The pending merger with Knox Lane at an undisclosed price will determine the stock's trajectory. Earnings beat is secondary; focus on the merger proxy statement for terms and timeline. The stock likely trades near the deal price, limiting upside but providing a floor.
Price Chart
Executive Summary
Cross Country Healthcare reported Q1 2026 revenue of $241.1M, down 18% YoY but above consensus of $236.8M, and adjusted EPS of -$0.03, beating the -$0.05 estimate by 40%. The earnings release also discloses the pending merger with Knox Lane, which will take the company private and delist its shares. The merger overshadows the modest earnings beat, but the business continues to shrink.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $241.1M, -18% YoY, +2% sequentially
- Adjusted EPS -$0.03 vs consensus -$0.05 (beat)
- GAAP net loss -$4.3M, -$0.14 per share
- On May 6, 2026, entered into merger agreement with Knox Lane to go private
- Cash $105.6M, no debt; repurchased 650k shares in Q1
- No forward guidance provided; earnings call cancelled due to merger
Financial Impact
Revenue beat by $4.3M vs consensus; EPS beat by $0.02
Risk Factors
- Merger could be delayed or terminated
- Revenue continues to decline as staffing demand weakens
- No guidance from management due to merger uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-032217 |
| Document: ccrn-20260507.htm | 0001628280-26-032217 |
| Document: 0001628280-26-032217-index-headers.html | 0001628280-26-032217 |
| Document: 0001628280-26-032217-index.html | 0001628280-26-032217 |
| Document: 0001628280-26-032217.txt | 0001628280-26-032217 |
| 8-K Data (Synthetic) | 0001628280-26-032217 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 6, 2026 16w ago | 425 | $13.20 | awaiting T+20 | — | — |
Jul 6, 2026 16w ago | 8-K | $13.20 | awaiting T+20 | — | — |
Jun 15, 2026 19w ago | DEFM14A | $13.18 $13.22 | ▲ +0.30% | ▲ +0.10% | — |
Jun 3, 2026 20w ago | PREM14A | $13.19 $13.20 | ▲ +0.08% | ▲ +1.45% | — |
May 7, 2026 24w ago | DEFA14A | $13.18 $13.18 | · 0.00% | ▼ −0.02% | — |
May 7, 2026 24w ago | DEFA14A | $13.18 $13.18 | · 0.00% | ▼ −0.02% | — |
May 7, 2026 24w ago | 8-K | $13.18 $13.18 | · 0.00% | ▼ −0.02% | — |
May 7, 2026 24w ago | 8-K | $13.09 $13.12 | ▲ +0.23% | ▼ −2.91% | — |
Apr 17, 2026 27w ago | 8-K | $9.96 $13.10 | ▲ +31.53% | ▲ +27.32% | — |
Mar 4, 2026 33w ago | 8-K | $9.89 $9.18 | ▲ +7.18% | ▲ +3.39% | — |
US Market Status
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