What contributed to the Adjusted EBITDA of $58.3 million and how does this compare to previous quarters?
What drove the Adjusted EBITDA of $58.3 million
The press release tells us that AMN Healthcare generated $658 million in quarterly revenue and posted an Adjusted EBITDA of $58.3 million for the second quarter of 2025. While the release does not item‑by‑item break out the components of that adjusted EBITDA, a few points can be inferred from the figures that are provided:
| Metric | What it suggests about the EBITDA driver |
|---|---|
| Revenue of $658 million | The bulk of the adjusted EBITDA comes from the company’s core operating activities—primarily the placement of health‑care professionals and related staffing services. Higher revenue typically translates into a larger EBITDA margin, assuming cost structures remain stable. |
| GAAP loss of ($3.02) per share | A GAAP loss indicates that, after accounting for all standard expenses (including depreciation, amortization, interest, taxes, and any non‑recurring items), the company is still negative on a per‑share basis. The fact that Adjusted EBITDA is positive ($58.3 million) shows that the loss is largely driven by accounting items that are excluded in the “adjusted” calculation (e.g., depreciation, amortization, stock‑based compensation, or other non‑cash charges). |
| Adjusted EPS of $0.30 | The adjusted earnings per share figure is derived from the same adjusted EBITDA base, confirming that the $58.3 million figure is a key contributor to the modest positive adjusted earnings. |
In short, the primary contributor to the $58.3 million Adjusted EBITDA is the operating performance of AMN’s staffing and workforce‑solution businesses that generated $658 million in revenue, while the adjustment removes GAAP‑level expenses that otherwise push the company into a per‑share loss.
How this compares to previous quarters
The release does not provide the Adjusted EBITDA numbers for the first quarter of 2025 (or any earlier quarters) and therefore we cannot state definitively whether the $58.3 million figure represents an increase, a decrease, or a flat trend relative to those periods.
What we can say, based on the information at hand:
| Comparison element | Available information |
|---|---|
| Adjusted EBITDA this quarter | $58.3 million |
| Adjusted EBITDA prior quarters | Not disclosed in the release |
| Trend insight | Because the press release highlights the adjusted EBITDA as a positive figure alongside a GAAP loss per share, it suggests management wants to emphasize that the operating cash‑generation side of the business remains solid. However, without the actual prior‑quarter numbers, we cannot quantify the change. |
Bottom line:
- The $58.3 million Adjusted EBITDA is driven mainly by the $658 million of revenue generated from AMN’s core staffing operations, with GAAP‑level expenses (depreciation, amortization, interest, taxes, etc.) excluded in the adjustment.
- The release does not supply Adjusted EBITDA figures for earlier quarters, so a direct quarter‑to‑quarter comparison cannot be made from the provided data. Any assessment of trend would require those historical numbers, which are not included in the current news excerpt.