Filing Flows › Option Care Health (OPCH) › Q4 2025
Option Care Health (OPCH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Option Care Health (OPCH) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +2% from the quarter before. Operating margin was 6.2%, net earnings $58.5M (4.0% of revenue).
Option Care Health, Q4 2025: revenue $1.5B (+9% year over year), operating margin 6.2%, net earnings $58.5M, operating cash flow $35.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +2% | +9% |
| Gross profit | $283M | +4% | +5% |
| Operating profit | $91.5M | +8% | +5% |
| Net earnings | $58.5M | +13% | -3% |
| Operating cash flow | $35.9M | -74% | -0.6% |
| Free cash flow | $22.2M | -83% | -14% |
What changed
Revenue was $1.5B in Q4 2025, up 9% year over year and up 2% from the previous quarter.
Gross margin was 19.3%, down 0.6 points from a year earlier. Operating profit was $0.09B, a 6.2% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 6% margin then. Operating expenses grew 6% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $0.06B, down 3% year over year. The effective tax rate was 28.2%.
Operating cash flow was $0.04B (down 1% year over year), 61% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.01B left free cash flow of $0.02B.
Questions
What was Option Care Health's revenue in the fourth quarter 2025?
Option Care Health (OPCH) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +2% from the quarter before.
Was Option Care Health profitable in the fourth quarter 2025?
Operating profit was $91.5M (6.2% of revenue) and net earnings $58.5M.
Source: Option Care Health 10-K on SEC EDGAR.