BrightSpring Health Services, Inc.BTSGEarnings & Financial Report
Cardinal Health, Inc. is an American multinational health care services company, and the 15th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical product, including gloves, surgical apparel, and fluid management products. In addition, it operates one of the largest networks of radiopharm...
BTSG Q4 FY2025 Key Financial Metrics
Revenue
$3.6B
Gross Profit
$412.5M
Operating Profit
$108.1M
Net Profit
$77.1M
Gross Margin
11.6%
Operating Margin
3.0%
Net Margin
2.2%
YoY Growth
16.3%
EPS
$0.34
BrightSpring Health Services, Inc. Q4 FY2025 Financial Summary
BrightSpring Health Services, Inc. reported revenue of $3.6B (up 16.3% YoY) for Q4 FY2025, with a net profit of $77.1M (up 381.8% YoY) (2.2% margin). Cost of goods sold was $3.1B, operating expenses totaled $304.4M.
Key Financial Metrics
| Total Revenue | $3.6B |
|---|---|
| Net Profit | $77.1M |
| Gross Margin | 11.6% |
| Operating Margin | 3.0% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
BrightSpring Health Services, Inc. Q4 FY2025 revenue of $3.6B breaks down across 9 segments, led by Medicare D at $1.1B (31.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Medicare D | $1.1B | 31.5% |
| Commercial Insurance | $879.8M | 24.8% |
| Medicare C | $641.2M | 18.1% |
| Provider Services | $394.2M | 11.1% |
| Medicaid | $301.4M | 8.5% |
| Medicare A | $150.5M | 4.2% |
| Private And Other | $44.0M | 1.2% |
| Medicare B | $19.5M | 0.5% |
| Pharmacy Solutions And Provider Services Segments | $19.0M | 0.5% |
BrightSpring Health Services, Inc. Revenue by Segment — Quarterly Trend
BrightSpring Health Services, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Medicare D and Commercial Insurance) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Medicare D | $1.1B | $1.1B | $1.0B | — |
| Commercial Insurance | $879.8M | $818.3M | — | $674.5M |
| Medicare C | $641.2M | $593.0M | $555.6M | $487.7M |
| Provider Services | $394.2M | $367.1M | $357.6M | $345.9M |
| Medicaid | $301.4M | $287.4M | $266.2M | $238.2M |
BrightSpring Health Services, Inc. Annual Revenue by Year
BrightSpring Health Services, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $12.9B).
BrightSpring Health Services, Inc. Quarterly Revenue & Net Profit History
BrightSpring Health Services, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.6B | +16.3% | $77.1M | 2.2% |
| Q3 FY2025 | $3.3B | +14.7% | $55.8M | 1.7% |
| Q2 FY2025 | $3.1B | +15.3% | $28.2M | 0.9% |
| Q1 FY2025 | $2.9B | +11.7% | $29.5M | 1.0% |
| Q4 FY2024 | $3.1B | +28.6% | $16.0M | 0.5% |
| Q3 FY2024 | $2.9B | +28.8% | $-8.2M | -0.3% |
| Q2 FY2024 | $2.7B | +26.0% | $19.9M | 0.7% |
| Q1 FY2024 | $2.6B | +27.0% | $-45.8M | -1.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.73B | $2.91B | $3.05B | $2.88B | $3.15B | $3.33B | $3.55B |
| YoY Growth | 27.0% | 26.0% | 28.8% | 28.6% | 11.7% | 15.3% | 14.7% | 16.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.66B | $5.61B | $5.79B | $5.93B | $5.85B | $5.94B | $6.05B | $6.41B |
| Liabilities | $4.08B | $4.00B | $4.17B | $4.27B | $4.16B | $4.20B | $4.23B | $4.53B |
| Equity | $1.57B | $1.60B | $1.61B | $1.65B | $1.69B | $1.74B | $1.82B | $1.88B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-78.9M | $-15.2M | $27.2M | $90.6M | $101.6M | $49.1M | $107.9M | $231.6M |