Pennant Group, Inc. (PNTG) Financial Statements
Industry: Health Services (Services)
In fiscal 2025, Pennant reported revenue of $947.7M, up 36.3% from $695.2M the year before. Net income was $29.6M (a 3.1% net margin), or $0.84 per diluted share. Gross margin was 5.5% and operating margin was 5.5%. Operating activities generated $48.3M of cash, leaving $36.3M of free cash flow. At fiscal year end, Pennant held $968.2M in total assets against $593.9M in total liabilities.
Open the full interactive Pennant financials → Quarterly statements, key ratios, valuation history and price charts.
Pennant Key Stats
| Share Price | $40.15 |
|---|---|
| Market Cap | $1.44B |
| P/E Ratio | 47.8 |
| Revenue YoY Growth | +36.3% |
| 52-Week Range | $23.64 – $42.48 |
| Shares Outstanding | 34.8 million (basic, 2026 Q2) |
Pennant Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $391.0M | $439.7M | $473.2M | $544.9M | $695.2M | $947.7M |
| Cost of Goods Sold | $372.0M | $435.0M | $460.5M | $519.7M | $657.1M | $895.8M |
| Gross Profit | $18.9M | $4.7M | $12.7M | $25.2M | $38.1M | $51.9M |
| Operating Income | $18.9M | $4.7M | $12.7M | $25.2M | $38.1M | $51.9M |
| Pre-Tax Income | $17.9M | $2.7M | $8.9M | $19.6M | $31.4M | $45.6M |
| Income Tax | $2.4M | $582,000 | $1.6M | $5.7M | $7.0M | $11.9M |
| Net Income | $15.7M | $2.7M | $6.6M | $13.4M | $22.6M | $29.6M |
| Diluted EPS | $0.52 | $0.09 | $0.22 | $0.44 | $0.70 | $0.84 |
Pennant Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $229.0M | $289.3M | $285.4M | $298.0M |
| Net Income | $6.1M | $8.6M | $8.5M | $9.1M |
| Diluted EPS | $0.17 | $0.24 | $0.24 | $0.25 |
Pennant Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $59.6M | $75.8M | $73.8M | $80.1M | $122.9M | $167.4M |
| Total Assets | $507.0M | $530.3M | $512.1M | $539.7M | $679.5M | $968.2M |
| Current Liabilities | $89.0M | $71.6M | $70.2M | $71.5M | $101.7M | $147.3M |
| Total Long-Term Debt | $8.3M | $51.4M | $62.9M | $63.9M | — | $168.8M |
| Total Liabilities | $405.8M | $416.1M | $386.5M | $394.2M | $367.6M | $593.9M |
| Shareholders' Equity | $101.2M | $114.2M | $125.7M | $145.5M | $312.0M | $374.3M |
Pennant Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $50.2M | -$18.2M | $9.0M | $33.1M | $39.3M | $48.3M |
| Cash From Investing | -$41.6M | -$20.1M | -$24.2M | -$30.2M | -$70.7M | -$228.0M |
| Cash From Financing | -$8.9M | $43.5M | $12.1M | $1.1M | $49.6M | $172.5M |
| Free Cash Flow | $43.0M | -$24.5M | -$5.1M | $25.0M | $30.3M | $36.3M |
| Dividends Paid | $0 | $0 | — | — | — | — |
Figures from Pennant's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Pennant financials page for every line item.
Pennant Company Profile
| Ticker | PNTG |
|---|---|
| Exchange | Nasdaq |
| Industry | Health Services (Services) |
| Headquarters | Eagle, Idaho |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001766400 |
Frequently Asked Questions
What was Pennant's revenue in fiscal 2025?
Pennant (PNTG) reported revenue of $947.7M for fiscal 2025.
What is Pennant's annual revenue history?
Pennant's annual revenue by fiscal year: 2020: $391.0M; 2021: $439.7M; 2022: $473.2M; 2023: $544.9M; 2024: $695.2M; 2025: $947.7M.
What was Pennant's net income in fiscal 2025?
Pennant reported net income of $29.6M for fiscal 2025.
What was Pennant's earnings per share (EPS) in fiscal 2025?
Pennant's diluted EPS was $0.84 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Pennant generate in fiscal 2025?
Pennant generated $36.3M of free cash flow in fiscal 2025.
What was Pennant's revenue last quarter?
In its most recent reported quarter (2026 Q2), Pennant reported revenue of $298.0M.
How much debt does Pennant have?
Pennant reported $168.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Pennant are outstanding?
Pennant reported a weighted average of 34.8 million basic shares outstanding in 2026 Q2.
What is Pennant's market cap?
Based on its latest closing price, Pennant (PNTG) has a market capitalization of about $1.44B.
When does Pennant's fiscal year end?
Pennant's fiscal year end, as registered with the SEC, is December 31.
Where is Pennant headquartered?
Pennant lists its business address in Eagle, Idaho in its SEC filings.