Filing Flows › SBC Medical Group Holdings (SBC) › Q2 2025
SBC Medical Group Holdings (SBC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
SBC Medical Group Holdings (SBC) reported revenue of $43.4M for the second quarter 2025 (Q2 2025), -18% from a year earlier and -8% from the quarter before. Operating margin was 33.6%, net earnings $2.5M (5.7% of revenue).
SBC Medical Group Holdings, Q2 2025: revenue $43.4M (-18% year over year), operating margin 33.6%, net earnings $2.5M, operating cash flow −$8.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | -8% | -18% |
| Gross profit | $30.0M | -20% | -24% |
| Operating profit | $14.6M | -40% | -47% |
| Net earnings | $2.5M | -89% | -87% |
| Operating cash flow | −$8.3M | -532% | — |
What changed
Revenue was $43.4M in Q2 2025, down 18% year over year and down 8% from the previous quarter. Procurement Services was the largest line at 36% of revenue. Management Services lost $11.6M year over year (down 69%), 119% of the total change.
Gross margin was 69.2%, down 5.0 points from a year earlier. Operating profit was $14.6M, a 33.6% margin (down 17.8 points year over year). Operating expenses grew 27% against a revenue fall of 18%. Net earnings were $2.5M, down 87% year over year. The effective tax rate was 82.0%.
Operating cash flow was −$8.3M. Non-cash charges added back $636K of depreciation and amortization. Working capital and other items used $11.4M. Capital expenditures of $307K exceeded it, leaving free cash flow of −$8.6M.
Questions
What was SBC Medical Group Holdings' revenue in the second quarter 2025?
SBC Medical Group Holdings (SBC) reported revenue of $43.4M for the second quarter 2025 (Q2 2025), -18% from a year earlier and -8% from the quarter before.
Was SBC Medical Group Holdings profitable in the second quarter 2025?
Operating profit was $14.6M (33.6% of revenue) and net earnings $2.5M.