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AdaptHealth AHCO Stock-Based Comp

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Other financials

Income statement

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Revenue$819.8M+5.4%
Gross profit$111.5M-7.4%
Operating income$5.5M-76.3%
Net income-$16.0M-123%
EPS (diluted)-$0.12-140%

Balance sheet

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Cash & equivalents$48.0M-10.6%
Total debt$2.0B-4.9%
Total equity$1.5B-3.9%
Total assets$4.4B-0.3%

Cash flow

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Operating cash flow$93.7M-1.9%
CapEx$121.2M+26.8%
Free cash flow-$27.5M-47,297%

Valuation

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Market cap$806.46M-39.5%
Enterprise value$2.76B-14.2%
P/S0.3×-0.2×

Profitability

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Gross margin18.3%-1.6pp
Operating margin8%+6.9pp
Net margin-2.4%-5.1pp
FCF margin5.8%-2.6pp

Returns & leverage

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Return on equity-5.2%-10.8pp
Debt / equity1.3×0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by AdaptHealth in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: AdaptHealth’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030602
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net loss$(14,873)$(6,079)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization, including patient equipment depreciation106,46994,345
Equity-based compensation6,5325,296
Reduction in the carrying amount of operating lease right-of-use assets10,6597,490
Reduction in the carrying amount of finance lease right-of-use assets5,0463,374
Deferred income tax benefit(5,600)(776)
Amortization of deferred financing costs1,1861,283

Item 1. Interim Consolidated Financial Statements (Unaudited)

FAQ

What is AdaptHealth's stock-based comp?
AdaptHealth (AHCO) reported stock-based comp of $6.53M in Q1 2026.
How has AdaptHealth's stock-based comp changed year-over-year?
AdaptHealth's stock-based comp increased by 23.3% year-over-year, from $5.3M to $6.53M.
What is the long-term trend for AdaptHealth's stock-based comp?
Over 4 years (2021 to 2025), AdaptHealth's stock-based comp has grown at a -3.6% compound annual growth rate (CAGR), from $25.32M to $21.88M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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