BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026)
BrightSpring Health Services posted quarterly Operating Expenses of $360.8 million for Q1 2026, up 25.43% year-on-year from $287.6 million in Q1 2025, and up 18.51% on a QoQ basis from $304.4 million in Q4 2025.
BrightSpring Health Services (BTSG) has 4 years of Operating Expenses data on file, last reported at $360.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 25.43% year-over-year to $360.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 13.83% YoY), and the FY2025 full-year result was $1.2 billion, up 5.53% from the prior year.
- Operating Expenses for Q1 2026 stood at $360.8 million, up from $304.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $410.5 million in Q3 2023 and bottomed at $94.7 million in Q4 2023.
- The 4-year median for Operating Expenses is $294.0 million (2024), against an average of $294.0 million.
- Peak annual rise in Operating Expenses reached 198.94% in 2024, while the deepest fall reached 28.39% in 2024.
- A 4-year view of Operating Expenses shows it stood at $94.7 million in 2023, then jumped by 198.94% to $283.1 million in 2024, then grew by 7.53% to $304.4 million in 2025, then advanced by 18.51% to $360.8 million in 2026.
- The last three Operating Expenses figures came in at $360.8 million (Q1 2026), $304.4 million (Q4 2025), and $304.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 675.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 360.77 Mn |
| Dec 31, 2025 | 304.44 Mn |
| Sep 30, 2025 | 304.17 Mn |
| Jun 30, 2025 | 326.30 Mn |
| Mar 31, 2025 | 287.63 Mn |
| Dec 31, 2024 | 283.13 Mn |
| Sep 30, 2024 | 294.00 Mn |
| Jun 30, 2024 | 273.52 Mn |
| Mar 31, 2024 | 307.83 Mn |
| Dec 31, 2023 | 94.71 Mn |
| Sep 30, 2023 | 410.55 Mn |
| Jun 30, 2023 | 292.45 Mn |
| Mar 31, 2023 | 283.16 Mn |