Filing Flows › Surgery Partners (SGRY) › Q2 2026
Surgery Partners (SGRY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Surgery Partners (SGRY) reported revenue of $849M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +5% from the quarter before. Operating margin was 12.0%, net earnings $29.7M (3.5% of revenue).
Surgery Partners, Q2 2026: revenue $849M (+3% year over year), operating margin 12.0%, net earnings $29.7M, operating cash flow $59.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $849M | +5% | +3% |
| Operating profit | $102M | +55% | -9% |
| Net earnings | $29.7M | — | -34% |
| Operating cash flow | $59.3M | +407% | -27% |
| Free cash flow | $37.5M | — | -35% |
What changed
Revenue was $848.9M in Q2 2026, up 3% year over year and up 5% from the previous quarter. Private insurance was the largest line at 47% of revenue. Government added $35.5M year over year (up 10%), 156% of the total change. Private insurance declined 4%.
Operating profit was $102.1M, a 12.0% margin (down 1.5 points year over year). Operating profit fell $9.6M even though revenue rose $22.7M versus Q2 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were −$15.0M. The effective tax rate was 8.0%.
Operating cash flow was $59.3M (down 27% year over year), 200% of net income including minority interests. Non-cash charges added back $39.3M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $21.8M left free cash flow of $37.5M.
Questions
What was Surgery Partners' revenue in the second quarter 2026?
Surgery Partners (SGRY) reported revenue of $849M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +5% from the quarter before.
Was Surgery Partners profitable in the second quarter 2026?
Operating profit was $102M (12.0% of revenue) and net earnings $29.7M.
Source: Surgery Partners 10-Q on SEC EDGAR.