Filing Flows › Surgery Partners (SGRY) › Q1 2026 › vs Q1 2025
Surgery Partners (SGRY) Q1 2026 vs Q1 2025 (year over year)
Surgery Partners's revenue rose $34.9M (+4%) from $776M in Q1 2025 to $811M in Q1 2026. The biggest changes: Patient service revenues +$34.3M (+5%); Other +$600K (+4%).
Surgery Partners, Q1 2026: revenue $811M (+4% year over year), operating margin 8.1%, net loss $2.1M, operating cash flow $11.7M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Private insurance | $399M | $394M | $5.1M | +1% |
| Government | $357M | $328M | $28.9M | +9% |
| Self-pay | $19.2M | $20.1M | −$900K | -4% |
| Other service revenues | $18.8M | $17.6M | $1.2M | +7% |
| Patient service revenues | $794M | $760M | $34.3M | +5% |
| Other | $16.6M | $16.0M | $600K | +4% |
| Revenue | $811M | $776M | $34.9M | +4% |
| Income tax benefit | $1.2M | $0 | $1.2M | — |
| Net loss | $2.1M | $300K | $1.8M | +600% |
| Costs & expenses | $814M | $776M | $37.9M | +5% |
| Operating costs | $745M | $714M | $31.0M | +4% |
| Interest & other, net | $69.1M | $62.2M | $6.9M | +11% |
| General & admin | $39.3M | $36.0M | $3.3M | +9% |
| Other operating costs | $706M | $678M | $27.7M | +4% |
| Operating cash sources | $44.3M | $43.9M | $400K | +0.9% |
| Depreciation & amortization | $38.5M | $36.3M | $2.2M | +6% |
| Share-based compensation | $5.8M | $7.6M | −$1.8M | -24% |
| Net loss absorbed | $2.1M | $300K | $1.8M | +600% |
| Working capital & other | $30.5M | $37.6M | −$7.1M | -19% |
| Operating cash flow | $11.7M | $6.0M | $5.7M | +95% |
| Capital expenditures | $16.0M | $22.7M | −$6.7M | -30% |
| Negative free cash flow (OCF − capex) | $4.3M | $16.7M | −$12.4M | -74% |
Questions
How much did Surgery Partners's revenue grow year over year in Q1 2026?
Surgery Partners's revenue rose $34.9M (+4%) from $776M in Q1 2025 to $811M in Q1 2026.
What drove Surgery Partners's revenue change in Q1 2026?
Patient service revenues +$34.3M (+5%); Other +$600K (+4%).