CareMax, Inc.
CMAX, CMAXWHealthcare · Services-Nursing & Personal Care Facilities · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|
| Revenue | $751.1M | $631.1M | $295.8M | $103.4M |
| Operating income | −$656.2M | −$112.2M | −$28.8M | −$4.0M |
| Net income | −$683.3M | −$37.8M | −$6.7M | −$3.9M |
| Total assets | $623.3M | $1.17B | $653.1M | $144.9M |
| Total liabilities | $561.9M | $551.2M | $147.7M | $8.2M |
| Equity | $61.4M | $619.5M | $505.4M | $0 |
| EPS (diluted) | $-183.31 | $-12.49 | $-0.13 | $0.70 |
| Shares out. | 3.7M | 3.0M | 52.6M | 10.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −87.4%
- Net margin
- −91.0%
- Return on equity
- −1112.1%
- Return on assets
- −109.6%
- Return on capital (ROCE)
- −355.7%
- Liabilities / assets
- 90.1%
- Debt / equity
- 9.14×
- Book value / share
- $16.48
- Revenue growth (YoY)
- 19.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -13.42distress
- Accruals / assets
- −102.1%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 13, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 18, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 17, 2021
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Eminence Capital, LpPassive (13G)Feb 14, 2025
- Morgan StanleyPassive (13G)Jan 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Bankruptcy or receivership · Completed an acquisition or disposition · Modified shareholder rights · Changed auditor · Change in control · Director / officer change · Regulation FD disclosure · Other material eventFeb 3, 2025
- Regulation FD disclosureJan 3, 2025
- New financial obligationDec 26, 2024
- Entered a material agreement · Bankruptcy or receivership · Director / officer change · Regulation FD disclosureNov 25, 2024
- Entered a material agreement · Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer change · Regulation FD disclosureNov 18, 2024
- Entered a material agreement · New financial obligationNov 12, 2024
- Entered a material agreement · New financial obligationNov 4, 2024
- Entered a material agreement · New financial obligationOct 28, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.