Brightspring Health Services Inc.
10/20/2025 | Press release | Distributed by Public on 10/20/2025 16:44
BrightSpring Health Services, Inc. Reports Preliminary Third Quarter 2025 Financial Results and Increases Full Year 2025 Guidance (Form 8-K)
BrightSpring Health Services, Inc. Reports Preliminary Third Quarter 2025 Financial Results and Increases Full Year 2025 Guidance
LOUISVILLE, Ky., October 20, 2025 - BrightSpring Health Services, Inc. ("BrightSpring" or the "Company") (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced preliminary financial results for the third quarter ended September 30, 2025, increased Revenue and Adjusted EBITDA1 guidance, and provided details regarding its planned third quarter earnings conference call.
Preliminary Financial Highlights
(note: all figures represent continuing operations and exclude the Community Living business)
•
Revenues of approximately $3,334 million, up 28.2% compared to approximately $2,601 million in the third quarter of 2024.
•
Gross Profit of approximately $392 million, up 21.3% compared to approximately $323 million in the third quarter of 2024.
•
Third quarter net income of approximately $37.5 million, compared to net loss of approximately $25.7 million in the third quarter of 2024.
•
Adjusted EBITDA1 of approximately $160 million, up 37.2% compared to approximately $117 million in the third quarter of 2024.
•
Planned divestiture of Community Living business to Sevita, announced on January 20, 2025, is expected to close in early Q1 2026.
•
Leverage was approximately 3.31x, as calculated under our First Lien Credit Agreement and Second Lien Credit Agreement, at September 30, 2025. The results of the Community Living business are included in such calculation pursuant to our First Lien Credit Agreement and the Second Lien Credit Agreement.
•
Increased 2025 Revenue and Adjusted EBITDA guidance, which excludes the Community Living business and the effects of any future closed acquisitions. All growth rates are shown as compared to the full year 2024 Revenue and Adjusted EBITDA results, excluding the Community Living business:
o
Revenues of $12,400 million to $12,700 million, or 23.1% to 26.1% growth.
▪
Pharmacy Segment Revenue of $10,950 million to $11,200 million, or 25.1% to 27.9% growth.
▪
Provider Segment Revenue of $1,450 million to $1,500 million, or 10.0% to 13.8% growth.
o
Adjusted EBITDA2 of $605 million to $615 million, or 31.5% to 33.7% growth.
These third quarter 2025 results are preliminary and subject to the finalization of the Company's regular financial and accounting procedures, however, the Company does not expect its final results to materially differ from the preliminary results shown within this release. These preliminary estimates are forward-looking statements. The Company's unaudited financial results as of the three and nine months ended September 30, 2025 are not yet finalized.
The Company will announce full third quarter results on October 28th, and host a conference call at 4:30 p.m. Eastern Time on the same day. Management will not be discussing its financial results for the third quarter before its conference call on October 28th. Investors interested in listening to the conference call are required to register online. A live and archived webcast of the event will be available on the "Events & Presentations" section of the BrightSpring website at https://ir.brightspringhealth.com/.
1
Preliminary Key Financials (for BrightSpring continuing operations)
|
Three Months Ended |
Nine Months Ended |
||||||||||
|
September 30, (Unaudited) |
September 30, (Unaudited) |
||||||||||
|
2025 |
2024 |
% |
2025 |
2024 |
% |
||||||
|
($ in millions) |
|||||||||||
|
Pharmacy Solutions Revenue |
$ 2,967 |
$ 2,266 |
31% |
$ 8,289 |
$ 6,357 |
30% |
|||||
|
Provider Services Revenue |
367 |
336 |
9% |
1,071 |
968 |
11% |
|||||
|
Total Revenue |
$ 3,334 |
$ 2,601 |
28% |
$ 9,360 |
$ 7,325 |
28% |
|||||
|
Three Months Ended |
Nine Months Ended |
||||||||||
|
September 30, (Unaudited) |
September 30, (Unaudited) |
||||||||||
|
2025 |
2024 |
% |
2025 |
2024 |
% |
||||||
|
($ in millions) |
|||||||||||
|
Pharmacy Solutions segment EBITDA |
$ 141 |
$ 99 |
42% |
$ 381 |
$ 282 |
35% |
|||||
|
Provider Services segment EBITDA |
61 |
52 |
16% |
168 |
150 |
12% |
|||||
|
Total Segment Adjusted EBITDA |
$ 202 |
$ 151 |
33% |
$ 550 |
$ 432 |
27% |
|||||
|
Corporate Costs |
(42) |
(34) |
- |
(116) |
(102) |
- |
|||||
|
Total Company Adjusted EBITDA(1) |
$ 160 |
$ 117 |
37% |
$ 434 |
$ 330 |
32% |
|||||
1Adjusted EBITDA is a non-GAAP financial measure. Please see "Non-GAAP Financial Information" and the end of this press release for a reconciliation of Adjusted EBITDA to net income (loss), the most directly comparable financial measure prepared in accordance with GAAP.
2A reconciliation of the foregoing guidance for the non-GAAP metric of Adjusted EBITDA to GAAP net income (loss) cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a material impact on its future GAAP financial results.
About BrightSpring Health Services
BrightSpring Health Services provides complementary home- and community-based pharmacy and provider health solutions for complex populations in need of specialized and/or chronic care. Through the Company's service lines, including pharmacy, home health care and primary care, and rehabilitation and behavioral health, we provide comprehensive and more integrated care and clinical solutions in all 50 states to over 460,000 customers, clients and patients daily. BrightSpring has consistently demonstrated strong and often industry-leading quality metrics across its services lines, while improving the quality of life and health for high-need individuals and reducing overall costs to the healthcare system.
Brightspring Health Services Inc. published this content on October 20, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 20, 2025 at 22:44 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]