---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-010560"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:18:08.727793+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AMS reports FY2025 net loss $1.6M; extends Orlando Health proton lease through 2033

## Summary
- Total revenue $28.1M, down 0.9% YoY; net loss $1.6M vs net income $2.2M in 2024.
- Direct patient care revenue up 23.7% to $15.5M; leasing revenue down 19.2% to $12.6M.
- Seven-year proton therapy lease extension with Orlando Health through 2033.
- Gross margin fell to 18% from 32% due to shift to lower-margin direct patient care.
- Company not meeting certain credit facility covenants; discussions with lender ongoing.

## SEC filing metadata
- accession: 0001437749-26-010560
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774926010560/0001437749-26-010560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774926010560/asha20260331_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-010560
- JSON: https://secwatch.observer/filing/0001437749-26-010560.json
- Plain text: https://secwatch.observer/filing/0001437749-26-010560.txt

## Key facts
- Earnings Releases
  AMERICAN SHARED HOSPITAL SERVICES reported financial results for the fourth quarter ended December 31, 2025.
  - Period: the fourth quarter ended December 31, 2025
  - Result: reported results
  source text: On March 31, 2026, American Shared Hospital Services (the “Company”) issued a press release announcing its financial results for the fourth quarter and year-end 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774926010560/0001437749-26-010560-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.