Filing Flows › SBC Medical Group Holdings (SBC) › Q1 2026 › vs Q1 2025
SBC Medical Group Holdings (SBC) Q1 2026 vs Q1 2025 (year over year)
SBC Medical Group Holdings's revenue fell $4.3M (-9%) from $47.3M in Q1 2025 to $43.1M in Q1 2026. The biggest changes: Franchising −$6.6M (-42%); Other +$3.4M (+115%); Management Services +$3.2M (+37%). Gross margin 70.5% against 79.7% (-9.3 pts).
SBC Medical Group Holdings, Q1 2026: revenue $43.1M (-9% year over year), operating margin 41.2%, net earnings $11.3M, operating cash flow $9.2M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 70.5% | 79.7% | -9.3 pts |
| Operating margin | 41.2% | 51.1% | -10.0 pts |
| Net margin | 26.3% | 45.4% | -19.2 pts |
| Free cash flow margin | 21.1% | 3.5% | +17.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Procurement Services | $12.3M | $14.3M | −$2.0M | -14% |
| Management Services | $11.9M | $8.7M | $3.2M | +37% |
| Franchising | $9.1M | $15.7M | −$6.6M | -42% |
| Other | $6.3M | $2.9M | $3.4M | +115% |
| Rental Services | $3.4M | $5.6M | −$2.2M | -39% |
| Revenue | $43.1M | $47.3M | −$4.3M | -9% |
| Gross profit | $30.3M | $37.7M | −$7.4M | -20% |
| Cost of revenue | $12.7M | $9.6M | $3.1M | +32% |
| Other income, net | $1.1M | $7.2M | −$6.1M | -84% |
| Operating profit | $17.7M | $24.2M | −$6.5M | -27% |
| Operating expenses | $12.6M | $13.5M | −$904K | -7% |
| Pre-tax earnings | $18.9M | $31.5M | −$12.6M | -40% |
| Net earnings | $11.3M | $21.5M | −$10.2M | -47% |
| Minority interests | $21K | −$10K | $31K | — |
| Income tax | $7.5M | $10.0M | −$2.4M | -24% |
| Depreciation & amortization | $670K | $628K | $42K | +7% |
| Working capital & other | $2.7M | $20.2M | −$17.5M | -86% |
| Operating cash flow | $9.2M | $1.9M | $7.3M | +379% |
| Free cash flow (OCF − capex) | $9.1M | $1.7M | $7.4M | +444% |
| Capital expenditures | $125K | $254K | −$129K | -51% |
Questions
How much did SBC Medical Group Holdings's revenue grow year over year in Q1 2026?
SBC Medical Group Holdings's revenue fell $4.3M (-9%) from $47.3M in Q1 2025 to $43.1M in Q1 2026.
What drove SBC Medical Group Holdings's revenue change in Q1 2026?
Franchising −$6.6M (-42%); Other +$3.4M (+115%); Management Services +$3.2M (+37%).