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Nov 20, 2025 12:00 AM

What Sparked PACS Group Stock Jumped Over 45% In After-Hours Trading?

PACS Group Inc. (NYSE:PACS) shares jumped 45.48% in after-hours trading Wednesday, closing at $24.48, after the company released its third-quarter results and completed financial restatements.

Check out the current price of PACS stock here. 

The stock closed Wednesday's regular session at $16.83, up 16.63%, according to Benzinga Pro data.

Q3 Revenue Climbs 31%

The Utah-based post-acute healthcare company reported third-quarter revenue of $1.34 billion, a 31% increase from a year earlier. Net income was $52.3 million, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $131.5 million.

SEC Filings Current

PACS completed a restatement of its financial statements for the three months ended March 31, 2024, and the three- and six-month periods ended June 30, 2024.

The restatement reduced revenue by $14.9 million for the first quarter of 2024 and $46.1 million for the ...