secwatch.observer — SEC 8-K summary
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Issuer:     PACS Group, Inc. (PACS)
CIK:        0002001184
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0002001184-26-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PACS Group FY2025 revenue $5.29B (+29.3%); guides FY2026 rev $5.65-5.75B
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- FY2025 net income $191.5M; adjusted EBITDA $505.0M; Q4 net income $59.8M.
- Q4 revenue $1.36B (+12.4% YoY); adjusted EBITDA $142.1M.
- Mature facilities occupancy 94.9% vs. industry average 78.7%; 207 facilities with 4/5 CMS star rating.
- FY2026 guidance: revenue $5.65-5.75B, adjusted EBITDA $555-575M.
- Portfolio grew to 323 operated facilities across 17 states; added 8 facilities in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001184/000200118426000002/0002001184-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001184/000200118426000002/pacs-20260226.htm
  HTML page:      https://secwatch.observer/filing/0002001184-26-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer