Acadia Healthcare (NASDAQ:ACHC) shares are up on Wednesday following the company’s announcement of its fourth-quarter and full-year 2025 results, which included guidance for 2026.

The stock is moving higher as the broader market is experiencing gains, with the Nasdaq up 1.23%.

Earnings Snapshot

Acadia Healthcare reported fourth-quarter adjusted earnings of 7 cents, beating the consensus of 6 cents.

Sales of $821.46 million, beating the consensus of $800.07 million. Revenue exceeded the high end of the company’s implied fourth-quarter guidance, primarily a result of improved volume growth during the quarter.

Performance Metrics

Sales increased 6.1% year-over-year. Same-facility revenue increased 4.4%, driven by a 3.1% increase in patient days and a 1.3% increase in revenue per patient day.

Same-facility admissions increased 2.5%. Facilities closed over the last 12 months accounted for a 2% drag on reported revenue growth in the fourth quarter.

The company reported a fourth-quarter revenue of $451 million from acute inpatient psychiatric facilities, marking a 10% increase year-over-year.

Fourth quarter acute inpatient volumes increased 6%, driven …

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