BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026)
BrightSpring Health Services' Operating Expenses came in at $362.36 million for Q2 2026, up 11.1% from $326.3 million a year earlier and up 0.4% from the prior quarter.
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Analysis
BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, BrightSpring Health Services reported Operating Expenses of $1.33 billion, up 11.8% year-over-year; for FY2025, it was $1.22 billion, up 5.5% from FY2024.
- Operating Expenses carries a three-year compound annual growth rate of 2.8% (FY2022 to FY2025).
- Going back by year, Operating Expenses was $1.16 billion in FY2024 (+7.2%), $1.08 billion in FY2023 (-4.0%) and $1.13 billion in FY2022.
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q3 2023.
- Year-over-year, Operating Expenses has increased for five consecutive quarters, with growth averaging 28.8% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2024 (growth of 198.9%), and the weakest in Q3 2024 (a decline of 28.4%).
- Business Quant data shows BTSG's Operating Expenses at $360.77 million (Q1 2026), $304.44 million (Q4 2025) and $304.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 17.74 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 458.40 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 1.31 Bn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 2.98 Bn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 362.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 362.36 Mn |
| 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 |
API Access
BrightSpring Health Services Operating Expenses 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=operating-expenses&ticker=BTSG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BTSG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();