AMN Healthcare Services, Inc. (AMN) Balance Sheet
AMN balance sheet, 2025
December 31, 2025 · U.S. dollars$2.09B assets = $1.45B liabilities + $642.1M equity
Both columns are drawn to the same scale: what AMN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AMN financial health
Descriptive bands, not a rating. Fiscal 2025.
AMN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.19B2016 | $2.09B2025 | +6.5%/yr | |
| Total liabilities | $737.5M2016 | $1.45B2025 | +7.8%/yr | |
| Shareholders’ equity | $449.4M2016 | $642.1M2025 | +4.0%/yr | |
| Cash & short-term investments | $10.6M2016 | $34.0M2025 | +13.8%/yr | |
| Total debt | $362.9M2016 | $803.2M2025 | +9.2%/yr | |
| Net cash (debt) | −$352.3M2016 | −$769.2M2025 | −$416.9M | |
| Working capital | $175.8M2016 | −$32.2M2025 | −$208.1M | |
| Book value per share | $9.122016 | $16.672025 | +6.9%/yr | |
| Current ratio | 1.642016 | 0.942025 | −0.70 | |
| Debt / equity | 0.812016 | 1.252025 | +0.44 | |
| Shares outstanding | 49.3M2016 | 38.5M2025 | −2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AMN assets
AMN liabilities and equity
AMN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AMN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $34.0M | $10.6M | $32.9M | $64.5M | $180.9M | $29.2M | $83.0M | $13.9M | $15.1M | $10.6M |
| Cash & equivalents | $34.0M | $10.6M | $32.9M | $64.5M | $180.9M | $29.2M | $83.0M | $13.9M | $15.1M | $10.6M |
| Short-term investments | — | — | $68.8M | $61.2M | $64.5M | $61.3M | $62.2M | $59.3M | $64.3M | $31.3M |
| Receivables | $439.1M | $520.0M | $746.5M | $953.3M | $1.03B | $450.1M | $431.4M | $416.0M | $391.5M | $391.6M |
| Inventory | $0 | $0 | $1 | $0 | $101.7M | $38.8M | $36.0M | $39.5M | $57.9M | $34.5M |
| Other current assets | $72.3M | $64.3M | $62.2M | $75.9M | $37.6M | $15.6M | $10.1M | $12.8M | $9.6M | $14.0M |
| Total current assets | $545.4M | $594.9M | $841.7M | $1.09B | $1.35B | $533.7M | $560.5M | $482.2M | $474.2M | $450.6M |
| Property, plant & equipment (net) | $136.4M | $218.4M | $225.9M | $165.5M | $154.9M | $193.9M | $194.7M | $90.4M | $73.4M | $60.0M |
| Goodwill & intangible assets | $1.04B | $1.28B | $1.59B | $1.41B | $1.41B | $1.43B | $994.0M | $764.7M | $567.7M | $587.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24,000 |
| Other non-current assets | $373.0M | $323.6M | $271.1M | $217.0M | $221.2M | $196.5M | $182.4M | $155.5M | $138.7M | $88.8M |
| Total assets | $2.09B | $2.42B | $2.92B | $2.89B | $3.13B | $2.35B | $1.93B | $1.49B | $1.25B | $1.19B |
| Liabilities | ||||||||||
| Accounts payable | $84.9M | $100.9M | $177.1M | $373.3M | $339.0M | $107.5M | $102.5M | $82.4M | $73.2M | $85.4M |
| Short-term debt | $6.0M | $6.2M | $8.0M | $8.1M | $11.4M | $19.7M | $13.9M | $202.2M | $178.5M | $3.8M |
| Deferred revenue | $106.8M | $66.4M | $20.0M | $33.3M | $157.1M | $11.0M | $11.8M | $12.4M | $8.4M | $8.9M |
| Total current liabilities | $577.6M | $545.8M | $656.1M | $857.9M | $969.4M | $423.0M | $378.1M | $307.3M | $265.3M | $274.8M |
| Long-term debt | $767.1M | $1.06B | $1.30B | $843.5M | $842.3M | $858.0M | $617.2M | $440.6M | $319.8M | $359.2M |
| Lease obligations | $36.1M | $41.9M | $45.6M | $17.4M | $24.7M | $92.8M | $105.2M | — | — | — |
| Other long-term liabilities | $107.3M | $107.5M | $132.3M | $143.3M | $158.2M | $252.9M | $199.6M | $105.9M | $106.3M | $103.5M |
| Total liabilities | $1.45B | $1.71B | $2.09B | $1.84B | $1.97B | $1.53B | $1.19B | $853.7M | $691.4M | $737.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $511,000 | $507,000 | $504,000 | $501,000 | $498,000 | $496,000 | $493,000 | $488,000 | $484,000 | $481,000 |
| Retained earnings (deficit) | $1.21B | $1.30B | $1.45B | $1.24B | $796.9M | $469.6M | $400.0M | $286.1M | $142.2M | $9.7M |
| Treasury stock | — | — | — | — | −$121.8M | −$119.1M | −$119.1M | −$100.4M | −$33.4M | −$13.3M |
| Accumulated other comprehensive income | $298,000 | −$11,000 | −$423,000 | −$939,000 | −$295,000 | $40,000 | $152,000 | $151,000 | −$112,000 | $1,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $642.1M | $706.6M | $831.3M | $1.04B | $1.16B | $819.7M | $736.7M | $639.0M | $562.5M | $449.4M |
| Key figures | ||||||||||
| Total debt | $803.2M | $1.10B | $1.35B | $861.0M | $867.1M | $955.5M | $722.3M | $642.8M | $498.4M | $362.9M |
| Net cash (debt) | −$769.2M | −$1.09B | −$1.32B | −$796.4M | −$686.1M | −$926.3M | −$639.3M | −$629.0M | −$483.2M | −$352.3M |
| Working capital | −$32.2M | $49.1M | $185.6M | $235.7M | $379.7M | $110.8M | $182.4M | $174.9M | $208.9M | $175.8M |
| Tangible book value | −$397.2M | −$572.2M | −$754.4M | −$368.6M | −$244.8M | −$609.7M | −$257.3M | −$125.7M | −$5.2M | −$138.1M |
| Book value per share | $16.67 | $18.50 | $21.13 | $23.26 | $24.19 | $17.19 | $15.48 | $13.13 | $11.38 | $9.12 |
| Shares outstanding | 38.5M | 38.2M | 39.3M | 44.9M | 48.0M | 47.7M | 47.6M | 48.7M | 49.4M | 49.3M |
| Current ratio | 0.94 | 1.09 | 1.28 | 1.27 | 1.39 | 1.26 | 1.48 | 1.57 | 1.79 | 1.64 |
| Quick ratio | 0.82 | 0.97 | 1.19 | 1.19 | 1.25 | 1.13 | 1.36 | 1.40 | 1.53 | 1.46 |
| Debt / equity | 1.25 | 1.55 | 1.62 | 0.82 | 0.75 | 1.17 | 0.98 | 1.01 | 0.89 | 0.81 |
| Equity / assets | 30.7% | 29.3% | 28.4% | 36.1% | 37.1% | 34.8% | 38.1% | 42.8% | 44.9% | 37.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $361.8M | $560.7M | $34.0M | $52.6M | $41.5M | $55.8M | $10.6M | $30.6M | $48.0M | $50.6M | $32.9M | $29.4M |
| Cash & equivalents | $361.8M | $560.7M | $34.0M | $52.6M | $41.5M | $55.8M | $10.6M | $30.6M | $48.0M | $50.6M | $32.9M | $29.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $71.7M | $71.9M | $68.8M | $70.0M |
| Receivables | $382.5M | $442.2M | $439.1M | $442.7M | $457.5M | $493.3M | $520.0M | $528.6M | $599.2M | $676.2M | $746.5M | $741.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $0 |
| Other current assets | $124.9M | $133.6M | $72.3M | $75.0M | $72.4M | $78.3M | $64.3M | $53.1M | $57.5M | $64.0M | $62.2M | $60.0M |
| Total current assets | $869.3M | $1.14B | $545.4M | $570.3M | $571.4M | $627.4M | $594.9M | $612.3M | $704.8M | $790.7M | $841.7M | $831.1M |
| Property, plant & equipment (net) | $117.3M | $151.7M | $136.4M | $175.6M | $187.7M | $209.1M | $218.4M | $230.6M | $232.0M | $229.9M | $225.9M | $187.6M |
| Goodwill & intangible assets | $1.01B | $1.02B | $1.04B | $1.06B | $1.08B | $1.26B | $1.28B | $1.52B | $1.54B | $1.56B | $1.59B | $1.35B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $368.3M | $294.7M | $373.0M | $335.1M | $374.9M | $299.3M | $323.6M | $305.7M | $293.8M | $288.9M | $271.1M | $290.5M |
| Total assets | $2.36B | $2.60B | $2.09B | $2.14B | $2.21B | $2.40B | $2.42B | $2.67B | $2.77B | $2.87B | $2.92B | $2.65B |
| Liabilities | ||||||||||||
| Accounts payable | $193.2M | $197.4M | $84.9M | $91.5M | $99.5M | $108.8M | $100.9M | $116.1M | $135.8M | $143.1M | $177.1M | $248.5M |
| Short-term debt | $5.8M | $5.8M | $6.0M | $6.1M | $6.3M | $6.6M | $6.2M | $6.4M | $6.2M | $6.6M | $8.0M | $8.5M |
| Deferred revenue | $5.1M | $5.1M | $106.8M | $66.9M | $114.7M | $108.7M | $66.4M | $12.7M | $11.5M | $12.5M | $20.0M | $23.2M |
| Total current liabilities | $770.5M | $1.04B | $577.6M | $542.2M | $573.6M | $582.2M | $545.8M | $518.5M | $573.9M | $623.9M | $656.1M | $707.1M |
| Long-term debt | $742.9M | $742.5M | $767.1M | $846.8M | $916.5M | $996.2M | $1.06B | $1.13B | $1.19B | $1.27B | $1.30B | $939.4M |
| Lease obligations | $32.9M | $34.4M | $36.1M | $38.1M | $39.3M | $40.9M | $41.9M | $43.8M | $45.4M | $45.7M | $45.6M | $36.9M |
| Other long-term liabilities | $109.3M | $104.9M | $107.3M | $105.6M | $114.5M | $101.7M | $107.5M | $128.0M | $130.3M | $125.5M | $132.3M | $191.1M |
| Total liabilities | $1.62B | $1.89B | $1.45B | $1.49B | $1.60B | $1.68B | $1.71B | $1.78B | $1.89B | $2.02B | $2.09B | $1.84B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $514,000 | $513,000 | $511,000 | $509,000 | $509,000 | $508,000 | $507,000 | $506,000 | $506,000 | $505,000 | $504,000 | $504,000 |
| Retained earnings (deficit) | $1.29B | $1.27B | $1.21B | $1.22B | $1.19B | $1.30B | $1.30B | $1.49B | $1.49B | $1.47B | $1.45B | $1.44B |
| Accumulated other comprehensive income | $8,000 | $113,000 | $298,000 | $274,999 | $195,000 | $50,000 | −$11,000 | −$56,000 | −$157,000 | −$339,000 | −$423,000 | −$610,000 |
| Total shareholders' equity | $741.3M | $712.8M | $642.1M | $644.4M | $607.6M | $715.1M | $706.6M | $890.7M | $876.9M | $854.2M | $831.3M | $817.2M |
| Key figures | ||||||||||||
| Total debt | $775.8M | $776.9M | $803.2M | $884.9M | $955.8M | $1.04B | $1.10B | $1.17B | $1.24B | $1.32B | $1.35B | $947.9M |
| Net cash (debt) | −$414.0M | −$216.2M | −$769.2M | −$832.3M | −$914.3M | −$981.3M | −$1.09B | −$1.14B | −$1.19B | −$1.27B | −$1.32B | −$918.5M |
| Working capital | $98.8M | $92.3M | −$32.2M | $28.2M | −$2.3M | $45.1M | $49.1M | $93.7M | $130.9M | $166.8M | $185.6M | $124.0M |
| Tangible book value | −$267.8M | −$308.6M | −$397.2M | −$413.5M | −$470.7M | −$544.3M | −$572.2M | −$628.5M | −$664.0M | −$709.8M | −$754.4M | −$528.4M |
| Book value per share | $18.66 | $18.22 | $16.58 | $16.65 | $15.82 | $18.66 | $18.47 | $23.26 | $22.93 | $22.36 | $21.78 | $21.32 |
| Shares outstanding | 39.7M | 39.1M | 38.7M | 38.7M | 38.4M | 38.3M | 38.3M | 38.3M | 38.2M | 38.2M | 38.2M | 38.3M |
| Current ratio | 1.13 | 1.09 | 0.94 | 1.05 | 1.00 | 1.08 | 1.09 | 1.18 | 1.23 | 1.27 | 1.28 | 1.18 |
| Quick ratio | 0.97 | 0.96 | 0.82 | 0.91 | 0.87 | 0.94 | 0.97 | 1.08 | 1.13 | 1.16 | 1.19 | 1.09 |
| Debt / equity | 1.05 | 1.09 | 1.25 | 1.37 | 1.57 | 1.45 | 1.55 | 1.32 | 1.41 | 1.54 | 1.62 | 1.16 |
| Equity / assets | 31.4% | 27.4% | 30.7% | 30.1% | 27.5% | 29.9% | 29.3% | 33.4% | 31.6% | 29.7% | 28.4% | 30.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
AMN financial position
At the end of fiscal 2025 (December 31, 2025), AMN Healthcare Services had total assets of $2.1 billion (down 13.3% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $642.1 million. It held $34.0 million in cash and short-term investments against $803.2 million of debt, net debt of $769.2 million. Its current ratio was 0.94. In the latest quarter (ended June 30, 2026) total assets were $2.4 billion and equity $741.3 million.
Related: AMN income statement, AMN cash flow statement, AMN key metrics. See the AMN stock overview for the latest quote and news.
AMN balance sheet FAQ
What are AMN Healthcare Services's total assets?
AMN Healthcare Services reported total assets of $2.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.4 billion a year earlier.
How much debt does AMN Healthcare Services have?
AMN Healthcare Services had $803.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.25.
How much cash does AMN Healthcare Services have?
AMN Healthcare Services held $34.0 million in cash and short-term investments at the end of fiscal 2025; with $803.2 million of debt that is net debt of $769.2 million.
What is AMN Healthcare Services's book value?
AMN Healthcare Services's shareholders' equity (book value) was $642.1 million at the end of fiscal 2025, or $16.67 per share.
What is AMN Healthcare Services's current ratio?
AMN Healthcare Services had current assets of $545.4 million and current liabilities of $577.6 million, a current ratio of 0.94 (current liabilities exceed current assets).
How much goodwill does AMN Healthcare Services have?
AMN Healthcare Services carried $1.0 billion of goodwill and intangible assets, 49.6% of total assets, at the end of fiscal 2025.