Amn Healthcare Services Inc · NYSE:AMN
Amn Healthcare Services — Q2 2026 Earnings Presentation
15 slides from Amn Healthcare Services's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026 Financial Report Supplement Slides
Q2 2026 Financial Report Supplement Slides August 6, 2026 THE LEADER AND INNOVATOR IN TOTAL TALENT SOLUTIONS
Slide 2: Non-GAAP Measures
Non-GAAP Measures This presentation contains certain financial measures that are not in accordance with generally accepted accounting principles in the United States (“GAAP”) or with rules adopted by the SEC that apply to registration statements under the Securities Act of 1933, as amended, and peri
Slide 3: Forward-Looking Statements
Forward-Looking Statements Statements in this “Q1 2026 Financial Report Supplement Slides” contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forwar
Slide 4: Q2 2026 Summary Financial Results
Q2 2026 Summary Financial Results Consolidated Q2 2026 Income Statement Summary Nurse & Allied Solutions Revenue vs. Guidance Guidance Range Guidance Range Q2 2026 Low High $ Millions Q2 2026 Low High Q2 2025 Labor Disruption Revenue 25 10 10 Revenue $ 673.2 $ 620 $ 635 $ 658.2 Other Nurse & Allied
Slide 5: Nurse & Allied Solutions Trends
Nurse & Allied Solutions Trends $s Millions Revenue Trend Segment Operating Margin Trend $1,127 $153 $722 $491 $422 $382 $361 $58 $25 $16 $12 $124 $36 $146 $147 $151 $157 $28 $29 13.6% 13.8% $142 $220 $207 $220 $254 $239 7.5% 7.4% 8.0% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Oper
Slide 6: Physician & Leadership Solutions Trends
Physician & Leadership Solutions Trends $s Millions Revenue Trend Segment Operating Margin Trend $175 $178 $16 $170 $164 $165 $9 $9 $9 $13 $23 $23 $10 $12 $13 $24 $23 $22 $11 $11 8.8% $143 $146 $136 $131 $131 7.7% 7.6% 6.6% 6.7% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Locum Tenen
Slide 7: Technology & Workforce Solutions Trends
Technology & Workforce Solutions Trends $s Millions Revenue Trend Segment Operating Margin Trend $102 $35 $95 $7 $3 $88 $87 $87 $31 $2 $2 $2 $19 $17 $25 $25 $25 $16 $16 $15 34.6% 32.6% $76 $75 $70 $69 $70 28.3% 29.0% 28.4% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Language Services
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Balance Sheet Highlights Cash Flow Summary $s Millions 6/30/2026 3/31/2026 $s Millions Q2 2026 Q2 2025 Cash & Cash Equivalents $362 $561 Gross Cash Flow $25 $37 Accounts Receivable, net $383 $395 Working Capital Changes ($215) $41 Total Current Assets $869 $1,137 Net Cash
Slide 9: Q3 2026 Financial Guidance
Income Statement Assumptions $s Millions Low High Consolidated Revenue $640 $655 Segment Revenue Year-over-year Rates of Change Nurse & Allied Solutions 9% 11% Physician & Leadership Solutions (7%) (5%) Q3 2026 Technology & Workforce Solutions (13%) Margin Guidance (11%) Financial Gross Margin SG&A
Slide 10: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) Three Months Ended June 30, (Dollars in thousands) 2026 2025 Net Income (loss) $ 21,160 $ (116,202) Income tax benefit (1,261) (18,873) Income (loss) before income taxes 19,899 (135,075) Interest expense, net, and other 7,009 11,360 Income (loss) from ope
Slide 11: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) Three Months Ended June 30, (Dollars in thousands) 2026 2025 Net income (loss) $ 21,160 $ (116,202) Adjustments: Amortization of intangible assets 17,500 19,608 Acquisition, integration, and other costs (2) 2,496 5,515 Goodwill impairment loss — 109,515 L
Slide 12: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) Second Third Fourth First Second (Dollars in thousands) Quarter Quarter Quarter Quarter Quarter 2025 2025 2025 2026 2026 Revenue Nurse and allied solutions $ 381,871 $ 361,476 $ 490,710 $1,127,342 $ 421,968 Physician and leadership solutions 174,531 178,2
Slide 13: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) Three Months Ended June 30, (Dollars in thousands) 2026 2025 Net cash provided by (used in) operating activities $ (189,930) 78,548 Purchase and development of fixed assets (8,534) (9,800) Free cash flow (14) $ (198,464) $ 68,748 As of June 30, 2026 2025
Slide 14: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) (1) A portion of depreciation expense for AMN Language Services is included in cost of revenue. We exclude the impact of depreciation included in cost of revenue from the calculation of adjusted EBITDA. (2) Acquisition, integration, and other costs includ
Slide 15: Reconciliation of Non-GAAP Items (Unaudited)
Reconciliation of Non-GAAP Items (Unaudited) (7) Adjusted net income represents GAAP net income (loss) excluding the impact of the (A) amortization of intangible assets, (B) acquisition, integration, and other costs, (C) goodwill impairment loss, (D) long-lived assets impairment loss, (E) tax effect
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