AdaptHealth Corp.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

AHCO$7.35+0.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets— and

(in thousands, except share and per share data)

	December 31,2025	December 31,2024
Assets
Current assets:
Cash	$106,136	$109,747
Accounts receivable	370,897	408,019
Inventory	151,247	139,842
Prepaid and other current assets	100,619	45,432
Assets held for sale	—	52,748
Total current assets	728,899	755,788
Equipment and other fixed assets, net	509,956	474,556
Operating lease right-of-use assets	111,968	105,999
Finance lease right-of-use assets	52,300	37,801
Goodwill	2,541,428	2,675,166
Identifiable intangible assets, net	85,121	105,548
Deferred tax assets	267,786	314,505
Other assets	19,119	17,584
Total Assets	$4,316,577	$4,486,947
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued expenses	$553,700	$437,985
Current portion of long-term debt	20,313	16,250
Current portion of operating lease obligations	30,728	29,945
Current portion of finance lease obligations	17,702	14,315
Contract liabilities	59,843	34,944
Other liabilities	30,106	26,505
Liabilities held for sale	—	7,043
Total current liabilities	712,392	566,987
Long-term debt, less current portion	1,715,983	1,964,921
Operating lease obligations, less current portion	85,470	80,275
Finance lease obligations, less current portion	32,604	24,630
Other long-term liabilities	243,804	272,016
Total Liabilities	2,790,253	2,908,829
Commitments and contingencies (Note 18)
Stockholders' Equity:
Common Stock, par value of $0.0001 per share, 300,000,000 shares authorized and 135,450,364 and 134,602,317 shares issued and outstanding as of December 31, 2025 and 2024, respectively	13	13
Preferred Stock, par value of $0.0001 per share, 5,000,000 shares authorized; 124,060 shares issued and outstanding as of December 31, 2025 and 2024	1	1
Treasury stock, at cost (2,935,035 shares as of December 31, 2025 and 2024)	(25,548)	(25,548)
Additional paid-in capital	2,176,990	2,156,604
Accumulated deficit	(632,972)	(562,178)
Accumulated other comprehensive income	78	2,253
Total stockholders' equity attributable to AdaptHealth Corp.	1,518,562	1,571,145
Noncontrolling interest in subsidiary	7,762	6,973
Total Stockholders' Equity	1,526,324	1,578,118
Total Liabilities and Stockholders' Equity	$4,316,577	$4,486,947

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.