Filing Flows › SBC Medical Group Holdings (SBC) › Q2 2026 › vs Q2 2025
SBC Medical Group Holdings (SBC) Q2 2026 vs Q2 2025 (year over year)
SBC Medical Group Holdings's revenue rose $5.8M (+13%) from $43.4M in Q2 2025 to $49.2M in Q2 2026. The biggest changes: Waqoo Segment +$9.7M (—); Management Services +$7.7M (+150%); Rental Services −$3.0M (-43%). Gross margin 73.1% against 69.2% (+3.9 pts).
SBC Medical Group Holdings, Q2 2026: revenue $49.2M (+13% year over year), operating margin 38.5%, net earnings $10.7M, operating cash flow $22.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.1% | 69.2% | +3.9 pts |
| Operating margin | 38.5% | 33.6% | +5.0 pts |
| Net margin | 21.7% | 5.7% | +16.1 pts |
| Free cash flow margin | 45.6% | -19.9% | +65.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Procurement Services | $13.4M | $15.8M | −$2.4M | -15% |
| Management Services | $12.8M | $5.1M | $7.7M | +150% |
| Waqoo Segment | $9.7M | $0 | $9.7M | — |
| Franchising | $9.5M | $10.0M | −$493K | -5% |
| Rental Services | $3.9M | $6.9M | −$3.0M | -43% |
| Revenue | $49.2M | $43.4M | $5.8M | +13% |
| Gross profit | $36.0M | $30.0M | $6.0M | +20% |
| Cost of revenue | $13.2M | $13.3M | −$138K | -1% |
| Operating profit | $19.0M | $14.6M | $4.4M | +30% |
| Operating expenses | $17.0M | $15.5M | $1.6M | +10% |
| Pre-tax earnings | $19.0M | $13.5M | $5.4M | +40% |
| Net earnings | $10.7M | $2.5M | $8.2M | +335% |
| Minority interests | $469K | −$18K | $488K | — |
| Income tax | $7.8M | $11.1M | −$3.3M | -30% |
| Depreciation & amortization | $1.1M | $636K | $496K | +78% |
| Working capital & other | $10.7M | −$11.4M | $22.1M | — |
| Operating cash flow | $22.5M | −$8.3M | $30.8M | — |
| Free cash flow (OCF − capex) | $22.4M | −$8.6M | $31.1M | — |
| Capital expenditures | $84K | $307K | −$222K | -72% |
Questions
How much did SBC Medical Group Holdings's revenue grow year over year in Q2 2026?
SBC Medical Group Holdings's revenue rose $5.8M (+13%) from $43.4M in Q2 2025 to $49.2M in Q2 2026.
What drove SBC Medical Group Holdings's revenue change in Q2 2026?
Waqoo Segment +$9.7M (—); Management Services +$7.7M (+150%); Rental Services −$3.0M (-43%).