Ardent Health (ARDT) Q3 FY2026 earnings: revenue $1.6 billion, up 3.1% on the year
Ardent Health, Inc. (ARDT) reported revenue of $1.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 3.1% on the same quarter a year earlier. Net income was $45 million, and diluted earnings per share $0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$1.6 billion
+3.1% on the year · +0.2% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
5.0%
-0.1% a year earlier
Q4 FY2024Q3 FY2026
Net income
$45 million
+163.4% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.31
+158.3% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Net income turned positive: Net income attributable to Ardent Health was $45 million, or $0.31 per diluted share, against a $23 million loss, or $0.17 per share, a year earlier.
Adjusted EBITDA reached $138 million: Adjusted EBITDA was $138 million, against $45 million a year earlier; margin was 8.5% against 2.9%. Management cited IMPACT benefits, improving volume trends and operational execution.
Adjusted admissions growth accelerated: Adjusted admissions rose 2.9%, up from 2.5% in the second quarter. Management uses this measure for combined inpatient and outpatient volume.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
122
197
154
-38.0%
-21.0%
Capital expenditure
48.8
38.7
58.8
+26.2%
-17.0%
Free cash flow
73.1
158
95.6
-53.7%
-23.5%
Free cash flow margin
4.5%
9.7%
6.1%
Cash from investing
-40.1
-39.2
-58.6
Cash from financing
-40.0
-42.8
-26.9
Depreciation and amortisation
41.1
41.3
39.2
-0.7%
+4.9%
Buybacks
11.0
n/a
0.0
Diluted shares, weighted
142m
143m
141m
-0.9%
+0.3%
Shares outstanding at period end
141m
142m
143m
-0.7%
-1.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,396
1,351
1,238
+3.4%
+12.8%
Non-controlling interest
393
396
395
-0.7%
-0.6%
Redeemable equity
-7.3
-4.7
-1.5
Debt
1,098
1,102
1,124
-0.3%
-2.3%
Other liabilities
2,473
2,437
2,399
+1.5%
+3.1%
Total liabilities and equity
5,353
5,280
5,154
+1.4%
+3.9%
Fixed assets
n/a
n/a
888
Goodwill
862
879
878
-2.0%
-1.8%
Cash and equivalents
766
724
609
+5.8%
+25.7%
Receivables
662
696
729
-4.9%
-9.3%
Inventory
110
116
122
-5.1%
-9.5%
Other assets
2,953
2,864
1,928
+3.1%
+53.1%
Total assets
5,353
5,280
5,154
+1.4%
+3.9%
Questions
What was Ardent Health's revenue in Q3 FY2026?
Ardent Health (ARDT) reported revenue of $1.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 3.1% on the same quarter a year earlier.
How much did Ardent Health earn in Q3 FY2026?
Net income for Q3 FY2026 was $45 million, and diluted earnings per share $0.31.
When did Ardent Health report Q3 FY2026 results?
Ardent Health filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.