CCRN

MKT CAP:$324M

Cross Country Healthcare, Inc.

Market Cap

$324M

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

Healthcare·Medical·🇺🇸·NASDAQ

Stock Price

$10.04+$1.98 (+24.57%)

Apr 24, 2026

Company Details

Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and All...

CEO

Kevin Cronin Clark

IPO Date

Oct 25, 2001

Website

www.crosscountryhealthcare.com

Key Metrics TTM

Revenue

$1.1B

-22.1% YoY

Net Income

-$16M

EPS (Diluted)

-$0.49

Free Cash Flow

$46M

Revenue / Share

$34.67

Gross Margin

20.2%

Operating Margin

-1.4%

Net Margin

-1.4%

FCF Margin

4.1%

P/S

0.3x

P/E

—

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 12, 2025

$250M-20.6%EPS -$0.15

Q2 2025

Aug 6, 2025

$274M-19.3%EPS -$0.20

Q1 2025

May 7, 2025

$293M-22.6%EPS -$0.02

FY 2024

Mar 5, 2025

$1.3B-33.5%EPS -$0.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$375M	$84M	$26M
Q4 21	$641M	$147M	$76M
Q1 22	$789M	$175M	$91M
Q2 22	$754M	$170M	$79M
Q3 22	$636M	$144M	$52M
Q4 22	$628M	$139M	$51M
Q1 23	$623M	$139M	$44M
Q2 23	$541M	$123M	$35M
Q4 23	$414M	$90M	$13M
Q1 24	$379M	$77M	$3M
Q2 24	$340M	$71M	-$19M
Q3 24	$315M	$64M	$3M
Q4 24	$310M	$62M	-$3M
Q1 25	$293M	$59M	-$977.0K
Q2 25	$274M	$56M	-$6M
Q3 25	$250M	$51M	-$6M

Valuation

Quarter	P/S	P/E
Q3 21	0.3x	6.2x
Q4 21	0.2x	2.5x
Q1 22	0.2x	1.9x
Q2 22	0.1x	1.5x
Q3 22	0.1x	1.4x
Q4 22	0.1x	1.7x
Q1 23	0.1x	2.1x
Q2 23	0.1x	2.6x
Q4 23	0.1x	3.3x
Q1 24	0.2x	5.2x
Q2 24	0.2x	19.0x
Q3 24	0.2x	—
Q4 24	0.2x	—
Q1 25	0.3x	—
Q2 25	0.3x	—
Q3 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$3M	-$5M
Q4 21	-$73M	-$76M
Q1 22	-$29M	-$31M
Q2 22	$18M	$16M
Q3 22	$141M	$138M
Q4 22	$4M	$2M
Q1 23	$47M	$43M
Q2 23	$119M	$115M
Q4 23	$12M	$9M
Q1 24	$6M	$4M
Q2 24	$82M	$80M
Q3 24	$7M	$6M
Q4 24	$24M	$22M
Q1 25	$6M	$4M
Q2 25	$4M	$2M
Q3 25	$20M	$18M

Capital Expenditures

Quarter	CapEx
Q3 21	$2M
Q4 21	$2M
Q1 22	$2M
Q2 22	$2M
Q3 22	$3M
Q4 22	$2M
Q1 23	$4M
Q2 23	$4M
Q4 23	$3M
Q1 24	$2M
Q2 24	$3M
Q3 24	$1M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+74.3%	+63.5%
Q4 21	+205.0%	+168.7%
Q1 22	+139.6%	+126.5%
Q2 22	+127.1%	+113.6%
Q3 22	+69.7%	+67.6%
Q4 22	-1.9%	+2.1%
Q1 23	-21.0%	-17.1%
Q2 23	-28.2%	-25.1%
Q4 23	-34.9%	-31.4%
Q1 24	-39.6%	-34.8%
Q2 24	-45.4%	-38.0%
Q3 24	-41.7%	-38.2%
Q4 24	-25.1%	-21.8%
Q1 25	-22.6%	-21.8%
Q2 25	-19.3%	-22.0%
Q3 25	-20.6%	-18.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$2M	0.3%
Q1 22	$2M	0.2%
Q2 22	$2M	0.3%
Q3 22	$1M	0.2%
Q4 22	$2M	0.3%
Q1 23	$2M	0.3%
Q2 23	$2M	0.4%
Q4 23	$1M	0.3%
Q1 24	$1M	0.3%
Q2 24	$2M	0.7%
Q3 24	$870.0K	0.3%
Q4 24	$2M	0.5%
Q1 25	$1M	0.4%
Q2 25	$870.0K	0.3%
Q3 25	$766.0K	0.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	$59M	$10M	—
Q4 22	$68M	$16M	—
Q4 23	$60M	$12M	—
Q3 24	—	—	$54M
Q4 24	$47M	$9M	—
Q1 25	—	—	$52M
Q2 25	—	—	$50M

Revenue Segments

Quarter	Nurse And Allied Staffing	Physician Staffing
Q3 21	$356M	$19M
Q4 21	$620M	$20M
Q1 22	$766M	$23M
Q2 22	$731M	$22M
Q3 22	$612M	$24M
Q4 22	$591M	$37M
Q1 23	$582M	$40M
Q2 23	$495M	$45M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1M	$0	$1M
Q2 22	$279.0K	$0	$279.0K
Q3 22	$30M	$0	$30M
Q4 22	$4M	$0	$4M
Q1 23	$291.0K	$0	$291.0K
Q2 23	$673.0K	$0	$673.0K
Q3 23	$14M	$0	$14M
Q4 23	$17M	$0	$17M
Q1 24	$5M	$0	$5M
Q2 24	$70M	$0	$70M
Q3 24	$64M	$0	$64M
Q4 24	$82M	$0	$82M
Q1 25	$81M	$0	$81M
Q2 25	$81M	$0	$81M
Q3 25	$99M	$0	$99M
Q4 25	$109M	$0	$109M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	38M	+1.0%	+4.8%
Q4 21	38M	+0.4%	+5.2%
Q1 22	38M	+0.6%	+2.5%
Q2 22	38M	-0.6%	+1.5%
Q3 22	37M	-0.7%	-0.2%
Q4 22	37M	-1.5%	-2.1%
Q1 23	37M	-1.0%	-3.7%
Q2 23	36M	-2.8%	-5.9%
Q4 23	35M	-2.4%	-7.5%
Q1 24	35M	-0.3%	-6.3%
Q2 24	34M	-1.8%	-7.1%
Q3 24	33M	-2.7%	-6.9%
Q4 24	32M	-2.2%	-6.8%
Q1 25	32M	-0.2%	-6.7%
Q2 25	32M	+0.7%	-4.3%
Q3 25	33M	+0.1%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$258.6K	1K
Q4 21	$284.7K	2K
Q1 22	$350.5K	2K
Q2 22	$334.9K	2K
Q3 22	$282.7K	2K
Q4 22	$232.7K	3K
Q1 23	$230.6K	3K
Q2 23	$200.3K	3K
Q4 23	$180.0K	2K
Q1 24	$164.9K	2K
Q2 24	$147.7K	2K
Q3 24	$137.0K	2K
Q4 24	$221.4K	1K
Q1 25	$209.6K	1K
Q2 25	$195.8K	1K
Q3 25	$178.6K	1K

Revenue / Employee