secwatch.observer — SEC 8-K summary
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Issuer:     PACS Group, Inc. (PACS)
CIK:        0002001184
Form:       8-K
Filed at:   2026-05-11T20:18:54+00:00
Accession:  0002001184-26-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001184/000200118426000024/0002001184-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001184/000200118426000024/pacs-20260511.htm
  HTML page:      https://secwatch.observer/filing/0002001184-26-000024

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