Filing Flows › SBC Medical Group Holdings (SBC) › Q1 2026 › vs Q4 2025
SBC Medical Group Holdings (SBC) Q1 2026 vs Q4 2025 (quarter over quarter)
SBC Medical Group Holdings's revenue rose $3.5M (+9%) from $39.6M in Q4 2025 to $43.1M in Q1 2026. The biggest changes: Management Services +$5.6M (+89%); Franchising −$1.2M (-12%); Rental Services −$885K (-20%). Gross margin 70.5% against 73.1% (-2.6 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 70.5% | 73.1% | -2.6 pts |
| Operating margin | 41.2% | 32.5% | +8.7 pts |
| Net margin | 26.3% | 35.9% | -9.6 pts |
| Free cash flow margin | 21.1% | 129.3% | -108.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Procurement Services | $12.3M | $12.6M | −$213K | -2% |
| Management Services | $11.9M | $6.3M | $5.6M | +89% |
| Franchising | $9.1M | $10.3M | −$1.2M | -12% |
| Other | $6.3M | $6.1M | $157K | +3% |
| Rental Services | $3.4M | $4.3M | −$885K | -20% |
| Revenue | $43.1M | $39.6M | $3.5M | +9% |
| Gross profit | $30.3M | $28.9M | $1.4M | +5% |
| Cost of revenue | $12.7M | $10.6M | $2.1M | +20% |
| Other income, net | $1.1M | $5.7M | −$4.6M | -80% |
| Operating profit | $17.7M | $12.8M | $4.9M | +38% |
| Operating expenses | $12.6M | $16.1M | −$3.5M | -21% |
| Pre-tax earnings | $18.9M | $18.6M | $290K | +2% |
| Net earnings | $11.3M | $14.2M | −$2.9M | -20% |
| Minority interests | $21K | $80K | −$59K | -74% |
| Income tax | $7.5M | $4.3M | $3.2M | +76% |
| Depreciation & amortization | $670K | $674K | −$3K | -0.5% |
| Working capital & other | $2.7M | −$37.1M | $39.8M | — |
| Operating cash flow | $9.2M | $52.0M | −$42.7M | -82% |
| Free cash flow (OCF − capex) | $9.1M | $51.2M | −$42.1M | -82% |
| Capital expenditures | $125K | $798K | −$673K | -84% |
Questions
How much did SBC Medical Group Holdings's revenue grow quarter over quarter in Q1 2026?
SBC Medical Group Holdings's revenue rose $3.5M (+9%) from $39.6M in Q4 2025 to $43.1M in Q1 2026.
What drove SBC Medical Group Holdings's revenue change in Q1 2026?
Management Services +$5.6M (+89%); Franchising −$1.2M (-12%); Rental Services −$885K (-20%).