Aveanna Posts Q3 Profit, Lifts 2025 Outlook on Double-Digit Growth

Overview

• Revenue of $621.9 million rose 22.2% year over year in the quarter.
• The company reported $14.1 million in GAAP net income and $80.1 million in Adjusted EBITDA, up 67.5%.
• Full-year 2025 guidance increased to revenue above $2.375 billion and Adjusted EBITDA above $300 million.
• Year-to-date operating cash flow reached $76.1 million with free cash flow of $86.2 million and cash on hand of $145.9 million.
• A September refinancing ended the $415 million second-lien facility, expanded the revolver to $250 million and set new term loans at SOFR plus 3.75%, leaving total debt at $1.49 billion and keeping the Thrive integration on track for year-end.