---
schema_version: "secwatch.filing_event.v1"
accession: "0002001184-24-000037"
form_type: "8-K"
ticker: "PACS"
cik: "0002001184"
company_name: "PACS Group, Inc."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:10:46.878933+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PACS Group Q2 revenue $981.8M (+29% YoY); GAAP net loss $10.9M on $90.9M IPO stock comp; raises FY2024 guidance

## Summary
- GAAP net loss of $10.9M for Q2 2024 due to $90.9M stock-based compensation from IPO RSU grants.
- Revenue $981.8M, up 29% YoY and 5% sequentially; patient days grew 24.8% YoY.
- Adjusted EBITDA $99.7M in Q2; full-year guidance raised to revenue $3.85-3.95B and Adj. EBITDA $370-380M.
- Occupancy 91.0%; average Medicare daily rate up 9.5% and Medicaid up 3.5% YoY.
- Added 28 facilities post-Q2, now operating 248 facilities across 13 states; real estate assets owned/through JV total 87.

## SEC filing metadata
- accession: 0002001184-24-000037
- form_type: 8-K
- ticker: PACS
- cik: 0002001184
- company_name: PACS Group, Inc.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/2001184/000200118424000037/0002001184-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2001184/000200118424000037/pacs-20240812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002001184-24-000037
- JSON: https://secwatch.observer/filing/0002001184-24-000037.json
- Plain text: https://secwatch.observer/filing/0002001184-24-000037.txt

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