Filing Flows › BrightSpring Health Services (BTSG) › Q3 2026
BrightSpring Health Services (BTSG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
BrightSpring Health Services (BTSG) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +9% from the quarter before. Operating margin was 3.8%, net earnings $100M (2.4% of revenue).
BrightSpring Health Services, Q3 2026: revenue $4.2B (+26% year over year), operating margin 3.8%, net earnings $100M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +9% | +26% |
| Gross profit | $519M | +5% | +32% |
| Operating profit | $160M | +23% | +83% |
| Net earnings | $100M | +19% | +82% |
| Operating cash flow | $204M | +365% | +89% |
| Free cash flow | $182M | 12× | +98% |
What changed
Revenue was $4.2B in Q3 2026, up 26% year over year and up 9% from the previous quarter. Medicare D was the largest line at 30% of revenue. Commercial Insurance added $0.38B year over year (up 43%), 43% of the total change.
Gross margin was 12.3%, up 0.6 points from Q3 2025. Operating profit was $0.16B, a 3.8% margin (up 1.2 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 3% margin then. Operating expenses grew 18% against revenue growth of 26%. Net earnings were $0.10B, up 79% year over year. The effective tax rate was 22.2%.
Operating cash flow was $0.20B (up 89% year over year), 204% 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 added $0.05B. Capital expenditures of $0.02B left free cash flow of $0.18B.
Questions
What was BrightSpring Health Services' revenue in the third quarter 2026?
BrightSpring Health Services (BTSG) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +9% from the quarter before.
Was BrightSpring Health Services profitable in the third quarter 2026?
Operating profit was $160M (3.8% of revenue) and net earnings $100M.