---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021362"
form_type: "8-K"
ticker: null
cik: "0001910851"
company_name: "R1 RCM Inc. /DE"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T13:51:11.374036+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# R1 RCM Q1 revenue up 10.7% to $603.9M; GAAP net loss of $35.1M on cyberattack impact

## Summary
- Revenue $603.9M (+10.7% YoY); GAAP net loss $35.1M vs net income $1.6M prior year.
- Adjusted EBITDA $152.2M vs $142.2M prior year; $9.5M hit from Change Healthcare cyberattack and modular customer bankruptcy.
- FY2024 guidance updated: revenue $2.60-$2.64B; adjusted EBITDA $625-$650M.
- Onboarding of largest new customer began during Q1; CEO cites platform strength and flexibility.
- Operating income guidance lowered to $85-$105M due to cyberattack and customer bankruptcy impacts.

## SEC filing metadata
- accession: 0001628280-24-021362
- form_type: 8-K
- cik: 0001910851
- company_name: R1 RCM Inc. /DE
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1910851/000162828024021362/0001628280-24-021362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1910851/000162828024021362/achi-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021362
- JSON: https://secwatch.observer/filing/0001628280-24-021362.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021362.txt

## Key facts
- Earnings Releases
  R1 RCM Inc. /DE reported the three months ended March 31, 2024 results: revenue $603.9 million, net income GAAP net loss of $35.1 million. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Revenue: $603.9 million
  - Net income: GAAP net loss of $35.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: hospitals, and physician groups, today announced results for the three months ended March 31, 2024 and updated full year 2024 outlook. First Quarter 2024 Results: • Revenue of $603.9 million, up $58.3 million or 10.7% compared to the same period last year. • GAAP net loss of $35.1 million, compared to net income of $1.6 million in the same period last year. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1910851/000162828024021362/0001628280-24-021362-index.htm

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