← AdaptHealth Corp.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Accounts receivable | $53.0m | $78.6m | $171.1m | $359.9m | $359.1m | $388.9m | $408.0m | $370.9m | |
| Inventory | $7.7m | $13.2m | $58.8m | $123.1m | $127.8m | $113.6m | $139.8m | $151.2m | |
| Prepaid and other current assets | $4.9m | $12.7m | $33.4m | $37.4m | $52.1m | $69.3m | $45.4m | $100.6m | |
| Total current assets | $90.8m | $181.4m | $363.3m | $670.1m | $585.3m | $649.0m | $755.8m | $728.9m | |
| Goodwill | $202.4m | $266.8m | $998.8m | $3.5b | $3.5b | $2.7b | $2.7b | $2.5b | |
| Identifiable intangible assets, net | — | — | $116.1m | $202.2m | $162.8m | $130.2m | $105.5m | $85.1m | |
| Operating lease right-of-use assets | $947k | — | — | $147.8m | $129.5m | $110.5m | $106.0m | $112.0m | |
| Finance lease right-of-use assets | $947k | — | — | $0 | $5.4m | $32.0m | $37.8m | $52.3m | |
| Other assets | $5.0m | $6.9m | $16.5m | $15.1m | $22.4m | $21.1m | $17.6m | $19.1m | |
| Cash | $25.2m | $76.9m | $100.0m | $149.6m | $46.3m | $77.1m | $109.7m | $106.1m | |
| Assets held for sale | — | — | — | — | — | $0 | $52.7m | $0 | |
| Equipment and other fixed assets, net | $61.6m | $63.6m | $110.5m | $398.6m | $487.1m | $495.1m | $474.6m | $510.0m | |
| Deferred tax assets | $9.1m | $27.5m | $208.4m | $304.2m | $281.8m | $345.9m | $314.5m | $267.8m | |
| Current portion of operating lease obligations | — | — | — | $31.4m | $30.0m | $29.3m | $29.9m | $30.7m | |
| Current portion of finance lease obligations | — | — | $22.3m | $15.4m | $2.2m | $9.1m | $14.3m | $17.7m | |
| Contract liabilities | $7.5m | $9.6m | $11.0m | $31.4m | $31.6m | $38.6m | $34.9m | $59.8m | |
| Other liabilities | $14.7m | $17.1m | $89.5m | $43.2m | $19.9m | $10.7m | $26.5m | $30.1m | |
| Liabilities held for sale | — | — | — | — | — | $0 | $7.0m | $0 | |
| Operating lease obligations, less current portion | — | — | — | $120.2m | $104.4m | $85.5m | $80.3m | $85.5m | |
| Finance lease obligations, less current portion | — | — | — | $0 | $4.0m | $22.7m | $24.6m | $32.6m | |
| Total Assets | $369.0m | $546.1m | $1.8b | $5.3b | $5.2b | $4.5b | $4.5b | $4.3b | |
| Total Liabilities and Stockholders' Equity | $369.0m | $546.1m | $1.8b | $5.3b | $5.2b | $4.5b | $4.5b | $4.3b | |
| Accounts payable and accrued expenses | $85.6m | $102.7m | $254.2m | $358.4m | $337.5m | $392.0m | $438.0m | $553.7m | |
| Current portion of long-term debt | $7.1m | $1.7m | $8.1m | $20.0m | $35.0m | $53.4m | $16.2m | $20.3m | |
| Long-term debt, less current portion | $127.1m | $395.1m | $776.6m | $2.2b | $2.2b | $2.1b | $2.0b | $1.7b | |
| Total current liabilities | $135.7m | $150.9m | $422.1m | $499.8m | $456.2m | $537.0m | $567.0m | $712.4m | |
| Other long-term liabilities | $3.2m | $29.1m | $186.5m | $322.5m | $305.5m | $302.1m | $272.0m | $243.8m | |
| Total Liabilities | $266.2m | $575.4m | $1.4b | $3.2b | $3.1b | $3.0b | $2.9b | $2.8b | |
| Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized and 135,450,364 and 134,602,317 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 720 | 7k | 9k | 13k | 13k | 13k | 13k | 13k | |
| Preferred Stock, par value of $0.0001 per share, 5,000,000 shares authorized; 124,060 shares issued and outstanding as of December 31, 2025 and 2024 | 720 | 7k | 1k | 1k | 1k | 1k | 1k | 1k | |
| Treasury stock, at cost (2,935,035 shares as of December 31, 2025 and 2024) | — | — | — | $0 | ($14.0m) | ($43.3m) | ($25.5m) | ($25.5m) | |
| Additional paid-in capital | $2.9m | $11.3m | $513.8m | $2.1b | $2.1b | $2.1b | $2.2b | $2.2b | |
| Accumulated deficit | ($13.4m) | ($27.2m) | ($91.1m) | ($43.0m) | $26.3m | ($652.6m) | ($562.2m) | ($633.0m) | |
| Accumulated other comprehensive income | — | $1.4m | ($4.4m) | ($2.4m) | $8.7m | $4.4m | $2.3m | $78k | |
| Noncontrolling interest in subsidiary | — | ($14.7m) | ($23.6m) | $4.8m | $6.6m | $8.2m | $7.0m | $7.8m | |
| Total stockholders' equity attributable to AdaptHealth Corp. | $5.0m | ($14.5m) | $418.3m | $2.1b | $2.2b | $1.5b | $1.6b | $1.5b | |
| Total Stockholders' Equity | $0 | ($29.2m) | $394.8m | $2.1b | $2.2b | $1.5b | $1.6b | $1.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.