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PACS Group PACS California and Nevada — Coverage floor

Other geography segments

All States, Excluding Colorado, Kansas, and Pennsylvania
$3M+300%
Colorado, Kansas and Pennsylvania
$3M+300%
Non-California
$750K+300%

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AIGCalifornia — Percentage of mortgage loans in geographic area
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PECOCalifornia — Concentration risk (as a percent)
11.3%+0.3pp

Other financials

Income statement

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Revenue$1.4B+11.2%
Gross profit$346.0M+36.5%
Operating income$120.0M+149%
Net income$80.7M+183%
EPS (diluted)$0.50+194%

Balance sheet

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Cash & equivalents$273.7M-5.8%
Total debt$3.5B-3.2%
Total equity$1.0B+38.2%
Total assets$5.7B+3.1%

Cash flow

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Operating cash flow$236.3M+57.3%
CapEx$21.8M+23.2%
Free cash flow$214.5M+61.9%

Valuation

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Market cap$5.91B+189%

Profitability

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Gross margin23%+3.7pp
Operating margin7%+4.6pp
Net margin4.5%+3.4pp
FCF margin7.7%

Returns & leverage

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Return on equity27.3%+15.8pp
Debt / equity3.3×-1.4×
Current ratio0.0×

Where this comes from

Reported directly by PACS Group in its filing.

Tagged under the XBRL concept us-gaap:MalpracticeInsuranceCoverageFloor.

The official record: PACS Group’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PACS Group's california and nevada — coverage floor?
PACS Group (PACS) reported california and nevada — coverage floor of $500K in Q1 2026.
How has PACS Group's california and nevada — coverage floor changed year-over-year?
PACS Group's california and nevada — coverage floor increased by 300.0% year-over-year, from $125K to $500K.
What does california and nevada — coverage floor mean?
This metric represents the minimum threshold of insurance or risk-sharing coverage applicable to the California and Nevada geographic segment. It defines the baseline level of protection provided for operational liabilities within these specific state markets. Monitoring this floor helps investors assess the company's risk exposure and the adequacy of its financial safeguards in high-cost regulatory environments.