Enhabit Reports Strong Q4 & FY25 Results, Secures New Credit Facility Amidst Pending Acquisition
EHAB has more than doubled off its 52-week low of $6.47 on elevated volume (2.0× avg).
Summary
Enhabit, Inc. announced strong Q4 and full-year 2025 financial results, including increased revenue and Adjusted EBITDA, while also securing a new $475 million credit facility, all in the context of its pending acquisition by Kinderhook Industries.
Key Events · Earnings and Guidance · EHAB
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Strong Q4 & FY25 Financial Performance
Enhabit reported Q4 2025 net service revenue of $270.4 million (+4.7% YoY) and Adjusted EBITDA of $28.0 million (+11.6% YoY). Full-year 2025 net service revenue reached $1.06 billion (+2.4% YoY) and Adjusted EBITDA was $108.5 million (+8.4% YoY), with significant improvements in net loss and adjusted diluted EPS.
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Secured New Credit Facility
The company entered into an amended and restated credit agreement on February 26, 2026, establishing a new $315.0 million senior secured term loan A facility and a $160.0 million senior secured revolving credit facility, maturing in February 2031. This significantly strengthens the company's liquidity and balance sheet.
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Merger Agreement Context
These financial results and financing updates are reported amidst the pending acquisition by Kinderhook Industries, LLC for $13.80 per share, expected to close in Q2 2026. The company will not host an earnings call or provide future guidance due to the merger.
Analysis · EHAB · Industrial Applications And Services
Enhabit, Inc. reported robust financial results for Q4 and the full year 2025, demonstrating significant operational improvements and a strengthened balance sheet. The company achieved a 4.7% year-over-year increase in Q4 net service revenue to $270.4 million and an 11.6% rise in Adjusted EBITDA to $28.0 million. For the full year, net service revenue grew 2.4% to $1.06 billion, and Adjusted EBITDA increased 8.4% to $108.5 million. The company also significantly improved its net loss and adjusted diluted EPS. Concurrently, Enhabit entered into an amended and restated credit agreement, securing a new $315.0 million term loan and a $160.0 million revolving credit facility, which materially strengthens its financial position. These positive developments occur as the company is trading near its 52-week high and the previously announced acquisition price of $13.80 per share by Kinderhook Industries. The strong financial health and new financing provide a solid foundation as the company moves towards the expected Q2 2026 merger completion, reinforcing the stability and value for shareholders.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.6% of the 1018 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EHAB was trading at $13.60 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $690.3M. The 52-week trading range was $6.47 to $13.64. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.