AdaptHealth Corp.
For the period ended May 5, 2026. Filed May 5, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 5, 2026 · Filed May 5, 2026
Contents
EX-99.1 · EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin
EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin
This press release presents AdaptHealth’s EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin for thethree months ended March 31, 2026 and 2025.
AdaptHealth defines EBITDA as net income (loss) attributable to AdaptHealth Corp., plus net income (loss) attributable to noncontrolling interests, interest expense, net, income tax expense (benefit), and depreciation and amortization, including patient equipment depreciation.
AdaptHealth defines Adjusted EBITDA as EBITDA (as defined above), plus equity-based compensation expense, litigation settlement expense, and other non-recurring items of expense or income.
AdaptHealth defines Adjusted EBITDA Margin as Adjusted EBITDA (as defined above) as a percentage of net revenue.
The following unaudited table presents the reconciliation of net loss attributable to AdaptHealth Corp. to EBITDA and Adjusted EBITDA, and the reconciliation of net loss attributable to AdaptHealth Corp. as a percentage of net revenue to Adjusted EBITDA Margin, for the three months ended March 31, 2026 and 2025:
| Three Months Ended March 31, | |||||
|---|---|---|---|---|---|
| 2026 · 2025 | |||||
| (in thousands, except percentages) · Dollars · Revenue Percentage · Dollars · Revenue Percentage | |||||
| Net loss attributable to AdaptHealth Corp. | $(16,040) | (2.0)% | $(7,207) | (0.9)% | |
| Income attributable to noncontrolling interest | 1,167 | 0.2% | 1,128 | 0.1% | |
| Interest expense, net | 25,594 | 3.1% | 28,399 | 3.7% | |
| Income tax (benefit) expense | (5,232) | (0.6)% | 850 | 0.1% | |
| Depreciation and amortization, including patient equipment depreciation | 106,469 | 13.0% | 94,345 | 12.1% | |
| EBITDA | 111,958 | 13.7% | 117,515 | 15.1% | |
| Equity-based compensation expense (a) | 6,532 | 0.8% | 5,296 | 0.7% | |
| Litigation settlement expense (b) | 500 | 0.1% | — | —% | |
| Other non-recurring expenses, net (c) | 2,203 | 0.2% | 5,127 | 0.6% | |
| Adjusted EBITDA | $121,193 | 14.8% | $127,938 | 16.4% | |
| Adjusted EBITDA Margin | 14.8% | 16.4% | |||
| (a) | Represents equity-based compensation expense for awards granted to employees and non-employee directors. |
| (b) | Represents an estimated expense to settle a shareholder derivative complaint. |
| (c) | The 2026 period consists of $1.6 million of consulting expenses associated with asset dispositions and $0.9 million of transaction costs associated with acquisitions, partially offset by $0.3 million of other net non-recurring income. The 2025 period consists of $2.3 million of consulting expenses associated with asset dispositions, $1.6 million of consulting expenses associated with systems implementation activities, and $1.2 million of other non-recurring expenses. |
-8 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.