Aveanna Healthcare (AVAH) investor relations material

Strategic vision and leadership

• Focus on transforming homecare value through a diversified, national platform serving pediatric, adult, and geriatric patients in 38 states.

• Leadership team with deep industry experience, including CEO, CFO, and Principal Accounting Officer with backgrounds in operations, finance, and accounting.

Financial performance and growth

• 2026 revenue guidance of $2.54–$2.56 billion, with a 9.3% CAGR from 2020–2026 and adjusted EBITDA guidance of $318–$322 million.

• Q4 2025 revenue grew 27.4% year-over-year to $662.5 million, with adjusted EBITDA up 54% to $85 million.

• Free cash flow for 2025 was $131 million, with operating cash flow of $125.9 million.

• Liquidity of $528.8 million and total variable rate debt of $1.49 billion, supported by interest rate hedges.

Business segments and operational highlights

• Three main segments: Private Duty Services (PDS), Home Health & Hospice (HHH), and Medical Solutions (MS).

• PDS: $2.0 billion revenue, 257 locations, 42,600 patients, 26–28% gross margin, 3–5% organic growth.

• HHH: $249 million revenue, 82 locations, 14,800 patients, 50–52% gross margin, 5–7% organic growth.

• MS: $184 million revenue, 30,700 patients, 42–44% gross margin, 8–10% organic growth.