AMN Healthcare Services (AMN) financial statements
AMN Healthcare Services reported revenue of $2.7B in fiscal 2025, up 4.1% a year over 9 years.
Net income was -$96M and the operating margin -2.0%, against 10.1% in 2016.
Free cash flow was $234M.
The diluted share count fell 22% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AMN Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $2.0B | $2.1B | $2.2B | $2.4B | $4.0B | $5.2B | $3.8B | $3.0B | $2.7B |
| Cost of revenue | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B | $2.7B | $3.5B | $2.5B | $2.1B | $2.0B |
| Gross profit | $620M | $644M | $696M | $743M | $792M | $1.3B | $1.7B | $1.2B | $919M | $774M |
| Selling, general and admin | $398M | $400M | $452M | $508M | $550M | $730M | $937M | $748M | $632M | $593M |
| Operating income | $192M | $212M | $203M | $177M | $149M | $478M | $647M | $338M | -$103M | -$55M |
| Interest expense | $15M | $20M | $16M | $28M | $58M | $34M | $40M | $54M | $70M | $46M |
| Pre-tax income | $176M | $193M | $187M | $148M | $92M | $444M | $607M | $284M | -$173M | -$101M |
| Income tax | $70M | $60M | $45M | $34M | $21M | $117M | $163M | $74M | -$26M | -$5M |
| Net income | $106M | $133M | $142M | $114M | $71M | $327M | $444M | $211M | -$147M | -$96M |
| EPS (diluted) | $2.15 | $2.68 | $2.91 | $2.40 | $1.48 | $6.81 | $9.90 | $5.36 | -$3.85 | -$2.48 |
| Diluted shares | 49M | 49M | 49M | 48M | 48M | 48M | 45M | 39M | 38M | 39M |
| Gross margin | 32.6% | 32.4% | 32.6% | 33.5% | 33.1% | 32.9% | 32.7% | 33.0% | 30.8% | 28.3% |
| Operating margin | 10.1% | 10.7% | 9.5% | 8.0% | 6.2% | 12.0% | 12.3% | 8.9% | -3.4% | -2.0% |
| Net margin | 5.6% | 6.7% | 6.6% | 5.1% | 3.0% | 8.2% | 8.5% | 5.6% | -4.9% | -3.5% |
Balance sheet
Fiscal years, from AMN Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $11M | $15M | $14M | $83M | $29M | $181M | $65M | $33M | $11M | $34M |
| Receivables | $342M | $350M | $366M | $353M | $376M | $789M | $676M | $623M | $438M | $383M |
| Total current assets | $451M | $474M | $482M | $560M | $534M | $1.3B | $1.1B | $842M | $595M | $545M |
| Property, plant and equipment | $60M | $73M | $90M | $105M | $116M | $127M | $149M | $191M | $186M | $136M |
| Goodwill | $342M | $341M | $439M | $596M | $864M | $892M | $935M | $1.1B | $897M | $756M |
| Total assets | $1.2B | $1.3B | $1.5B | $1.9B | $2.4B | $3.1B | $2.9B | $2.9B | $2.4B | $2.1B |
| Total current liabilities | $275M | $265M | $307M | $378M | $423M | $969M | $858M | $656M | $546M | $578M |
| Total liabilities | $737M | $691M | $854M | $1.2B | $1.5B | $2.0B | $1.8B | $2.1B | $1.7B | $1.5B |
| Shareholders' equity | $449M | $563M | $639M | $737M | $820M | $1.2B | $1.0B | $831M | $707M | $642M |
| Net debt | -$7M | -$15M | -$14M | -$83M | -$25M | -$181M | -$65M | -$33M | -$11M | -$34M |
Cash flow
Fiscal years, from AMN Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $134M | $161M | $227M | $225M | $257M | $305M | $654M | $372M | $320M | $269M |
| Capital spending | $22M | $27M | $35M | $35M | $38M | $54M | $76M | $104M | $81M | $36M |
| Free cash flow | $112M | $134M | $192M | $190M | $219M | $252M | $578M | $268M | $240M | $234M |
| Stock-based compensation | $11M | $10M | $11M | $16M | $20M | $25M | $30M | $18M | $23M | $31M |
| Share buybacks (net) | -$13M | -$20M | -$67M | -$19M | $0 | -$3M | -$577M | -$425M | $0 | $0 |
| Free cash flow margin | 5.9% | 6.7% | 9.0% | 8.5% | 9.2% | 6.3% | 11.0% | 7.1% | 8.0% | 8.6% |
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Open AMN in InvestinglyQuestions
What was AMN Healthcare Services's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does AMN Healthcare Services generate?
$234M in fiscal 2025 (operating cash flow minus capital spending).
From AMN Healthcare Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.