AMN Healthcare Services, Inc. (AMN) Income Statement
AMN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAMN revenue and net income
Where AMN's revenue goes
2025Each bar shows an amount and its share of revenue. AMN kept −3.5% of revenue as net income.
AMN profit margins
AMN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.5% | −19.5% | +2.7% | +6.4% |
| Gross profit | −15.8% | −23.3% | −0.5% | +5.1% |
| Operating income | — | −62.9% | −26.0% | −12.7% |
| Net income | — | — | — | — |
| EPS (diluted) | −58.9% | −51.4% | −16.9% | −1.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AMN quarterly EPS vs estimates
AMN Healthcare Services beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.22).
AMN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.73B | $2.98B | $3.79B | $5.24B | $3.98B | $2.39B | $2.22B | $2.14B | $1.99B | $1.90B |
| Cost of revenue | $1.96B | $2.06B | $2.54B | $3.53B | $2.67B | $1.60B | $1.48B | $1.44B | $1.34B | $1.28B |
| Gross profit | $774.1M | $919.4M | $1.25B | $1.72B | $1.31B | $791.8M | $743.5M | $696.4M | $644.4M | $619.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $593.0M | $632.5M | $756.2M | $936.6M | $730.5M | $549.7M | $508.0M | $452.3M | $399.7M | $398.5M |
| Total operating expenses | $740.9M | $1.02B | $911.2M | $1.07B | $831.6M | $642.5M | $566.5M | $493.6M | $432.0M | $428.1M |
| Operating income | $33.2M | −$102.7M | $338.4M | $647.1M | $478.0M | $149.3M | $176.9M | $202.8M | $212.4M | $191.6M |
| Interest income | $45.6M | $69.9M | $54.1M | $40.4M | $34.1M | $57.7M | $28.4M | $16.1M | $19.7M | $15.5M |
| Interest expense | $45.6M | $69.9M | $54.1M | $40.4M | $34.1M | $57.7M | $28.4M | $16.1M | $19.7M | $15.5M |
| Income before taxes | −$101.1M | −$172.6M | $284.3M | $606.7M | $443.9M | $91.5M | $148.5M | $186.7M | $192.8M | $176.2M |
| Income taxes | −$5.4M | −$25.6M | $73.6M | $162.7M | $116.5M | $20.9M | $34.5M | $44.9M | $60.2M | $70.3M |
| Net income | −$95.7M | −$147.0M | $210.7M | $444.1M | $327.4M | $70.7M | $114.0M | $141.7M | $132.6M | $105.8M |
| EBITDA | $101.1M | $71.1M | $499.4M | $784.2M | $581.7M | $243.5M | $235.4M | $244.1M | $244.7M | $221.3M |
| EPS (diluted) | $1.36 | $3.31 | $8.16 | $11.85 | $8.02 | $3.44 | $3.18 | $3.29 | $2.56 | $2.45 |
| Gross margin | 28.3% | 30.8% | 33.0% | 32.7% | 32.9% | 33.1% | 33.5% | 32.6% | 32.4% | 32.6% |
| Operating margin | 1.2% | −3.4% | 8.9% | 12.3% | 12.0% | 6.2% | 8.0% | 9.5% | 10.7% | 10.1% |
| Net margin | −3.5% | −4.9% | 5.6% | 8.5% | 8.2% | 3.0% | 5.1% | 6.6% | 6.7% | 5.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $673.2M | $1.38B | $748.2M | $634.5M | $658.2M | $689.5M | $734.7M | $687.5M | $740.7M | $820.9M | $818.3M | $853.5M |
| Cost of revenue | $467.4M | $1.01B | $553.1M | $450.1M | $461.8M | $491.4M | $515.7M | $474.5M | $554.0M | $606.1M | $598.6M | $564.0M |
| Gross profit | $205.9M | $368.8M | $195.1M | $184.4M | $196.4M | $198.1M | $219.0M | $213.1M | $186.7M | $214.8M | $219.6M | $289.5M |
| Sales, general & admin | $147.4M | $218.4M | $152.1M | $138.6M | $154.6M | $147.7M | $158.9M | $149.7M | $149.0M | $174.8M | $570.8M | $163.4M |
| Total operating expenses | $179.0M | $251.7M | $187.0M | $176.0M | $320.1M | $185.6M | $421.5M | $190.8M | $149.0M | $174.8M | $185.5M | $202.6M |
| Operating income | $26.9M | $117.2M | $8.2M | $8.4M | −$123.7M | $12.5M | −$202.6M | $22.3M | $37.7M | $39.9M | $34.2M | $86.9M |
| Interest income | — | — | $12.3M | $9.6M | $11.4M | $12.3M | $23.1M | $14.4M | — | — | — | $11.5M |
| Interest expense | $7.0M | $6.7M | $12.3M | $9.6M | $11.4M | $12.3M | $23.1M | $14.4M | $15.7M | $16.6M | $20.2M | $11.5M |
| Income before taxes | $19.9M | $110.5M | −$4.2M | $38.0M | −$135.1M | $183,000 | −$225.7M | $7.8M | $22.0M | $23.3M | $14.0M | $75.4M |
| Income taxes | −$1.3M | $48.3M | $3.5M | $8.7M | −$18.9M | $1.3M | −$38.1M | $819,000 | $5.7M | $6.0M | $1.5M | $22.2M |
| Net income | $21.2M | $62.2M | −$7.7M | $29.3M | −$116.2M | −$1.1M | −$187.5M | $7.0M | $16.2M | $17.3M | $12.5M | $53.2M |
| EBITDA | $61.0M | $152.8M | $45.3M | $87.2M | −$83.8M | $52.4M | −$161.1M | $65.3M | $82.4M | $84.5M | $77.3M | $127.7M |
| EPS (diluted) | $0.77 | $2.10 | $0.22 | $0.39 | $0.30 | $0.45 | $0.75 | $0.61 | $0.98 | $0.97 | $1.32 | $1.97 |
| Gross margin | 30.6% | 26.8% | 26.1% | 29.1% | 29.8% | 28.7% | 29.8% | 31.0% | 25.2% | 26.2% | 26.8% | 33.9% |
| Operating margin | 4.0% | 8.5% | 1.1% | 1.3% | −18.8% | 1.8% | −27.6% | 3.2% | 5.1% | 4.9% | 4.2% | 10.2% |
| Net margin | 3.1% | 4.5% | −1.0% | 4.6% | −17.7% | −0.2% | −25.5% | 1.0% | 2.2% | 2.1% | 1.5% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AMN's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AMN financial results
In fiscal year 2025 (ended December 31, 2025), AMN Healthcare Services reported revenue of $2.7 billion, down 8.5% from the year before. It had a net loss of $95.7 million, a net profit margin of −3.5%. Diluted earnings per share came to $1.36. Over five years revenue grew at an average rate of 2.7% a year.
See the AMN stock overview for the latest quote and news, or the AMN chart for price history and technical indicators.
AMN income statement FAQ
What is AMN Healthcare Services's annual revenue?
AMN Healthcare Services reported total revenue of $2.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 8.5% from $3.0 billion the previous year.
Is AMN Healthcare Services profitable?
No. AMN Healthcare Services reported a net loss of $95.7 million in fiscal 2025, a net profit margin of −3.5%; its operating margin was 1.2%.
What is AMN Healthcare Services's gross margin?
AMN Healthcare Services's gross margin was 28.3% in fiscal 2025: for every $100 of revenue, AMN Healthcare Services kept $28 after the direct cost of its products and services.
How fast is AMN Healthcare Services growing?
Revenue grew 2.7% a year on average over the last five fiscal years, from $2.4 billion to $2.7 billion.
What are AMN Healthcare Services's earnings per share?
AMN Healthcare Services earned $1.36 per diluted share in fiscal 2025, compared with $3.31 a year earlier.
When will AMN Healthcare Services report its next earnings?
AMN Healthcare Services is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does AMN Healthcare Services's fiscal year end?
AMN Healthcare Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.