---
schema_version: "secwatch.filing_event.v1"
accession: "0002001184-26-000024"
form_type: "8-K"
ticker: "PACS"
cik: "0002001184"
company_name: "PACS Group, Inc."
filed_at: "2026-05-11T20:18:54+00:00"
generated_at: "2026-05-11T21:57:19.836979+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# PACS Group Q1 revenue $1.42B (+11.2% YoY), net income up 184%; raises FY2026 Adj. EBITDA guidance

## Summary
- Net income $80.7M, up 184.2% from $28.4M YoY; Adjusted EBITDA $170.4M, up 74.6%.
- Revenue $1.42B, +11.2% YoY; same-store SNF revenue +8.0%; occupancy 90.9% vs 89.6%.
- FY2026 Adj. EBITDA guidance raised to $605M-$625M from prior range (incl. $16.3M CA WQIP benefit).
- Cash from ops $236.3M; liquidity $795.1M including $248.0M cash; net leverage ~0.1x.
- Mature facilities occupancy 94.8%, ramping 88.9%; 78.4% of SNFs rated 4 or 5 stars by CMS.

## SEC filing metadata
- accession: 0002001184-26-000024
- form_type: 8-K
- ticker: PACS
- cik: 0002001184
- company_name: PACS Group, Inc.
- filed_at: 2026-05-11T20:18:54+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2001184/000200118426000024/0002001184-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2001184/000200118426000024/pacs-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002001184-26-000024
- JSON: https://secwatch.observer/filing/0002001184-26-000024.json
- Plain text: https://secwatch.observer/filing/0002001184-26-000024.txt

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