GMRS GMR Solutions Inc.
Price Chart
Executive Summary
GMR Solutions reported Q1 2026 net revenue of $1,457.6M (+6.6% YoY), net income of $106.3M (+179.7% YoY), and Adjusted EBITDA of $305.1M (+9.7% YoY). The company established full-year 2026 guidance for net revenue of $5.89B-$6.18B and Adjusted EBITDA of $1.135B-$1.195B. No consensus estimates were available for comparison, limiting surprise assessment.
Key Financial Metrics
Actionable Insight
Monitor the Q2 2026 earnings call for same-market revenue growth trajectory and margin trends, as the deceleration from 14.9% to 7.9% in same-market growth warrants attention. The preferred stock redemption reduces future dividend obligations but consumed $250M of cash.
Key Facts
- Q1 2026 net revenue $1,457.6M, up 6.6% from $1,367.4M in Q1 2025
- Net income $106.3M, up 179.7% from $38.0M in Q1 2025
- Adjusted EBITDA $305.1M, up 9.7% from $278.1M in Q1 2025
- Full-year 2026 guidance: net revenue $5.89B-$6.18B, Adjusted EBITDA $1.135B-$1.195B
- Redeemed 189,050 shares of Preferred Stock for ~$250.0M on March 6, 2026
- Liquidity >$1.1B: $426.1M cash + $691.6M ABL availability
- Same-market revenue growth decelerated to 7.9% from 14.9% in prior year
- Total ambulance transports declined slightly to 1,042,152 from 1,052,497
Financial Impact
Revenue growth of 6.6% YoY and net income growth of 179.7% YoY, with full-year guidance implying ~6-11% revenue growth
Risk Factors
- Same-market revenue growth decelerated sharply to 7.9% from 14.9%
- Operating cash flow declined to $128.7M from $189.3M in Q1 2025
- Accounts receivable increased $64.8M, pressuring working capital
- Cash balance dropped $183.2M from year-end 2025 due to preferred stock redemption
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-068983 |
| Document: gmrs-20260601x8k.htm | 0001104659-26-068983 |
| Document: 0001104659-26-068983-index-headers.html | 0001104659-26-068983 |
| Document: 0001104659-26-068983-index.html | 0001104659-26-068983 |
| Document: 0001104659-26-068983.txt | 0001104659-26-068983 |
| 8-K Data (Synthetic) | 0001104659-26-068983 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
4d ago
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8-K
| — | awaiting T+5 | — | — |
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May 18, 2026
18d ago
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8-K
| — | awaiting T+5 | — | — |
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May 14, 2026
22d ago
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424B4
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
22d ago
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3
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
23d ago
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3
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
23d ago
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3
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
23d ago
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3
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
23d ago
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3
| $13.85 $11.25 | ▼ −18.77% | ▼ −18.05% | $10.90 (−21.30%) |
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May 13, 2026
23d ago
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EFFECT
| — | awaiting T+5 | — | — |
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May 8, 2026
27d ago
|
S-1/A
| — | awaiting T+5 | — | — |
US Market Status
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