Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2026

The composition of patient care service revenue by payor and level of care for the quarter ended June 30, 2026 is as follows (in thousands):



	Medicare		Medicaid		Commercial		Total
Routine home care	$	369,992	$	13,001	$	8,355	$	391,348
Inpatient care		30,854		2,345		2,474		35,673
Continuous care		17,792		583		1,021		19,396
	$	418,638	$	15,929	$	11,850	$	446,417

All other revenue - self-pay, respite care, etc.								6,206
Subtotal							$	452,623
Medicare cap adjustment								(500)
Implicit price concessions								(4,844)
Room and board, net								(3,938)
Net revenue							$	443,341

The composition of patient care service revenue by payor and level of care for the quarter ended June 30, 2025 is as follows (in thousands):


	Medicare		Medicaid		Commercial		Total
Routine home care	$	338,148	$	11,274	$	8,620	$	358,042
Inpatient care		28,797		2,000		2,226		33,023
Continuous care		21,934		636		1,070		23,640
	$	388,879	$	13,910	$	11,916	$	414,705

All other revenue - self-pay, respite care, etc.								5,747
Subtotal							$	420,452
Medicare cap adjustment								(16,375)
Implicit price concessions								(3,984)
Room and board, net								(3,892)
Net revenue							$	396,201

‎

The composition of patient care service revenue by payor and level of care for the six months ended June 30, 2026 is as follows (in thousands):


	Medicare		Medicaid		Commercial		Total
Routine home care	$	720,068	$	25,555	$	16,815	$	762,438
Inpatient care		62,304		4,672		4,623		71,599
Continuous care		34,376		1,134		2,020		37,530
	$	816,748	$	31,361	$	23,458	$	871,567

All other revenue - self-pay, respite care, etc.								11,783
Subtotal							$	883,350
Medicare cap adjustment								(2,875)
Implicit price concessions								(9,921)
Room and board, net								(7,196)
Net revenue							$	863,358

The composition of patient care service revenue by payor and level of care for the six months ended June 30, 2025 is as follows (in thousands):


	Medicare		Medicaid		Commercial		Total
Routine home care	$	670,788	$	22,311	$	16,509	$	709,608
Inpatient care		58,341		4,164		4,540		67,045
Continuous care		44,779		1,379		2,118		48,276
	$	773,908	$	27,854	$	23,167	$	824,929

All other revenue - self-pay, respite care, etc.								11,092
Subtotal							$	836,021
Medicare cap adjustment								(18,700)
Implicit price concessions								(6,304)
Room and board, net								(7,417)
Net revenue							$	803,600

The composition of disaggregated revenue for the second quarter is as follows (in thousands):


	June 30,
	2026		2025
Drain cleaning	$	57,501	$	55,557
Plumbing		47,901		45,284
Excavation		61,563		56,493
Other		272		187
Subtotal - short term core		167,237		157,521
Water restoration		46,857		49,824
Independent contractors		17,118		17,449
Franchisee fees		1,443		1,405
Other		4,297		4,783
Gross revenue		236,952		230,982
Implicit price concessions and credit memos		(7,042)		(8,385)
Net revenue	$	229,910	$	222,597

The composition of disaggregated revenue for the first six months is as follows (in thousands):


	June 30,
	2026		2025
Drain cleaning	$	117,235	$	115,099
Plumbing		97,485		91,344
Excavation		125,073		120,731
Other		501		376
Subtotal - short term core		340,294		327,550
Water restoration		94,706		103,987
Independent contractors		34,884		35,811
Franchisee fees		2,964		2,828
Other		9,386		9,678
Gross revenue		482,234		479,854
Implicit price concessions and credit memos		(14,828)		(17,713)
Net revenue	$	467,406	$	462,141