Medicaid was Pacs’s largest revenue line in fiscal 2025, bringing in $2.14B of $5.29B (40%).
| Concentration Risk Benchmark | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Medicaid | $723.90M | $1.17B | $1.65B | $2.14B |
| Medicare | $1.14B | $1.20B | $1.38B | $1.78B |
| Managed Care | $416.09M | $586.85M | $813.87M | $989.07M |
| Private & Other | $116.31M | $154.01M | $240.15M | $375.51M |
| Total | $2.40B | $3.11B | $4.09B | $5.29B |
Pacs brought in $5.29B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 29.4% from $4.09B in fiscal 2024. Medicaid was the largest at $2.14B (40.5%), ahead of Medicare at $1.78B (33.7%) and Managed Care at $989.07M (18.7%). The remaining revenue line, Private & Other, brought in $375.51M.
Compared with fiscal 2024, Private & Other grew fastest, up 56.4% to $375.51M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $2.40B to $5.29B, a compound annual growth rate of 30.1%. Medicaid's share of the total rose from 30.2% to 40.5%.
As Previously Reported was Pacs’s largest revenue line in fiscal 2024, bringing in $1.92B of $1.85B (103%).
| Revision of Prior Period | FY 2024 | FY 2024 |
|---|---|---|
| As Previously Reported | $934.30M | $1.92B |
| Restatement Adjustments | -$14.89M | -$61.03M |
| Total | $919.41M | $1.85B |
Pacs brought in $1.85B from its two revenue lines in fiscal 2024, the year ended June 30, 2024. That was up 101.7% from $919.41M in fiscal 2024. As Previously Reported was the largest at $1.92B (103.3%).
The total is net of Restatement Adjustments, which took $61.03M off revenue in fiscal 2024.
Pacs (PACS) reports its revenue by concentration risk benchmark and by revision of prior period. In fiscal 2025, Medicaid was its largest revenue line, bringing in $2.14B (40.5% of the total), followed by Medicare at $1.78B (33.7%).
Medicaid was Pacs' largest revenue line in fiscal 2025, bringing in $2.14B, or 40.5% of the $5.29B total across its four revenue lines.
Among Pacs' revenue lines that make up at least 2% of revenue, Private & Other grew fastest in fiscal 2025, up 56.4% from $240.15M to $375.51M.
Every figure comes from Pacs' annual financial filings, as reported. Each line keeps the name Pacs gives it, and years follow its fiscal calendar.
Pacs' revenue by concentration risk benchmark goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.