Filing Flows › BrightSpring Health Services (BTSG) › Q2 2026
BrightSpring Health Services (BTSG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
BrightSpring Health Services (BTSG) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +7% from the quarter before. Operating margin was 3.4%, net earnings $84.2M (2.2% of revenue).
BrightSpring Health Services, Q2 2026: revenue $3.9B (+23% year over year), operating margin 3.4%, net earnings $84.2M, operating cash flow $43.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +7% | +23% |
| Gross profit | $493M | +2% | +31% |
| Operating profit | $130M | +7% | +169% |
| Net earnings | $84.2M | -43% | +206% |
| Operating cash flow | $43.9M | -64% | -11% |
| Free cash flow | $14.9M | -85% | -40% |
What changed
Revenue was $3.9B in Q2 2026, up 23% year over year and up 7% from the previous quarter. Medicare D was the largest line at 30% of revenue. Commercial Insurance added $0.33B year over year (up 42%), 45% of the total change. Private and Other declined 8%.
Gross margin was 12.7%, up 0.8 points from Q2 2025. Operating profit was $0.13B, a 3.4% margin (up 1.8 points year over year). Of the extra revenue versus Q2 2025, 11% reached operating profit, above the 2% margin then. Operating expenses grew 11% against revenue growth of 23%. Net earnings were $0.08B, up 199% year over year. The effective tax rate was 7.6%.
Operating cash flow was $0.04B (down 11% year over year), 52% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.03B left free cash flow of $0.01B.
Questions
What was BrightSpring Health Services' revenue in the second quarter 2026?
BrightSpring Health Services (BTSG) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +7% from the quarter before.
Was BrightSpring Health Services profitable in the second quarter 2026?
Operating profit was $130M (3.4% of revenue) and net earnings $84.2M.