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of Our Company Cross Country Healthcare, Inc. (Nasdaq: CCRN) is a healthcare workforce solutions company delivering an AI-powered digital platform and advisory services, backed by nearly 40 years of healthcare labor expertise, to help health systems optimize and sustain their entire labor ecosystem. Through Intellify , Cross Country's cloud-based workforce management and vendor management syste…
The business is unprofitable at the operating level (-8.01% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 21.6% YoY. Margins deteriorated 6.8pp alongside, both lines moving the wrong way.
Free cash flow declined 64% versus the prior year, cash generation momentum has weakened. ROIC dropped from -2.96% to -17.83%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.00B
▼ -21.6% YoY
Net Income (TTM)
-$99M
▼ -551.6% YoY
Op. Margin
-8.74%
▼ -6.8pp YoY
ROIC
-18.89%
▼ -14.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$40M
▼ -64.0% YoY
Op. Cash Flow (TTM)
$47M
▼ -59.8% YoY
Net Debt
-$104M
Net Cash Position
Cash & Equiv.
$106M
5Y CAGR: +4.7%
5Y CAGR: +12.2%
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