10-Q quarterly report · filed Nov 3, 2025

Pediatrix Medical Group, Inc. (MD) Q3 2025 10-Q Quarterly Report

Short answer

Pediatrix Medical Group, Inc. (MD) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $493M (down 3.6% year over year) with net income of $72M.

Q3 2025 key financials · XBRL

Revenue
$493M
−3.6% YoY · +5.1% QoQ
Net income
$72M
+268.8% YoY · +82.6% QoQ
Operating margin
13.8%
EPS (diluted)
$0.84
+265.2% YoY · +82.6% QoQ

Source: XBRL data from the Pediatrix Medical Group, Inc. (MD) Q3 2025 10-Q on SEC EDGAR. USD.

Pediatrix Medical Group, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Newly added risk: Medicaid Reform via One Big Beautiful Bill Act on July 4, 2025, imposing work requirements and increased patient cost-sharing, uncertain reimbursement impact
  • Most materially updated risk: Exit of office-based pediatric practices finalized by Dec 31, 2024, shifting focus to hospital-based and maternal-fetal medicine to reduce operational complexity and costs
  • Regulatory risk: No Surprises Act enforcement risks including potential CMS investigations and federal/state penalties for surprise billing non-compliance affecting revenue recovery from out-of-network services
  • Market risk: Patient service revenue declined 3.6% QoQ due to practice dispositions despite 8.0% same-unit revenue growth, signaling near-term pressure from portfolio changes
  • Financial risk: Cash and equivalents increased to $340.1 million as of Sept 30, 2025, with working capital up by $119.2 million from Dec 31, 2024 driven by improved revenue and faster accounts receivable collections (DSO down to 43.1 days)

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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