Cross Country Healthcare Reports Q1 2025 Financial Results

Cross Country Healthcare ( (CCRN) ) has released its Q1 earnings. Here is a breakdown of the information Cross Country Healthcare presented to its investors.

Cross Country Healthcare, Inc. is a tech-enabled workforce solutions and advisory firm with nearly four decades of experience, specializing in addressing complex labor-related challenges in the healthcare sector. The company recently released its financial results for the first quarter of 2025, highlighting a decrease in revenue and profitability compared to the previous year. Despite a challenging financial quarter, Cross Country Healthcare reported a consolidated revenue of $293.4 million, marking a 23% year-over-year decline. The company’s gross profit margin stood at 20%, with a net loss of $0.5 million attributable to common stockholders. Adjusted EBITDA was reported at $8.6 million, reflecting a 44% decrease from the previous year. Key business segments showed mixed results, with Homecare Staffing and Physician Staffing experiencing revenue growth, while Nurse and Allied Staffing saw a decline. The company maintained a strong balance sheet with $81 million in cash and no debt. Looking ahead, Cross Country Healthcare remains focused on improving productivity and efficiency through AI automation and strategic investments. The company is also progressing towards a merger with Aya Healthcare, expected to be completed in the second half of the year.