AVAH

MKT CAP:$1B

Aveanna Healthcare Holdings Inc.

Market Cap

$1B

Healthcare·Medical - Care Facilities·🇺🇸 United States·NASDAQ

Healthcare·Medical·🇺🇸·NASDAQ

Stock Price

$6.47-$1.61 (-19.93%)

Apr 22, 2026

Company Details

Aveanna Healthcare Holdings Inc., a diversified home care platform company, provides private duty nursing (PDN), adult home health and hospice, home-based pediatric therapy, and enteral nutrition services in the United States. Its patient- ...

CEO

Jeffrey S. Shaner

IPO Date

Apr 28, 2021

Website

www.aveanna.com

Key Metrics TTM

Revenue

$2.4B

+20.2% YoY

Net Income

$225M

EPS (Diluted)

$1.05

Free Cash Flow

$126M

Revenue / Share

$11.32

Gross Margin

33.1%

Operating Margin

10.9%

Net Margin

9.2%

FCF Margin

5.2%

P/S

0.6x

P/E

6.3x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 19, 2026

$2.4B+20.2%EPS $1.05

Q4 2025

Mar 19, 2026

$662M+27.4%EPS $0.83

Q3 2025

Nov 6, 2025

$622M+22.2%EPS $0.06

Q2 2025

Aug 7, 2025

$590M+16.8%EPS $0.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$451M	$145M	$14M
Q2 22	$443M	$145M	-$456M
Q3 22	$443M	$135M	$5M
Q4 22	$451M	$129M	-$204M
Q1 23	$466M	$144M	$18M
Q2 23	$472M	$155M	$37M
Q3 23	$478M	$147M	-$76M
Q4 23	$479M	$148M	$29M
Q1 24	$491M	$146M	$23M
Q2 24	$505M	$158M	$37M
Q3 24	$509M	$160M	$34M
Q4 24	$520M	$172M	$46M
Q1 25	$559M	$184M	$52M
Q2 25	$590M	$211M	$80M
Q3 25	$622M	$200M	$56M
Q4 25	$662M	$211M	$77M

Valuation

Quarter	P/S	P/E
Q1 22	0.4x	—
Q2 22	0.3x	—
Q3 22	0.2x	—
Q4 22	0.1x	—
Q1 23	0.1x	—
Q2 23	0.2x	—
Q3 23	0.1x	—
Q4 23	0.3x	—
Q1 24	0.3x	—
Q2 24	0.2x	—
Q3 24	0.5x	—
Q4 24	0.4x	—
Q1 25	0.5x	192.8x
Q2 25	0.5x	54.9x
Q3 25	0.8x	23.6x
Q4 25	0.7x	7.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$9M	-$13M
Q2 22	-$20M	-$22M
Q3 22	$21M	$18M
Q4 22	-$40M	-$43M
Q1 23	$7M	$5M
Q2 23	-$11M	-$12M
Q3 23	$29M	$28M
Q4 23	-$3M	-$5M
Q1 24	-$12M	-$13M
Q2 24	$2M	$540.0K
Q3 24	$29M	$27M
Q4 24	$13M	$12M
Q1 25	-$9M	-$11M
Q2 25	$52M	$50M
Q3 25	$33M	$31M
Q4 25	$50M	$55M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$2M
Q3 22	$3M
Q4 22	$3M
Q1 23	$2M
Q2 23	$1M
Q3 23	$1M
Q4 23	$2M
Q1 24	$1M
Q2 24	$1M
Q3 24	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$1M
Q3 25	$2M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+8.0%	+12.3%
Q2 22	+1.6%	+121.6%
Q3 22	+7.7%	+11.5%
Q4 22	+9.0%	+24.4%
Q1 23	+3.5%	+2.8%
Q2 23	+6.5%	-51.7%
Q3 23	+7.9%	+26.5%
Q4 23	+6.1%	-31.4%
Q1 24	+5.2%	+4.2%
Q2 24	+7.0%	+7.7%
Q3 24	+6.5%	-14.3%
Q4 24	+8.6%	+5.5%
Q1 25	+14.0%	+8.5%
Q2 25	+16.8%	+8.9%
Q3 25	+22.2%	+19.1%
Q4 25	+27.4%	+23.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$5M	1.1%
Q2 22	$6M	1.3%
Q3 22	$4M	0.8%
Q4 22	$2M	0.4%
Q1 23	$2M	0.5%
Q2 23	$3M	0.5%
Q3 23	$5M	1.1%
Q4 23	$3M	—
Q1 24	$4M	0.8%
Q2 24	$4M	0.7%
Q3 24	$5M	1.0%
Q4 24	$5M	—
Q1 25	$11M	2.0%
Q2 25	$5M	0.9%
Q3 25	$5M	0.8%
Q4 25	-$21M	-3.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$52M	—
Q2 22	$122M	—
Q3 22	$122M	—
Q4 22	$111M	—
Q1 23	$120M	$3M
Q2 23	$115M	—
Q3 23	$118M	—
Q4 23	$107M	—
Q1 24	$117M	—
Q2 24	$116M	—
Q3 24	$118M	—
Q4 24	$120M	—
Q1 25	$129M	—
Q2 25	$123M	—
Q3 25	$144M	—
Q4 25	$132M	—

Revenue Segments

Quarter	Home Health And Hospice	Medical Solutions	Private Duty Services
Q1 22	$67M	$34M	$350M
Q2 22	$61M	$34M	$348M
Q3 22	$50M	$38M	$356M
Q4 22	$55M	$35M	$361M
Q1 23	$56M	$37M	$373M
Q2 23	$55M	$39M	$378M
Q3 23	$53M	$40M	$385M
Q1 24	$55M	$41M	$395M
Q2 24	$55M	$42M	$408M
Q3 24	$54M	$45M	$410M
Q1 25	$57M	$42M	$460M
Q2 25	$60M	$43M	$486M
Q3 25	$62M	$45M	$514M
Q4 25	$69M	$52M	$541M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$17M	$0	$17M
Q2 22	$17M	$0	$17M
Q3 22	$64M	$0	$64M
Q4 22	$19M	$0	$19M
Q1 23	$34M	$0	$34M
Q2 23	$28M	$0	$28M
Q3 23	$48M	$0	$48M
Q4 23	$44M	$0	$44M
Q1 24	$43M	$0	$43M
Q2 24	$48M	$0	$48M
Q3 24	$78M	$0	$78M
Q4 24	$84M	$0	$84M
Q1 25	$71M	$0	$71M
Q2 25	$101M	$0	$101M
Q3 25	$146M	$0	$146M
Q4 25	$193M	$0	$193M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	185M	-1.5%	+2.9%
Q2 22	185M	-0.3%	+4.1%
Q3 22	186M	+0.7%	-1.1%
Q4 22	186M	0.0%	-1.1%
Q1 23	189M	+1.6%	+2.0%
Q2 23	190M	+0.4%	+2.6%
Q3 23	189M	-0.3%	+1.6%
Q4 23	191M	+0.9%	+2.6%
Q1 24	192M	+0.7%	+1.7%
Q2 24	197M	+2.4%	+3.8%
Q3 24	193M	-1.8%	+2.2%
Q4 24	204M	+5.4%	+6.8%
Q1 25	206M	+1.2%	+7.3%
Q2 25	210M	+2.0%	+6.9%
Q3 25	222M	+5.6%	+14.9%
Q4 25	215M	-3.3%	+5.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$13.7K	33K
Q2 22	$13.4K	33K
Q3 22	$13.4K	33K
Q4 22	$15.0K	30K
Q1 23	$15.5K	30K
Q2 23	$15.7K	30K
Q3 23	$15.9K	30K
Q4 23	$16.0K	30K
Q1 24	$16.4K	30K
Q2 24	$16.8K	30K
Q3 24	$17.0K	30K
Q4 24	$17.3K	30K
Q1 25	$18.6K	30K
Q2 25	$19.7K	30K
Q3 25	$20.7K	30K
Q4 25	$20.7K	32K

Revenue / Employee