Earnings

Pennant Group Revenue Growth Cools to 32%

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter revenue reached $302.3 million as home health admissions rose 39.4% and GAAP diluted earnings were $0.26 a share.

The Pennant Group, Inc. (PNTG), the parent of affiliated home health, hospice and senior living companies, reported third-quarter 2026 revenue of $302.3 million, up 32.0% from a year earlier. That year-over-year rate slowed from 35.8% in the second quarter and 36.0% in the first.

GAAP diluted earnings were $0.26 a share, compared with $0.17 a year earlier. Adjusted diluted earnings were $0.35 a share. Net income attributable to Pennant was $9.6 million, up 58.5% from $6.1 million a year earlier. Adjusted net income was $12.7 million.

Chief Executive Officer Brent Guerisoli said the quarter was consistent with full-year guidance and that the company remained focused on leadership development, clinical excellence, margin, growth and employee experience. Chief Operating Officer John Gochnour said the company had added 75 home health and hospice locations and 16 senior living communities over the last two years.

Home Health and Hospice Services, the larger of the two reportable segments, generated $239.8 million of revenue, up 38.2% from a year earlier. Segment adjusted EBITDA from operations was $38.1 million. The segment accounted for 79.3% of total revenue.

Total home health admissions were 28,479, up 39.4% from a year earlier. Same-store home health admissions were 17,825, up 8.0%. Total Medicare home health admissions were 11,347. Average Medicare revenue per 60-day completed episode was $3,632, down 2.2% from a year earlier. Same-agency episode revenue was $3,807, up 1.6%.

Hospice average daily census was 5,443, up 34.6% from a year earlier. Hospice Medicare revenue per day was $193, up 2.1%. Total hospice admissions were 4,590.

Senior Living Services revenue was $62.4 million, up 12.6% from a year earlier, matching the year-over-year rate in the second and first quarters. Average occupancy was 78.4%, down 250 basis points from a year earlier after a 10 basis point increase in the second quarter. Average monthly revenue per occupied room was $5,385, up 3.7%. Same-store occupancy was 81.2%, down 60 basis points, and same-store revenue per occupied room was $5,370, up 4.6%. Senior Living adjusted EBITDA from operations was $5.7 million, up 3.0% from a year earlier. Adjusted EBITDAR from operations was $16.2 million.

Consolidated adjusted EBITDA was $24.7 million, up 42.4% from a year earlier. Consolidated adjusted EBITDAR was $38.4 million.

Medicare was 50.6% of revenue, up from 47.5% a year earlier. Managed care was 15.9% of revenue and private and other payors 20.3%.

Transition services costs under the UnitedHealth agreement were $1.55 million in the quarter, a non-GAAP add-back not present in the year-ago period.

The company operates 175 home health and hospice agencies and 70 senior living communities across 13 states.

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