Jun 2026 (Q2 FY26) — Aug 4, 2026
AdaptHealth Q2 FY26 — Strategic Portfolio Streamlining Amidst Capitated Contract Challenges
Read the full callAdaptHealth earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 740 | +12.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -18.6 | −28.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -134 | −1012.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $9.04 on 14 Oct 2025 → $6.39. High $13.38 (28 Apr 2026), low $5.22 (10 Aug 2026).
Overview
Call summaries
AdaptHealth Q2 FY26 — Strategic Portfolio Streamlining Amidst Capitated Contract Challenges
Read the full callEvery analysed call
Financials
Net profit, year on year: −1013% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 806 | 857 | 778 | 657 | 820 | 846 | 820 | 740 |
| Expenses | 742 | 759 | 755 | 624 | 759 | 920 | 814 | 884 |
| Operating profit | 63 | 98 | 23 | 66 | 62 | -73 | 5 | -138 |
| Operating margin | 7.9% | 11.4% | 3.0% | 10.0% | 7.5% | −8.7% | 0.7% | −18.6% |
| Interest | 31 | — | — | — | — | — | — | — |
| Profit before tax | 32 | 71 | -5 | 38 | 36 | -98 | -20 | -165 |
| Tax rate | 25.2% | 27.3% | −16.3% | 85.9% | 29.2% | −3.6% | 26.0% | 12.8% |
| Net profit | 23 | 50 | -7 | 15 | 25 | -103 | -16 | -134 |
| EPS ($ per share) | 0.16 | — | -0.05 | 0.10 | 0.17 | — | -0.12 | -0.99 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | — | — | 0 | 0 | 0 | 0 | 0 |
| Reserves | -13 | -40 | -199 | -43 | 26 | -653 | -562 | -633 |
| Total liabilities | 266 | 612 | 1,533 | 3,184 | 3,062 | 3,042 | 2,909 | 2,790 |
| Fixed assets | 62 | 64 | 110 | 399 | 487 | 495 | 475 | 503 |
| Total assets | 369 | 547 | 1,813 | 5,250 | 5,220 | 4,509 | 4,487 | 4,317 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 68 | 60 | 196 | 276 | 374 | 481 | 542 | 602 |
| Cash from investing | -96 | -85 | -816 | -1,825 | -411 | -357 | -310 | -303 |
| Cash from financing | 49 | 76 | 643 | 1,599 | -66 | -93 | -199 | -302 |
| Net cash flow | 21 | 52 | 23 | 50 | -103 | 31 | 33 | -4 |
| Capital expenditure | -10 | -21 | -40 | -203 | -391 | -337 | -306 | -382 |
| Free cash flow | 58 | 39 | 156 | 72 | -18 | 143 | 236 | 219 |
42 filings between Dec 4, 2025 and Sep 9, 2026.
Purchases
$49.21M
15 purchases by 5 insiders
Sales
$278.3K
3 sales by 2 insiders
67% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CASHIN RICHARD M JR | $24.35M | — | Mar 20, 2026 |
| OEP VII GP, L.L.C. | $24.35M | — | Mar 20, 2026 |
| WOLF DALE B | $314.9K | — | Aug 7, 2026 |
| Schuster III Russell E. | — | $231.1K | Jul 1, 2026 |
| SAMET KENNETH A | $149.9K | — | Aug 6, 2026 |
| Williams David Solomon III | — | $47.1K | Dec 4, 2025 |
| Rew Richard W. II | $44.5K | — | Feb 26, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | CURRIE HARRISS T CHIEF FINANCIAL OFFICER | Award | 141,372 | $0 |
| Aug 7, 2026 | WOLF DALE B Director | Purchase | 20,000 | $117.2K |
| Aug 6, 2026 | WOLF DALE B Director | Purchase | 20,000 | $126.0K |
| Aug 6, 2026 | SAMET KENNETH A Director | Purchase | 23,500 | $149.9K |
| Jul 1, 2026 | Schuster III Russell E. Chief Commercial Officer | Sale 10b5-1 plan | 11,275 | $117.7K |
| Jun 24, 2026 | Connors Terence J Director | Award | 18,999 | $0 |
| Jun 24, 2026 | Weaver Susan T Director | Award | 18,999 | $0 |
| Jun 24, 2026 | Williams David Solomon III Director | Award | 18,999 | $0 |
| Jun 24, 2026 | SAMET KENNETH A Director | Award | 18,999 | $0 |
| Jun 24, 2026 | Lundberg Theodore B. Director | Award | 18,999 | $0 |
| Jun 24, 2026 | SAMET KENNETH A Director | Award | 6,070 | $60.0K |
| Jun 24, 2026 | WOLF DALE B Director | Award | 18,999 | $0 |
| Jun 24, 2026 | Coppens Bradley J Director | Award | 18,999 | $0 |
| Jun 24, 2026 | BELINFANTI GREGORY Director | Award | 18,999 | $0 |
| Jun 1, 2026 | Schuster III Russell E. Chief Commercial Officer | Sale 10b5-1 plan | 11,275 | $113.4K |
| May 27, 2026 | McFadden Daniel Edward Chief Operating Officer | Award | 20,134 | $0 |
| Mar 20, 2026 | OEP VII GP, L.L.C. 10% owner | Purchase | 447,100 | $4.43M |
| Mar 20, 2026 | CASHIN RICHARD M JR 10% owner | Purchase | 447,100 | $4.43M |
| Mar 19, 2026 | OEP VII GP, L.L.C. 10% owner | Purchase | 727 | $7.2K |
| Mar 19, 2026 | CASHIN RICHARD M JR 10% owner | Purchase | 727 | $7.2K |
| Mar 13, 2026 | Prast Albert A. Chief Technology Officer | Tax withheld | 58,203 | $601.2K |
| Mar 12, 2026 | OEP VII GP, L.L.C. 10% owner | Purchase | 689,336 | $6.71M |
| Mar 12, 2026 | CASHIN RICHARD M JR 10% owner | Purchase | 689,336 | $6.71M |
| Mar 11, 2026 | OEP VII GP, L.L.C. 10% owner | Purchase | 536,827 | $5.22M |
| Mar 11, 2026 | CASHIN RICHARD M JR 10% owner | Purchase | 536,827 | $5.22M |
| Mar 10, 2026 | OEP VII GP, L.L.C. 10% owner | Purchase | 820,528 | $7.98M |
| Mar 10, 2026 | CASHIN RICHARD M JR 10% owner | Purchase | 820,528 | $7.98M |
| Mar 5, 2026 | Weaver Susan T Director | Gift | 73,472 | $0 |
| Mar 5, 2026 | Weaver Susan T Director | Gift | 73,472 | $0 |
| Feb 27, 2026 | WOLF DALE B Director | Purchase | 8,000 | $71.7K |
| Feb 26, 2026 | Rew Richard W. II CLO and General Counsel | Purchase | 5,000 | $44.5K |
| Jan 30, 2026 | McFadden Daniel Edward Chief Business Systems Officer | Award | 29,284 | $0 |
| Jan 30, 2026 | Prast Albert A. Chief Technology Officer | Award | 63,449 | $0 |
| Jan 30, 2026 | Clemens Jason A Chief Financial Officer | Award | 126,899 | $0 |
| Jan 30, 2026 | Archbold Christine E. Chief Accounting Officer | Award | 32,213 | $0 |
| Jan 30, 2026 | Foster Suzanne Chief Executive Officer | Award | 329,449 | $0 |
| Jan 30, 2026 | Barnhart Toby Scott Chief Operating Officer | Award | 68,330 | $0 |
| Jan 30, 2026 | Schuster III Russell E. Chief Commercial Officer | Award | 48,807 | $0 |
| Jan 30, 2026 | Rew Richard W. II CLO and General Counsel | Award | 53,688 | $0 |
| Jan 9, 2026 | BELINFANTI GREGORY Director | Award | 11,776 | $0 |
| Jan 9, 2026 | Lundberg Theodore B. Director | Award | 13,740 | $0 |
| Dec 4, 2025 | Williams David Solomon III Director | Sale | 5,000 | $47.1K |
| Aug 22, 2025 | Williams David Solomon III Director | Sale | 8,200 | $79.8K |
| Jun 26, 2025 | WOLF DALE B Director | Award | 21,346 | $0 |
| Jun 26, 2025 | BELINFANTI GREGORY Director | Award | 21,346 | $0 |
| Jun 26, 2025 | BELINFANTI GREGORY Director | Award | 6,740 | $0 |
| Jun 26, 2025 | Weaver Susan T Director | Award | 21,346 | $0 |
| Jun 26, 2025 | Connors Terence J Director | Award | 21,346 | $0 |
| Jun 26, 2025 | Lundberg Theodore B. Director | Award | 21,346 | $0 |
| Jun 26, 2025 | Lundberg Theodore B. Director | Award | 7,864 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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