Addus HomeCare Posts Strong Q1 Results, Expands into Indiana

Addus Homecare ( (ADUS) ) has shared an announcement.

On May 4, 2026, Addus HomeCare reported results for the quarter ended March 31, 2026, posting a 7.7% year-over-year increase in net service revenues to $363.6 million and net income of $25.1 million, or $1.36 per diluted share. Adjusted EBITDA rose 9.7% to $44.5 million, driven largely by 6.5% organic growth in its personal care business, aided by rate increases in Texas and Illinois, along with 7.7% organic growth in hospice, while cash flow from operations strengthened to $52.4 million.

The company also disclosed it acquired Fort Wayne–based HomeCourt Home Care’s personal care operations on May 1, 2026, adding roughly $9.7 million in annualized revenue and around 240 clients, and signed an agreement for a similarly sized follow-on Indiana acquisition. Management said the Indiana transactions, expected to be accretive, mark Addus’s entry into a new state and support its strategy of building density and a full continuum of home-based services, underpinned by a strong balance sheet with $103.1 million in cash and ample revolving credit capacity for further deals.

The most recent analyst rating on (ADUS) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Addus Homecare stock, see the ADUS Stock Forecast page.

Spark’s Take on ADUS Stock

According to Spark, TipRanks’ AI Analyst, ADUS is a Outperform.

The score is driven primarily by strong fundamentals (consistent revenue growth, improving margins, and very low leverage). Earnings-call commentary reinforces a positive outlook with supportive rate increases and balance-sheet flexibility, though near-term margin pressure and working-capital variability are notable risks. Technicals are the main offset, with the stock trading below major moving averages and only mixed momentum signals; valuation appears moderate based on the provided P/E.

To see Spark’s full report on ADUS stock, click here.

More about Addus Homecare

Addus HomeCare Corporation, based in Frisco, Texas, is a provider of home-based care services, including personal care, hospice and home health, with a primary focus on delivering cost-effective, quality care in patients’ homes. The company’s personal care segment is its largest business line, accounting for more than three-quarters of revenue and supported by reimbursement from key state programs.

Average Trading Volume: 244,236

Technical Sentiment Signal: Sell

Current Market Cap: $1.86B

For detailed information about ADUS stock, go to TipRanks’ Stock Analysis page.