AMN Healthcare Services (NYSE:AMN) Announces Earnings Results

AMN Healthcare Services (NYSE:AMN) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22, FiscalAI reports. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%. The company had revenue of $748.23 million during the quarter, compared to the consensus estimate of $723.11 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year.

Here are the key takeaways from AMN Healthcare Services’ conference call:

• The company reported an outsized impact from labor disruptions, with Q4 labor disruption revenue of $124 million and is assuming roughly $600 million of strike-related revenue in Q1, which materially boosted near-term revenue, cash flow, and operating leverage while the events also reduced consolidated gross margin.
• AMN strengthened its balance sheet in 2025, reducing debt by $285 million, ending the year with net leverage ~3.3x and saying it expects to be below 3.0x on an LTM basis in Q1, improving financial flexibility.
• Management emphasized investments in technology and AI enablement (recruiting, credentialing, event management and VMS enhancements) and said its event management system proved effective in high-demand strike events, which the company views as a durable competitive advantage and margin-scaling opportunity.
• Operational headwinds persist in parts of the business—Technology & Workforce Solutions revenue fell 18% YoY (language services and VMS pressured), Nurse & Allied revenue excluding disruption was down YoY (though sequentially improving), and consolidated gross margin has declined materially year-over-year.
• For the longer term AMN reiterates a path to sustainable organic growth of 4%–6% (ex-disruption) and 10%–15% adjusted EBITDA growth via market recovery, share gains and cost leverage, but these are forward-looking company targets subject to change.

AMN Healthcare Services Stock Up 1.2%

Shares of AMN stock opened at $17.29 on Friday. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $30.49. The stock has a market cap of $664.11 million, a price-to-earnings ratio of -2.40 and a beta of 0.22. The firm’s 50-day moving average is $17.73 and its 200-day moving average is $18.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05.

Key Headlines Impacting AMN Healthcare Services

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: Q4 revenue beat — AMN reported Q4 revenue of about $748M, above Street estimates (~$723M), which investors saw as evidence of demand resilience. AMN Healthcare Services (NYSE:AMN) Posts Better-Than-Expected Sales In Q4 CY2025, Stock Jumps 10.8%
• Positive Sentiment: Large Q1 labor-disruption revenue expected — Management outlined about $600M of revenue tied to labor‑disruption demand for Q1 2026, providing a near‑term revenue boost and supporting the bullish reaction. AMN Healthcare outlines $600M labor disruption revenue for Q1 2026 while targeting 4%-6% organic growth beyond 2026
• Positive Sentiment: Management set a multi‑year growth target — The company is targeting 4%–6% organic growth beyond 2026, signaling confidence in secular demand for staffing and workforce solutions. AMN Healthcare outlines $600M labor disruption revenue for Q1 2026 while targeting 4%-6% organic growth beyond 2026
• Neutral Sentiment: EPS met estimates but fell sharply year‑over‑year — Adjusted EPS was $0.22, in line with consensus, but down from $0.75 a year ago; GAAP showed a loss (GAAP loss of $0.20/share). This mixed print tempers the revenue beat. UPDATE – AMN Healthcare Announces Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Earnings call / slides available — Management discussed how they’re navigating growth and the drivers of Q1; investors should review the call transcript and slide deck for color on margin drivers and timing of the labor-disruption revenue. AMN Healthcare Services Inc (AMN) Q4 2025 Earnings Call Highlights: Navigating Growth Amidst …
• Negative Sentiment: Profitability and margin pressure remain — The company reported a negative net margin (~-10%) and a GAAP loss; EPS decline year‑over‑year highlights margin pressure and dependence on temporary demand spikes, which may limit sustainable upside. AMN Healthcare Services Earnings Summary (MarketBeat)

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares during the last quarter. Swiss National Bank raised its position in shares of AMN Healthcare Services by 1.9% in the fourth quarter. Swiss National Bank now owns 75,600 shares of the company’s stock valued at $1,191,000 after purchasing an additional 1,400 shares during the period. Creative Planning raised its position in shares of AMN Healthcare Services by 11.0% in the third quarter. Creative Planning now owns 14,664 shares of the company’s stock valued at $284,000 after purchasing an additional 1,451 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of AMN Healthcare Services by 6.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company’s stock worth $606,000 after buying an additional 1,679 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Finally, Citizens Jmp cut their price target on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.42.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.