Pennant Group (PNTG) Q3 FY2026 earnings: revenue $302 million, up 32.0% on the year

Pennant Group, Inc. (PNTG) reported revenue of $302 million for Q3 FY2026, the quarter ended 30 September 2026, up 32.0% on the same quarter a year earlier. Net income was $10 million, up 58.5% on the year, and diluted earnings per share $0.26. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$302 million

+32.0% on the year · +1.4% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

5.5%

4.5% a year earlier

Q4 FY2024Q3 FY2026

Net income

$10 million

+58.5% on the year · +6.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.26

+52.9% on the year · +4.0% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue rose 32% to $302.3M: Total revenue was $302.3 million, up $73.2 million or 32.0% from $229.0 million a year earlier. Nine-month revenue was $885.6 million, against $658.4 million.
Adjusted diluted EPS $0.35 vs $0.30: Adjusted diluted EPS was $0.35 against $0.30. Adjusted net income rose $2.2 million, or 21.6%, to $12.7 million. Nine-month adjusted diluted EPS was $1.03 against $0.84.
Home Health and Hospice revenue up 38%: Home Health and Hospice Services revenue was $239.8 million, up $66.2 million or 38.2%. Segment adjusted EBITDA from operations was $38.1 million, up 42.0%, and segment adjusted EBITDAR was $41.4 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	302	298	229	+1.4%	+32.0%
Cost of revenue	248	243	185	+2.3%	+33.8%
Gross profit	54.1	55.3	43.6	-2.2%	+24.1%
Gross margin	17.9%	18.6%	19.0%
Selling, general and administrative	20.6	21.6	19.3	-4.5%	+6.9%
Operating income	16.5	17.2	10.2	-3.9%	+61.3%
Operating margin	5.5%	5.8%	4.5%
Interest expense	3.6	3.3	1.0	+8.1%	+256.2%
Pre-tax income	14.2	14.8	9.4	-4.3%	+50.9%
Income tax	3.1	3.9	2.5	-20.8%	+23.9%
Effective tax rate	22.0%	26.5%	26.8%
Net income	9.6	9.1	6.1	+6.1%	+58.5%
Net margin	3.2%	3.0%	2.7%
Diluted EPS	$0.26	$0.25	$0.17	+4.0%	+52.9%

$ million except per share.

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

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	25.1	21.8	13.9	+15.1%	+80.4%
Capital expenditure	15.0	6.3	3.5	+136.6%	+333.7%
Free cash flow	10.1	15.5	10.5	-34.6%	-3.2%
Free cash flow margin	3.4%	5.2%	4.6%
Cash from investing	-23.1	-39.9	-14.6
Cash from financing	1.1	28.5	-11.4	-96.0%
Depreciation and amortisation	3.7	3.1	2.1	+18.4%	+78.6%
Share-based compensation	3.3	2.9	2.5	+12.4%	+35.3%
Diluted shares, weighted	36m	36m	35m	+1.2%	+3.2%
Shares outstanding at period end	35m	35m	35m	+0.6%	+1.5%

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
Shareholders' equity	420	404	343	+3.8%	+22.4%
Debt	198	197	26.0	+0.4%	+662.8%
Operating lease liabilities	256	263	255	-2.8%	+0.4%
Finance lease liabilities	1.3	1.6	5.7	-18.0%	-76.3%
Other liabilities	167	170	124	-1.7%	+34.9%
Total liabilities and equity	1,043	1,037	754	+0.5%	+38.4%
Fixed assets	93.4	75.3	55.9	+24.0%	+67.2%
Goodwill	238	236	162	+0.8%	+47.1%
Cash and equivalents	18.4	15.3	2.3	+20.4%	+687.2%
Receivables	131	133	96.1	-1.8%	+36.2%
Other assets	563	578	438	-2.6%	+28.5%
Total assets	1,043	1,037	754	+0.5%	+38.4%

Questions

What was Pennant Group's revenue in Q3 FY2026?

Pennant Group (PNTG) reported revenue of $302 million for Q3 FY2026, the quarter ended 30 September 2026, up 32.0% on the same quarter a year earlier.

How much did Pennant Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $10 million, up 58.5% on the year, and diluted earnings per share $0.26.

When did Pennant Group report Q3 FY2026 results?

Pennant Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	112	114	116	118	125	126	132	140	146	157	169	181	189	210	220	229	289	285	298	302
Cost of revenue	93.2	90.4	92.7	94.7	98.9	103	106	112	117	126	135	144	153	169	177	185	237	233	243	248
Gross profit	18.6	23.6	23.6	23.7	25.8	23.9	26.1	27.8	29.0	30.9	33.4	36.2	36.2	41.1	42.2	43.6	52.3	52.7	55.3	54.1
Gross margin	17%	21%	20%	20%	21%	19%	20%	20%	20%	20%	20%	20%	19%	20%	19%	19%	18%	18%	19%	18%
SG&A	n/a	n/a	9.7	5.9	n/a	8.7	8.8	9.4	9.8	11.4	11.9	13.0	13.9	14.8	17.6	19.3	19.3	19.7	21.6	20.6
Operating income	-2.2	2.3	-3.1	7.1	6.4	4.3	6.3	7.1	7.6	8.5	9.6	10.8	9.2	12.7	11.5	10.2	17.5	17.3	17.2	16.5
Operating margin	-2%	2%	-3%	6%	5%	3%	5%	5%	5%	5%	6%	6%	5%	6%	5%	4%	6%	6%	6%	5%
Interest expense	0.6	0.6	0.8	1.1	1.3	1.4	1.5	1.5	1.6	1.8	1.6	2.9	0.7	1.2	1.2	1.0	3.3	3.1	3.3	3.6
Pre-tax income	-2.8	1.7	-4.0	6.1	5.1	2.9	4.8	5.5	6.3	6.8	7.9	8.0	8.6	11.4	10.6	9.4	14.3	14.1	14.8	14.2
Tax rate	n/a	32%	n/a	18%	28%	31%	40%	19%	28%	26%	23%	17%	24%	25%	25%	27%	27%	27%	27%	22%
Net income	-2.1	1.0	-2.7	4.8	3.5	1.9	2.8	4.4	4.3	4.9	5.7	6.2	5.8	7.8	7.1	6.1	8.6	8.5	9.1	9.6
Net margin	-2%	1%	-2%	4%	3%	1%	2%	3%	3%	3%	3%	3%	3%	4%	3%	3%	3%	3%	3%	3%
Diluted EPS	-$0.07	$0.03	-$0.09	$0.16	$0.12	$0.06	$0.09	$0.15	$0.14	$0.16	$0.18	$0.20	$0.16	$0.22	$0.20	$0.17	$0.24	$0.24	$0.25	$0.26
Operating cash flow	-5.2	-4.1	9.0	8.1	-3.9	9.0	6.5	12.4	5.2	0.5	10.5	7.7	20.6	-21.2	34.6	13.9	21.0	-3.4	21.8	25.1
Capital expenditure	2.2	2.4	5.5	2.6	3.7	2.3	1.7	1.8	2.4	3.1	1.6	0.9	3.3	2.0	3.1	3.5	3.6	5.3	6.3	15.0
Free cash flow	-7.3	-6.5	3.5	5.5	-7.7	6.7	4.9	10.6	2.8	-2.6	8.9	6.8	17.2	-23.2	31.6	10.5	17.4	-8.7	15.5	10.1
Dividends paid	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	28m	29m	29m	30m	30m	30m	30m	30m	30m	30m	30m	30m	34m	34m	34m	35m	35m	35m	35m	35m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* 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 4 November 2026: the filing.