Here are the 10-K annual reports from Healthcare Services Group (HCSG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow HCSG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HCSG filings page.
Healthcare Services Group, Inc. reports 2025 results showing moderate growth with rising credit risk. Revenue increased 7.1% to $1,837.2 million, with Environmental Services contributing $824.7 million and Dietary $1,012.5 million. Net income rose 49.6% to $59.1 million, lifting net margin to 3.2%.
Profitability was helped by $34.2 million of Employee Retention Credit refunds and $5.3 million of related interest income. At the same time, credit issues intensified: bad debt provisions increased to $83.1 million, or 4.5% of revenue, including $63.9 million tied to Genesis Healthcare’s Chapter 11 bankruptcy, a customer that represented 7.3% of 2025 revenue.
The company served about 2,800 facilities at year-end, with labor and supply costs remaining the largest expense drivers across both segments. Management highlights ongoing inflation, tariff exposure, labor market pressures, customer financial health, cybersecurity risks and evolving healthcare and tax regulations as key risk factors for future results.