Filing Flows › SBC Medical Group Holdings (SBC) › Q4 2025
SBC Medical Group Holdings (SBC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
SBC Medical Group Holdings (SBC) reported revenue of $39.6M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -9% from the quarter before. Operating margin was 32.5%, net earnings $14.2M (35.9% of revenue).
SBC Medical Group Holdings, Q4 2025: revenue $39.6M (-11% year over year), operating margin 32.5%, net earnings $14.2M, operating cash flow $52.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.6M | -9% | -11% |
| Gross profit | $28.9M | -5% | -15% |
| Operating profit | $12.8M | -19% | +172% |
| Net earnings | $14.2M | +11% | +117% |
| Operating cash flow | $52.0M | — | — |
| Free cash flow | $51.2M | — | — |
What changed
Revenue was $39.6M in Q4 2025, down 11% year over year and down 9% from the previous quarter. Procurement Services was the largest line at 32% of revenue.
Gross margin was 73.1%, down 3.1 points from Q4 2024. Operating profit was $12.8M, a 32.5% margin (up 21.9 points year over year). Operating expenses fell 45% while revenue fell 11%. Net earnings were $14.2M, up 117% year over year. The effective tax rate was 23.1%. Non-operating items added $5.7M, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $52.0M, 364% of net earnings. Non-cash charges added back $674K of depreciation and amortization. Working capital and other items added $37.0M. Capital expenditures of $798K left free cash flow of $51.2M.
Questions
What was SBC Medical Group Holdings' revenue in the fourth quarter 2025?
SBC Medical Group Holdings (SBC) reported revenue of $39.6M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -9% from the quarter before.
Was SBC Medical Group Holdings profitable in the fourth quarter 2025?
Operating profit was $12.8M (32.5% of revenue) and net earnings $14.2M.