffing services. Adjusted EBITDA rose 10% to $189 million, or 20.5% of revenue. AMN's CEO, Caroline Sullivan Grace, emphasized the company's strong performance in a challenging healthcare environment.

AMN Healthcare Services, Inc. (NYSE: AMN) released its second quarter 2025 financial results, showing a mixed performance with revenue and adjusted EBITDA figures varying significantly. The company reported a revenue of $658 million, an 11% decrease from the previous year and a 5% decrease from the prior quarter. Adjusted EBITDA was $58.3 million, a 38% decrease from the prior year. The company attributed the revenue decline to labor disruption events and a challenging healthcare policy environment, which impacted client decision-making.

Despite the revenue decline, AMN Healthcare highlighted positive aspects of its performance. The company's gross profit margin improved sequentially, and its cash flow from operations was strong at $79 million. The sale of Smart Square for $75 million in July also advanced the company's partnership strategy and reduced its Technology and Workforce Solutions and consolidated revenue and adjusted EBITDA on an annualized basis by approximately $17 million and $6 million, respectively.

AMN Healthcare's CEO, Cary Grace, commented on the company's performance, stating, "Our second quarter financial performance was solid, and we continue to make progress on our ability to serve all market channels and align with clients as their preferred workforce partner." The company expects revenue in the third quarter to be 9-11% lower than the prior year and down 5-7% sequentially.

The company's non-GAAP measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted diluted EPS, were also reported. These measures serve as industry-wide financial metrics and are used by management for making financial decisions and allocating resources.

The article concludes with a reminder of the upcoming conference call to discuss the company's financial results and third-quarter outlook on August 7, 2025.

References:
[1] https://ir.amnhealthcare.com/news-releases/news-release-details/amn-healthcare-announces-second-quarter-2025-results