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AMN Healthcare AMN Physician and Leadership Solutions — Cost of revenue

Other segment segments

Nurse and Allied Solutions
$301.94M+3.9%
Technology and Workforce Solutions
$44.52M-2.5%

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Other financials

Income statement

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Revenue$673.2M+2.3%
Gross profit$205.9M+4.8%
Operating income$26.9M+122%
Net income$19.9M+115%
EPS (diluted)$0.53+118%

Balance sheet

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Cash & equivalents$390.5M+439%
Total debt$775.8M-12.4%
Total equity$741.3M+22.0%
Total assets$2.4B+6.9%

Cash flow

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Operating cash flow$562.5M+507%
CapEx$8.5M-12.9%
Free cash flow$555.2M+571%

Valuation

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Market cap$1.4B+124%
Enterprise value$1.78B+24.7%
P/E8.5×
P/S0.4×+0.2×

Profitability

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Gross margin27.8%-2.1pp
Operating margin-9.8%-14.2pp
Net margin4.8%+2.8pp
FCF margin20.7%+11.6pp

Returns & leverage

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Return on equity24.3%+14.7pp
Debt / equity-0.4×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by AMN Healthcare in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: AMN Healthcare’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054507
Line itemNurse and Allied SolutionsPhysician and Leadership SolutionsTechnology and Workforce SolutionsTotal
Revenue$421,968$164,582$86,687$673,237
Cost of revenue301,940120,89944,516467,355
Gross profit120,02843,68342,171205,882
Segment selling, general and administrative expenses61,78932,63720,065114,491
Depreciation (included in cost of revenue)(2,515)(2,515)
Segment operating income$58,239$11,046$24,62193,906
Unallocated corporate overhead23,045
Depreciation and amortization31,583

Item 1. Condensed Consolidated Financial Statements

FAQ

What is AMN Healthcare's physician and leadership solutions — cost of revenue?
AMN Healthcare (AMN) reported physician and leadership solutions — cost of revenue of $120.9M in Q2 2026.
How has AMN Healthcare's physician and leadership solutions — cost of revenue changed year-over-year?
AMN Healthcare's physician and leadership solutions — cost of revenue decreased by 3.6% year-over-year, from $125.37M to $120.9M.
What is the long-term trend for AMN Healthcare's physician and leadership solutions — cost of revenue?
Over 3 years (2022 to 2025), AMN Healthcare's physician and leadership solutions — cost of revenue has grown at a 3.4% compound annual growth rate (CAGR), from $457M to $504.5M.
What does physician and leadership solutions — cost of revenue mean?
Includes the direct costs associated with delivering physician and leadership staffing services, primarily consisting of compensation and benefits for placed professionals. Monitoring this helps evaluate the direct variable costs required to support the segment's revenue generation. It is essential for assessing the direct cost structure of the talent placement model.

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