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How SBC Medical Group Holdings (SBC) makes money
SBC Medical Group Holdings (SBC) made $49.4M of revenue in the second quarter 2026 (Q2 2026), +31% from a year earlier. Procurement Services brought in $13.4M (27%); Management Services brought in $12.8M (26%); Waqoo Segment brought in $9.7M (20%). Of every dollar of revenue, 73¢ was left as gross profit, 38¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Procurement Services | $13.4M | 27.1% | — | -15% |
| Management Services | $12.8M | 26.0% | — | +150% |
| Waqoo Segment | $9.7M | 19.7% | — | — |
| Franchising | $9.5M | 19.3% | — | -5% |
| Rental Services | $3.9M | 7.8% | — | -43% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $49.4M | 100.0% |
| Cost of revenue | $13.2M | 26.8% |
| Gross profit | $36.0M | 72.9% |
| Operating expenses | $17.0M | 34.5% |
| Operating profit | $19.0M | 38.4% |
| Income tax | $7.8M | 15.8% |
| Net earnings | $10.7M | 21.7% |
| Operating cash flow | $22.5M | 45.6% |
| Free cash flow | $22.4M | 45.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $49.2M | +13% |
| Q1 2026 | $43.1M | -9% |
| Q4 2025 | $39.6M | -11% |
| Q3 2025 | $43.4M | -18% |
| Q2 2025 | $43.4M | -18% |
| Q1 2025 | $47.3M | -14% |
| Q4 2024 | $44.4M | -29% |
From SBC Medical Group Holdings' 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does SBC Medical Group Holdings make money?
SBC Medical Group Holdings (SBC) made $49.4M of revenue in the second quarter 2026 (Q2 2026), +31% from a year earlier. Procurement Services brought in $13.4M (27%); Management Services brought in $12.8M (26%); Waqoo Segment brought in $9.7M (20%). Of every dollar of revenue, 73¢ was left as gross profit, 38¢ was left as operating profit, 22¢ was left as net earnings.
What is SBC Medical Group Holdings' biggest business?
Procurement Services: $13.4M in the second quarter 2026, 27% of revenue, -15% from a year earlier.
What is SBC Medical Group Holdings' profit margin?
Net earnings were $10.7M, 21.7% of revenue, in the second quarter 2026; the operating margin was 38.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.