CCRN earnings analysis
What we found in CCRN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Cross Country Healthcare reported Q1 2026 revenue of $241.1 million, beating estimates by 1.9% and showing a year-over-year decrease of 17.8%. The net loss attributable to shareholders was $4.3 million, a significant increase from the prior year's loss of $0.5 million. While cash flow from operations was positive at $4.8 million, it experienced a decline of 16% year-over-year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Expectations
- Q1 2026 revenue was $241.1 million, surpassing the forecast of $236.6 million.
- EPS Better Than Expected
- The reported EPS loss of $0.03 beat the expected loss of $0.05.
- Positive Operating Cash Flow
- Operating cash flow was positive at $4.8 million despite a year-over-year decline of 16%.
- Segment Growth in Community Care
- Cross Country Community Care segment revenue grew by 15.8% year-over-year.
- Reduction in SG&A Expenses
- Selling, general and administrative expenses fell by 12.7% to $45.8 million.
- No Borrowings on Credit Facility
- The company had no borrowings drawn under its $300 million asset-based credit facility.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Year-over-Year Revenue Decline
- Revenue decreased by 17.8%, falling from $293.4 million in Q1 2025 to $241.1 million.
- Increased Net Loss
- Net loss increased to $4.3 million compared to a net loss of $0.5 million in Q1 2025.
- High Operating Margin Pressures
- Operating margin dropped to -1.7% from -0.3% year-over-year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.03
- Operating margin
- -1.7%
- Segment
- Nurse and Allied Staffing: $201.4M
- Segment
- Physician Staffing: $39.6M
What they said about what is next.
No forward guidance provided.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
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