{ "ok": true, "cik": "1865782", "ticker": "BTSG", "name": "BrightSpring Health Services, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-07-31", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526327014/0001193125-26-327014-index.htm" }, { "form": "8-K", "filed": "2026-07-31", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526326654/0001193125-26-326654-index.htm" }, { "form": "8-K", "filed": "2026-06-12", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526269360/0001193125-26-269360-index.htm" }, { "form": "8-K", "filed": "2026-06-05", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526259531/0001193125-26-259531-index.htm" }, { "form": "8-K", "filed": "2026-05-21", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526234435/0001193125-26-234435-index.htm" }, { "form": "10-Q", "filed": "2026-05-01", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526199339/0001193125-26-199339-index.htm" } ], "events12m": 11, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526269360/0001193125-26-269360-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001865782.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1865782" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up BrightSpring Health Services, Inc. ($BTSG). Last filing: 10-Q, 2026-07-31. 11 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 12910564000, "revenueGrowth1y": 0.28180000941203187, "revenueGrowthPerYear": 0.18690281361703298, "yearsOfData": 4, "operatingMargin": 0.022869024157271517, "operatingMarginPrior": 0.010718001027380871, "netMargin": 0.01476821616778322, "operatingCashFlow": 490169000, "capitalSpending": 95484000, "freeCashFlow": 394685000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 88370000, "longTermDebt": 2507544000, "longTermDebtChange": -0.039469727643212216, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 7720560000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 7691016000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 10072214000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 12910564000 } ], "totalEquity": 1875065000, "totalAssets": 6413311000, "equityRatio": 0.2923708206260386, "returnOnEquity": 0.10168500825304723, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 0.94, "sharesOutstanding": 219774000, "bookValuePerShare": 8.531787199577748, "revenuePerShare": 58.74472867582153, "range80": { "low": 13244590319.352665, "high": 17824158299.776527, "baseline": 15936472429.728453, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.4, "growthYears": 3, "ownVolatility": 0.1521242328779647, "classVolatility": 0.06659579566308972, "volatility": 0.10916827786259017 }, "ifPaceHeld": { "low": 13244590319.352665, "high": 17824158299.776527 } }, "edgarette": "🔖 Exposure: revenue $12.9B (FY2025), total debt $2.5B. Experience: revenue up 28.2% on the year, up 18.7% a year over 3 years; operating margin 2.3%, up from 1.1%. Soundness: equity 29.2% of assets, return on equity 10.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $13.2B and $17.8B next year (method v4.1: its own 3-year record of growth weighed at 40% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $11.6B to $20.1B. A statistical range, not company guidance. Against peers (54 filers, $50M+ revenue, its industry group): operating margin 2.3% against a 2.0% median; growth 28.2% against 13.0%.", "peers": { "sic": 8082, "sicDescription": "Services-Home Health Care Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "80", "growth": [ 0.1303, 61 ], "opMargin": [ 0.0199, 54 ], "equityRatio": [ 0.4419, 59 ], "returnOnEquity": [ 0.0155, 49 ], "payoutRatio": [ 0.1928, 13 ] }, "summary": "BrightSpring Health Services (BTSG) grew revenue 28.2% in FY2025 to $12.9 billion, operating margin 2.3%, in line with the 2.0% median for services-home health care services, equity 29.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BrightSpring Health Services, Inc. against its own record and its peers
Operating marginPeer median 2.0%2.3%Revenue, on the yearPeer median 13.0%28.2%Equity of assetsPeer median 44.2%29.2%Return on equityPeer median 1.6%10.2%Gold tick: the median of 49–59 peers with $50M+ revenue in services-home health care services
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:21.365Z", "hash": "791f363cf69fd7a5", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "BrightSpring Health Services (BTSG) grew revenue 28.2% in FY2025 to $12.9 billion, operating margin 2.3%, in line with the 2.0% median for services-home health care services, equity 29.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 12910564000, "totalDebt": 2507544000, "cash": 88370000 }, "experience": { "revenueGrowth1y": 0.28180000941203187, "revenueGrowthPerYear": 0.18690281361703298, "operatingMargin": 0.022869024157271517, "operatingMarginPrior": 0.010718001027380871, "netMargin": 0.01476821616778322, "freeCashFlow": 394685000 }, "soundness": { "equityRatio": 0.2923708206260386, "returnOnEquity": 0.10168500825304723, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 8082, "sicDescription": "Services-Home Health Care Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "80", "growth": [ 0.1303, 61 ], "opMargin": [ 0.0199, 54 ], "equityRatio": [ 0.4419, 59 ], "returnOnEquity": [ 0.0155, 49 ], "payoutRatio": [ 0.1928, 13 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/1865782/000119312526269360/0001193125-26-269360-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 13244590319.352665, "high": 17824158299.776527, "baseline": 15936472429.728453, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.4, "growthYears": 3, "ownVolatility": 0.1521242328779647, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.10916827786259017, "k": 3 }, "stress": { "low": 11624747391.18063, "high": 20076557487.270702, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:21.365Z", "hash": "791f363cf69fd7a5", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001865782.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1865782" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.038, "growth3y": 0.2483, "volatility": 0.0654, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2924, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "notyet", "inside": "Turns 3.8% of revenue into operating cash; revenue growing 24.8% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 15th percentile for cash, 95th for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$10B+", "cashPctInClass": 15, "growthPctInClass": 95, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 490169000, "investing": -305079000, "financing": -157866000, "capitalSpending": 95484000, "free": 394685000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": -4653000, "free": -74766000 }, { "fiscalYearEnd": "2023-12-31", "operating": 210783000, "free": 137256000 }, { "fiscalYearEnd": "2024-12-31", "operating": 23774000, "free": -57139000 }, { "fiscalYearEnd": "2025-12-31", "operating": 490169000, "free": 394685000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 88370000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 6413311000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.038, "growth3y": 0.2483, "volatility": 0.0654, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2924, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "notyet", "inside": "Turns 3.8% of revenue into operating cash; revenue growing 24.8% a year over three years; no common dividend.", "outside": "Among $10B+ companies: 15th percentile for cash, 95th for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$10B+", "cashPctInClass": 15, "growthPctInClass": 95, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 490169000, "investing": -305079000, "financing": -157866000, "capitalSpending": 95484000, "free": 394685000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": -4653000, "free": -74766000 }, { "fiscalYearEnd": "2023-12-31", "operating": 210783000, "free": 137256000 }, { "fiscalYearEnd": "2024-12-31", "operating": 23774000, "free": -57139000 }, { "fiscalYearEnd": "2025-12-31", "operating": 490169000, "free": 394685000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 88370000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 6413311000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }