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Pacs Group (PACS) Q4 FY2023 earnings: revenue $853 million

Pacs Group, Inc. (PACS) reported revenue of $853 million for Q4 FY2023, the quarter ended 31 December 2023. Net income was $34 million. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2025.

Revenue$853 million
Net income$34 million
Diluted EPSn/a
QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue853789n/an/a
Cost of revenue680638n/an/a
Gross profit174151n/an/a
Gross margin20.3%19.1%n/a
Operating income62.536.4n/an/a
Operating margin7.3%4.6%n/a
Interest expensen/a10.2n/an/a
Pre-tax income49.227.4n/an/a
Income tax15.17.5n/an/a
Effective tax rate30.7%27.3%n/a
Net income34.119.9n/an/a
Net margin4.0%2.5%n/a
Diluted EPSn/a$0.15n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. 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. 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 and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow-9.715.2n/an/a
Capital expenditure15.214.0n/an/a
Free cash flow-24.91.2n/an/a
Free cash flow margin-2.9%0.2%n/a
Cash from investing-59.9-45.6n/an/a
Cash from financing98.240.0n/an/a
Depreciation and amortisationn/a6.4n/an/a
Share-based compensationn/a0.0n/an/a
Dividends paid11.425.3n/an/a
Dividend per sharen/a$0.20n/an/a
Diluted shares, weighted129m129mn/an/a
Shares outstanding at period end129m157mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity96.179.0n/an/a
Non-controlling interest5.6n/an/an/a
Debt213n/an/an/a
Operating lease liabilities1,962n/an/an/a
Finance lease liabilities40.8n/an/an/a
Other liabilities1,196n/an/an/a
Total liabilities and equity3,513n/an/an/a
Goodwill59.0n/an/an/a
Cash and equivalents73.469.1n/an/a
Receivables548n/an/an/a
Other assets2,832n/an/an/a
Total assets3,513n/an/an/a

Questions

What was Pacs Group's revenue in Q4 FY2023?

Pacs Group (PACS) reported revenue of $853 million for Q4 FY2023, the quarter ended 31 December 2023.

How much did Pacs Group earn in Q4 FY2023?

Net income for Q4 FY2023 was $34 million.

When did Pacs Group report Q4 FY2023 results?

Pacs Group filed its 10-K for the year that ended with the quarter on 19 November 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 14 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue7087617898539209361,0261,1471,2771,3091,3451,3581,4201,428
Cost of revenue5395916386807367628509491,0241,0211,0461,0391,0751,090
Gross profit170170151174184174177198253288298319346338
Gross margin24%22%19%20%20%19%17%17%20%22%22%24%24%24%
Operating income59.349.536.462.580.00.723.019.448.180.586.394.7120109
Operating margin8%7%5%7%9%0%2%2%4%6%6%7%8%8%
Interest expensen/a15.310.2n/a16.19.99.010.06.94.48.58.66.46.0
Pre-tax income49.131.627.449.273.1-12.433.77.242.778.676.386.8114106
Tax rate23%33%27%31%33%n/a52%88%34%35%31%31%29%28%
Net income37.621.219.934.149.1-10.915.61.928.551.052.459.780.776.4
Net margin5%3%3%4%5%-1%2%0%2%4%4%4%6%5%
Diluted EPS$0.29$0.16$0.15n/a$0.38-$0.07$0.10n/a$0.17$0.31$0.32n/a$0.50$0.47
Operating cash flow79.3-21.115.2-9.758.834.820964.615052.6205-3.4236136
Capital expenditure5.910.714.015.210.815.315.824.617.718.618.051.121.826.5
Free cash flow73.4-31.71.2-24.948.019.519340.013334.0187-54.5215109
Dividends paid18.525.225.311.417.516.20.00.00.00.00.00.0n/an/a
Shares outstanding25m152m157m129m129m152m155m155m155m157m157m157m157m158m
Filing10-Q10-Q10-Q10-K10-K10-K10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
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 blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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-K for the period ended 31 December 2023, filed 19 November 2025: the filing.