Ensign Group, Inc.

Medical Care Facilities • Healthcare • San Juan Capistrano, CA, United States • ENSG (NMS)

949 487 9500 29222 Rancho Viejo Road, San Juan Capistrano, CA 92675, United States

Quarter: Q3 2025 Reported: July 24, 2025 Sentiment: Neutral

The Ensign Group, Inc. provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The Skilled Services segment provides short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management; and standard services, such as room and board, special nutritional programs, social services, recreational activities, entertainment, and other services. The Standard Bearer segment leases post-acute care properties to healthcare operators. In addition, the company operates senior living units; and provides ancillary services consisting of digital x-ray, ultrasound, electrocardiograms, sub-acute services, dialysis, respiratory, and long-term care pharmacy and patient transportation to people in their homes or at long-term care facilities, as well as mobile diagnostics. The company operates healthcare facilities in Alabama, Alaska, Arizona, Colorado, Idaho, Iowa, Kansas, Oregon, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. The company was incorporated in 1999 and is based in San Juan Capistrano, California.

Analysis Summary

This document is a Form 8-K filed by The Ensign Group, Inc. (ENSG) on July 24, 2025, announcing the issuance of a press release detailing the company's financial results for the second quarter ended June 30, 2025. As such, it does not provide a detailed breakdown of financial performance, strategic initiatives, management commentary, or analyst Q&A. The core content of this filing is the comprehensive definition and explanation of the non-GAAP financial measures that Ensign Group uses to evaluate its operating performance and provide supplemental information to investors. These measures include Adjusted Net Income, Adjusted Earnings per Share, EBITDA, Adjusted EBITDA, Adjusted EBITDAR, Adjusted EBT, and Funds from Operations (FFO) for the Standard Bearer real estate segment. The company emphasizes that these non-GAAP measures are used because excluded revenues and expenses are infrequent, variable, or do not represent current revenues or cash expenditures, but cautions that they may not be comparable to other companies' calculations and should not replace GAAP measures. The 8-K directs readers to the accompanying press release (Exhibit 99.1) for the actual financial results and further details, which are not included in this filing. Consequently, a comprehensive analysis of financial performance, strategic positioning, market trends, or specific risk factors cannot be derived from this document.

Key Highlights

• Form 8-K filed on July 24, 2025, announcing the release of Q2 2025 financial results.
• The filing defines various non-GAAP financial measures used by The Ensign Group, Inc.
• Non-GAAP measures include Adjusted Net Income, Adjusted EPS, EBITDA, Adjusted EBITDA, Adjusted EBITDAR, Adjusted EBT, and FFO for the real estate segment.
• The document explicitly states that a press release (Exhibit 99.1) contains the actual financial results.
• This 8-K does not contain actual financial performance figures, guidance, or strategic commentary.

Financial Metrics

eps

N/A

YoY: N/A

revenue

N/A N/A

YoY: N/A

guidance

net income

N/A N/A

YoY: N/A

Stock Performance (90 Days)

Data through Feb 13, 2026

Positive Signals

• Information regarding positive operational performance or strategic achievements is not available in this Form 8-K filing.
• Management's forward-looking statements or optimistic outlook are not present in this document.
• No specific growth drivers or market opportunities are highlighted in this filing.

Risks & Concerns

— Specific operational or financial risks are not discussed in this Form 8-K filing.
— No concerns regarding market conditions, competition, or regulatory changes are mentioned.
— Potential negative impacts on future performance are not disclosed in this document.