Pennant Group, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $251.0m $286.1m $338.5m $391.0m $439.7m $473.2m $544.9m $695.2m $947.7m
Income from operations $15.4m $20.6m $5.7m $18.9m $4.7m $12.7m $25.2m $38.1m $51.9m
Depreciation and amortization $2.5m $3.0m $3.8m $4.7m $4.8m $4.9m $5.1m $6.1m $8.5m
(Gain) loss on asset dispositions and impairment, net $0 $2.9m $7.0m $70k ($682k) ($999k)
Other income $0 $0 $225k ($24k) ($31k) $339k $207k $422k
Provision for income taxes $5.4m $4.4m $2.1m $2.4m $582k $1.6m $5.7m $7.0m $11.9m
Income before provision for income taxes $15.4m $20.6m $5.3m $17.9m $2.7m $8.9m $19.6m $31.4m $45.6m
Net income $10.0m $16.3m $3.2m $15.6m $2.1m $7.2m $13.9m $24.3m $33.8m
Net income and other comprehensive income attributable to The Pennant Group, Inc. $9.9m $15.7m $2.5m $15.7m $2.7m $6.6m $13.4m $22.6m $29.6m
Less: net income attributable to noncontrolling interest $160k $595k $629k ($191k) ($548k) $600k $531k $1.8m $4.2m
Basic (in dollars per share) $0.36 $0.58 $0.11 $0.55 $0.08 $0.25 $0.47 $0.78 $0.98
Diluted (in dollars per share) $0.36 $0.58 $0.11 $0.51 $0.07 $0.24 $0.46 $0.76 $0.96
Cost of services $187.3m $212.4m $258.9m $296.9m $353.1m $376.6m $438.1m $558.4m $768.5m
Rent—cost of services $31.3m $31.2m $35.0m $39.2m $40.9m $38.0m $39.8m $43.0m $48.7m
General and administrative expense $14.5m $18.8m $35.1m $31.3m $36.3m $34.0m $36.7m $50.2m $71.1m
Interest expense, net $0 ($410k) ($1.2m) ($1.9m) ($3.8m) ($5.9m) ($7.0m) ($6.7m)
Other expense, net $0 $0 ($410k) ($1.0m) ($2.0m) ($3.8m) ($5.6m) ($6.7m) ($6.3m)
Total expenses $235.6m $265.4m $332.9m $372.0m $435.0m $460.5m $519.7m $657.1m $895.8m