Cross Country Healthcare ( (CCRN) ) has released its Q2 earnings. Here is a breakdown of the information Cross Country Healthcare presented to its investors.
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Cross Country Healthcare, Inc. is a tech-enabled workforce solutions and advisory firm with nearly four decades of industry experience, specializing in healthcare staffing and workforce management. The company recently released its second-quarter 2025 financial results, highlighting a decrease in revenue and a net loss, but also showcasing growth in specific segments and strategic cost control measures.
In the second quarter of 2025, Cross Country Healthcare reported a revenue of $274.1 million, marking a 19% decline compared to the previous year. The company also experienced a net loss of $6.7 million, although this was an improvement from the $16.1 million loss in the same quarter last year. Despite these challenges, the company saw a strong performance in its Homecare Staffing segment, with revenue growth exceeding 30% year-over-year, and a 3% increase in Physician Staffing revenue.
The company’s gross profit margin stood at 20.4%, slightly down from the previous year but showing a sequential improvement. Adjusted EBITDA was reported at $7.6 million, reflecting a 46% decrease year-over-year. However, the company maintained a healthy balance sheet with $81 million in cash and no debt, highlighting its financial resilience amidst challenging market conditions.
Looking ahead, Cross Country Healthcare remains focused on strategic growth and cost management, with plans for a merger with Aya Healthcare expected to close in the fourth quarter of 2025. The company continues to invest in initiatives aimed at enhancing its value proposition for customers and candidates, positioning itself for future growth in the evolving healthcare staffing industry.