BrightSpring Health Services, Inc. (BTSGU)
BrightSpring Health Services, Inc. is a U.S.-based healthcare organization that provides a comprehensive suite of services directly to individuals in their homes and local communities. The company's primary focus is on delivering pharmacy and direct patient care services, encompassing both clinical treatment and supportive assistance. These services are specifically tailored for populations covered by Medicare, Medicaid, and private insurance. Care is administered by a network of clinical providers and pharmacists. Established in 1974, the firm is headquartered in Louisville, Kentucky, and adopted its current name, BrightSpring Health Services, Inc., in May 2021, having previously been known as Phoenix Parent Holdings Inc.
Sector: Services-Home Health Care Services
Industry: Medical - Healthcare Information Services
BrightSpring Health Services, Inc. Tangible Equity Unit
-1.95%$212.10
Prev close$216.31-1.95%Close$212.10
Mkt Cap$42.2B
Float121.88M
O/S198.98M
Inst Own-
SI<0.1%
Div Yield1.59%
Dilution
Financials Summary
Revenue$12.91B
Net Income$190.67M
Total Assets$6.41B
Free Cash Flow$394.69M
Debt & Equity
Debt 59%
Equity 41%
Total Debt$2.71B
Total Equity$1.88B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BTSGU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.41B
Liabilities$4.53B
Accounts Receivable$1.07B
Accounts Payable$1.22B
Inventory$815.18M
PP&E (Net)$376.32M
Goodwill$2.55B
Intangible Assets$557.55M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $12.91B | $11.27B | $8.83B | $7.72B | $6.7B | $5.58B | $4.53B | $2.54B |
| YoY Growth | 14.6% | 27.6% | 14.3% | 15.3% | 20.0% | 23.3% | 78.4% | - |
| Cost of Revenue | $11.39B | $9.68B | $7.39B | $6.37B | $5.45B | $4.53B | $3.69B | $2.16B |
| Gross Profit | $1.52B | $1.59B | $1.43B | $1.35B | $1.25B | $1.05B | $833.91M | $375.91M |
| Gross Margin | 11.8% | 14.1% | 16.2% | 17.5% | 18.6% | 18.8% | 18.4% | 14.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.22B | $1.38B | $1.29B | $1.13B | $1.01B | $883.55M | $770.59M | $301.06M |
| Other | $0 | $0 | $0 | $40.86M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.22B | $1.38B | $1.29B | $1.17B | $1.01B | $883.55M | $770.59M | $301.06M |
| Operating Income (EBIT) | $295.25M | $206.37M | $147.18M | $187.83M | $234.18M | $165.19M | $63.31M | $74.85M |
| Operating Margin | 2.3% | 1.8% | 1.7% | 2.4% | 3.5% | 3.0% | 1.4% | 3.0% |
| Interest Expense | $157.31M | $228.39M | $324.59M | $233.58M | $165.32M | $138.95M | $166.89M | $74.61M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$157.31M | -$241.11M | -$324.59M | -$233.58M | -$165.32M | -$138.95M | -$166.89M | -$85.68M |
| Income Before Tax (EBT) | $137.94M | -$34.74M | -$177.41M | -$45.75M | $68.86M | $26.24M | -$103.58M | -$10.83M |
| Income Tax Expense | $33.15M | -$14.22M | -$20.58M | $8.46M | $17.6M | $5.09M | -$32.49M | -$3.21M |
| Net Income | $190.67M | -$18.06M | -$154.6M | -$53.91M | $49.8M | $20.81M | -$72.38M | -$7.62M |
| Net Income Margin | 1.5% | -0.2% | -1.8% | -0.7% | 0.7% | 0.4% | -1.6% | -0.3% |
| Supplementary Data | ||||||||
| EPS | 0.94 | -0.09 | -0.90 | -0.31 | 0.29 | 0.12 | -0.42 | -0.04 |
| Diluted EPS | 0.87 | -0.09 | -0.90 | -0.31 | 0.29 | 0.12 | -0.42 | -0.04 |
| Weighted Average OS | 202.56M | 193.00M | 171.19M | 171.19M | 171.19M | 171.19M | 171.19M | 171.19M |
| EBITDA | $459.53M | $398.13M | $349.52M | $391.8M | $433.34M | $346.69M | $218.18M | $156.02M |
| EBITDA Margin | 3.6% | 3.5% | 4.0% | 5.1% | 6.5% | 6.2% | 4.8% | 6.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $88.37M | $61.25M | $13.07M | $13.63M | $46.73M | $262M | $18.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $88.37M | $61.25M | $13.07M | $13.63M | $46.73M | $262M | $18.3M |
| Accounts Receivable | $1.07B | $1.15B | $1.01B | $868.35M | $805M | $700.84M | $622.28M |
| Inventory | $815.18M | $640.57M | $402.78M | $430.52M | $299.22M | $300.06M | $198.47M |
| Other Current Assets | $899.01M | $24.59M | $13.19M | $13.51M | $12.66M | $16.41M | $23.37M |
| Total Current Assets | $2.89B | $1.89B | $1.46B | $1.34B | $1.18B | $1.29B | $870.68M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $376.32M | $500.03M | $513.35M | $475.27M | $524.64M | $450.71M | $432.55M |
| Goodwill | $2.55B | $2.67B | $2.61B | $2.58B | $2.66B | $1.67B | $1.41B |
| Intangible Assets | $557.55M | $811.48M | $881.48M | $975.86M | $1.11B | $1.1B | $1.07B |
| Long-Term Investments | $8.2M | $670K | $720K | $736K | $2.66M | $2.48M | $2.37M |
| Deferred Tax Assets | $0 | $5.58M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $31.51M | $43.8M | $72.12M | $68.93M | $35.78M | $32.22M | $34.56M |
| Total Long-Term Assets | $3.52B | $4.03B | $4.08B | $4.1B | $4.33B | $3.25B | $2.95B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.41B | $5.93B | $5.53B | $5.44B | $5.51B | $4.54B | $3.82B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $1.22B | $941.29M | $641.61M | $526.92M | $408.11M | $355.75M | $252.75M |
| Short-Term Debt | $52.34M | $48.73M | $32.27M | $30.41M | $40.54M | $22.5M | $18.48M |
| Current Income Tax Payable | $0 | $10.32M | $9.3M | $8.42M | $7.67M | $7.82M | $8.16M |
| Current Unearned Revenue | $9.04M | $11M | $30.85M | $29.04M | $10.49M | $22.76M | $3.31M |
| Other Current Liabilities | $297.19M | $98.84M | $118.14M | $80.73M | $95.87M | $16.18M | $14.19M |
| Total Current Liabilities | $1.85B | $1.43B | $1.25B | $932.51M | $892.16M | $742.79M | $621.97M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $2.46B | $2.56B | $3.33B | $3.36B | $3.39B | $2.67B | $2.16B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $6.18M | $0 | $23.67M | $79.39M | $98.16M | $121.64M | $65.68M |
| Other Long-Term Liabilities | $66.56M | $71.76M | $91.94M | $75.94M | $77.04M | $57.98M | $65.46M |
| Total Long-Term Liabilities | $2.68B | $2.85B | $3.67B | $3.72B | $3.82B | $3.06B | $2.49B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.53B | $4.27B | $4.92B | $4.66B | $4.71B | $3.81B | $3.11B |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.92M | $1.74M | $1.18M | $1.18M | $1.18M | $745.17M | $745.88M |
| Retained Earnings | -$74.65M | -$222.16M | -$200.32M | -$45.72M | $971K | -$51.75M | -$94.28M |
| Comprehensive Income & Other | -$6.69M | $1.42M | $12.54M | $21.19M | $217K | $185K | $132K |
| Other Stockholders' Equity | $1.95B | $1.87B | $783.88M | $799.31M | $772.67M | $11.56M | $5.28M |
| Total Equity | $1.88B | $1.65B | $584.74M | $754.78M | $774.82M | $704.98M | $656.87M |
| Minority Interest | $11.3M | $3.73M | $27.81M | $29.31M | $25.65M | $30.39M | $53.36M |
| Total Liabilities and Equity | $6.4B | $5.92B | $5.5B | $5.41B | $5.49B | $4.51B | $3.76B |
| Supplementary Data | |||||||
| Total Debt | $2.71B | $2.9B | $3.67B | $3.68B | $3.77B | $2.97B | $2.44B |
| Net Debt | $2.62B | $2.84B | $3.66B | $3.66B | $3.72B | $2.71B | $2.43B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $189.11M | -$20.52M | -$156.84M | -$54.22M | $51.26M | $21.15M | -$71.09M | -$7.62M |
| Depreciation & Amortization | $164.28M | $204.48M | $202.34M | $203.97M | $199.16M | $181.5M | $154.87M | $81.17M |
| Deferred Income Tax | $14.84M | -$25.91M | -$52.63M | -$27.96M | $6.49M | $22.6M | -$34.41M | -$4.95M |
| Stock-Based Compensation | $70.1M | $69.17M | $3.92M | $3.55M | $4.52M | $6.27M | $3.71M | $1.44M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$131.29M | -$179.04M | -$127.25M | -$150.47M | -$93M | -$58.91M | -$53.95M | -$31.41M |
| Inventory | -$177.91M | -$236.51M | $28.66M | -$131.83M | $4.29M | -$95.73M | -$16.03M | $16.56M |
| Accounts Payable | $264.17M | $303.21M | $105.65M | $133.47M | $63.54M | $100.43M | $46.78M | $19.58M |
| Other Working Capital | $26.48M | -$157.73M | $152.37M | -$75.63M | -$4.94M | $18.13M | $16.72M | -$14.92M |
| Total Working Capital Change | -$18.54M | -$270.07M | $159.44M | -$224.47M | -$30.11M | -$36.08M | -$6.48M | -$10.2M |
| Other Non-Cash Items | $70.38M | $66.63M | $54.56M | $94.48M | $38.85M | $27.2M | $64.31M | $16.61M |
| Net Cash from Operating | $490.17M | $23.77M | $210.78M | -$4.65M | $270.17M | $222.64M | $110.91M | $76.45M |
| Investing Activities | ||||||||
| Capital Expenditures | -$95.48M | -$80.91M | -$73.53M | -$70.11M | -$59.27M | -$51.91M | -$51.22M | -$33.2M |
| Acquisitions | -$204.56M | -$59.8M | -$63.06M | $113.33M | -$1.13B | -$402.01M | -$1.48B | -$2.41M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$5.03M | $473K | $2.15M | $2.13M | $1.7M | $1.05M | $1.41M | -$1.72M |
| Net Cash from Investing | -$305.08M | -$140.24M | -$134.43M | $45.36M | -$1.19B | -$452.87M | -$1.53B | -$37.34M |
| Financing Activities | ||||||||
| Debt Repaid | $127.12M | $829.36M | $66.14M | $68.93M | -$726.86M | -$493.17M | -$1.27B | $29.55M |
| Common Stock Issuance | $25.28M | $1.05B | $0 | $0 | $12.8M | $0 | $273.43M | $0 |
| Common Stock Repurchases | -$43.17M | -$650K | -$650K | $0 | -$417K | -$1.12M | -$12.29M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$12.85M | -$50.83M | -$10.12M | -$4.88M | -$34.03M | -$18.11M | -$118.59M | -$2.65M |
| Net Cash from Financing | -$157.87M | $164.65M | -$76.91M | -$73.81M | $705.22M | $473.94M | $1.41B | -$32.21M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $27.22M | $48.18M | -$557K | -$33.11M | -$215.27M | $243.71M | -$12.23M | $6.91M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $490.17M | $23.77M | $210.78M | -$4.65M | $270.17M | $222.64M | $110.91M | $76.45M |
| Capital Expenditure | -$95.48M | -$80.91M | -$73.53M | -$70.11M | -$59.27M | -$51.91M | -$51.22M | -$33.2M |
| Free Cash Flow | $394.69M | -$57.14M | $137.26M | -$74.77M | $210.9M | $170.73M | $59.69M | $43.25M |
| Cash at Beginning | $61.25M | $13.07M | $13.63M | $46.73M | $262M | $18.3M | $30.52M | $23.61M |
| Cash at End | $88.48M | $61.25M | $13.07M | $13.63M | $46.73M | $262M | $18.3M | $30.52M |