BrightSpring Health Services (BTSG) Cost of Revenue (2023 - 2026)
BrightSpring Health Services' Cost of Revenue came in at $278.27 million for Q3 2026, up 26.0% from $220.78 million a year earlier and up 2.5% from the prior quarter.
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Analysis
BrightSpring Health Services (BTSG) Cost of Revenue (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, BrightSpring Health Services reported Cost of Revenue of $1.05 billion, up 21.1% year-over-year; for FY2025, it came in at $885.36 million, up 11.0% from FY2024.
- Cost of Revenue carries a three-year compound annual growth rate of -20.0% (FY2022 to FY2025).
- Going back by year, Cost of Revenue was $797.29 million in FY2024 (+12.1%), $711.3 million in FY2023 (-58.9%) and $1.73 billion in FY2022.
- The Q3 2026 figure represents the highest quarterly Cost of Revenue since Q3 2023.
- Year-over-year, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 17.0% over the last seven quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2026 (growth of 26.0%), and the weakest in Q3 2024 (a decline of 89.4%).
- Business Quant data shows BTSG's Cost of Revenue at $271.4 million (Q2 2026), $260.92 million (Q1 2026) and $236.58 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | - |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 124.82 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 278.27 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 144.84 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 2.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 278.27 Mn |
| Jun 30, 2026 | 271.40 Mn |
| Mar 31, 2026 | 260.92 Mn |
| Dec 31, 2025 | 236.58 Mn |
| Sep 30, 2025 | 220.78 Mn |
| Jun 30, 2025 | 216.44 Mn |
| Mar 31, 2025 | 211.55 Mn |
| Dec 31, 2024 | 215.78 Mn |
| Sep 30, 2024 | 201.02 Mn |
| Jun 30, 2024 | 194.32 Mn |
| Mar 31, 2024 | 186.18 Mn |
| Dec 31, 2023 | -4.68 Bn |
| Sep 30, 2023 | 1.90 Bn |
| Jun 30, 2023 | 1.79 Bn |
| Mar 31, 2023 | 1.69 Bn |
API Access
BrightSpring Health Services Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BTSG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BTSG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BTSG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();