Addus HomeCare

Balance sheet conservatism is a core strength. At March 31, 2026, cash was 103.1 million dollars with about 94.3 million dollars outstanding on a 650 million dollar revolver, leaving ample liquidity and low net leverage.

The facility matures in July 2028. TTM free cash flow is approximately 137 million dollars, with capex near 8 million dollars and no heavy fixed asset base. Accounts receivable days are reasonable, although the Illinois Department on Aging remains a sizeable receivable concentration to monitor.

Overall resilience to shocks is strong given cash generation, liquidity, and flexible cost structure.