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Cross Country Healthcare (CCRN) investor relations material
Cross Country Healthcare Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $250.1 million, down 20.6%–21% year-over-year, with gross profit margin steady at 20.4% and Homecare Staffing revenue growing over 29% to offset declines in other segments.
Net loss attributable to common stockholders was $4.8 million for Q3 2025, compared to net income of $2.6 million in Q3 2024 and a net loss of $6.7 million in the prior quarter.
Cash and cash equivalents totaled $99.1 million as of September 30, 2025, with no debt outstanding and no borrowings under the revolving credit facility.
Positive operating cash flow of $20.1 million for the quarter and $30.0 million for the nine months ended September 30, 2025.
The pending Aya Merger remains subject to regulatory review, with the closing date potentially delayed due to a government shutdown.
Financial highlights
Q3 2025 revenue: $250.1 million, down 20.6%–21% year-over-year.
Q3 2025 net loss: $4.8 million, versus net income of $2.6 million in Q3 2024.
Nine months ended September 30, 2025 revenue: $817.5 million, down 20.9%–21% year-over-year, with a net loss of $11.9 million.
Adjusted EBITDA for the quarter was $6.5 million (2.6% margin), down from $10.3 million (3.3%) last year.
Operating expenses included $4.1 million in acquisition and integration costs and $1.5 million in restructuring costs for the quarter.
Outlook and guidance
Management expects continued pressure on volumes in core staffing segments, with Homecare Staffing showing growth.
No forward-looking guidance provided due to the pending merger with Aya Healthcare.
The pending Aya Merger introduces uncertainty regarding future operations and public listing status.
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