BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) Form 10-Q — Aug 6, 2026
Bright Horizons reported Q2 2026 revenue of $779.2 million, up 6.5% year over year, but GAAP net income fell 26% to $40.6 million and diluted EPS came in at $0.79 versus $0.95 a year ago. The decline was driven by $19.1 million of impairment losses in the full service child care segment and an effective tax rate that jumped to 38.2% from 27.4%. On an adjusted basis the quarter was stronger: adjusted EBITDA rose 13% to $130.6 million and diluted adjusted EPS rose to $1.28 from $1.07. Back-up care was the standout with revenue up 19% on higher utilization, while full service child care revenue grew 3% on roughly 4% tuition rate increases.
Key figures
- Eps
- 0.79
- Revenue
- 779178000
- Net Income
- 40635000
- Total Debt
- 1287386000
- Revenue Yoy
- 6.5%
- Total Assets
- 3790050000
- Cash Position
- 163691000
- Shares Outstanding
- 48635306
- H1 2026 revenue
- 1491400000
- New term loan a
- $375 million issued June 1, 2026, maturing April 17, 2030
- Centers operated
- 988
- Revolver capacity
- $1.0 billion with $520.1 million available at June 30, 2026
- H1 2026 net income
- 74743000
- Adjusted ebitda q2 2025
- 115615000
- Adjusted ebitda q2 2026
- 130556000
- Working capital deficit
- 506600000
- Center capacity children
- 112500
- Interest expense q2 2026
- 14023000
- Impairment losses q2 2026
- $19.1 million ($12.8M long-lived assets, $6.3M goodwill)
- Share repurchases h1 2026
- $473.2 million (~6.6 million shares)
- Effective tax rate q2 2025
- 27.4%
- Effective tax rate q2 2026
- 38.2%
- H1 2026 operating cash flow
- 202792000
- Diluted adjusted eps q2 2025
- 1.07
- Diluted adjusted eps q2 2026
- 1.28
- Buyback authorization remaining
- $328.7 million of $600 million program
- Backup care revenue growth q2 yoy
- 19.0%
- Full service childcare revenue growth q2 yoy
- 3.2%
Price after filing
Close on the filing date to close N calendar days later (from $73.97). Historical, not a forecast.
AI analysis
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