爱德斯 2025年季度报告

ADDUS HOMECARE CORPORATION Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐ As of April 29, 2025, Addus HomeCare Corporationhad18,399,139shares of Common Stock outstanding. ADDUS HOMECARE CORPORATIONFORM 10-QINDEX CONDENSED CONSOLIDATED BALANCE SHEETSAs of March 31, 2025 and December 31, 2024 CONDENSED CONSOLIDATEDSTATEMENTS OF INCOMEFor the Three Months Ended March 31, 2025 and 2024 ADDUS HOMECARE CORPORATIONAND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITYFor the Three Months Ended March 31, 2025 and 2024 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Three Months Ended March 31, 2025 and 2024 ADDUS HOMECARE CORPORATIONAND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements(Unaudited) 1. Nature of Operations, Consolidation, and Presentation of Financial Statements Addus HomeCare Corporation (“Holdings”) and its subsidiaries (together with Holdings, the “Company”, “we”, “us”, or“our”) operate as a multi-state provider ofthreedistinct but related business segments providing in-home services. In its personalcare segment, the Company provides non-medical assistance with activities of daily living, primarily to persons who are atincreased risk of hospitalization or institutionalization, such as the elderly, chronically ill, or disabled. In its hospice segment, theCompany provides physical, emotional, and spiritual care for people who are terminally ill as well as related services for theirfamilies. In its home health segment, the Company provides services that are primarily medical in nature to individuals who may Basis of Presentation The accompanying Unaudited Condensed Consolidated Financial Statements and related notes have been prepared inaccordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form10-Q. The accompanying balance sheet as of December 31, 2024 has been derived from the Company’s audited financialstatements for the year ended December 31, 2024 previously filed with the SEC. Accordingly, these financial statements do not In the opinion of management, these financial statements reflect all adjustments of a normal, recurring nature necessary forthe fair statement of our financial position, results of operations, and cash flows for the interim periods presented in conformity Principles of Consolidation These Unaudited Condensed Consolidated Financial Statements include the accounts of Addus HomeCare Corporation andits subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. 2. Summary of Significant Accounting Policies Estimates The financial statements are prepared by management in conformity with GAAP and include estimated amounts and certaindisclosures based on assumptions about future events. The Company’s critical accounting estimates include the following areas: Table of Contents Computation of Weighted Average Shares The following table sets forth the computation of basic and diluted common shares: Recently Adopted Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07,Improvements to ReportableSegment Disclosures, which expands reportable segment disclosure requirements, primarily through enhanced disclosures aboutsignificant segment expenses. The amendments in the ASU require, among other things, disclosure of significant segment expensesthat are regularly provided to an entity’s chief operating decision maker (“CODM”) and a description of other segment items (thedifference between segment revenue less the segment expenses disclosed under the significant expense principle and each reportedmeasure of segment profit or loss) by reportable segment, as well as disclosure of the title and position of the CODM, and an Recently Issued Accounting Pro