BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026)

BrightSpring Health Services (BTSG) posted Operating Expenses of $360.8 million for Q1 2026, up 18.51% on a QoQ basis from $304.4 million in Q4 2025, and up 25.43% year-over-year from $287.6 million in Q1 2025.

BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026) Analysis & Trends

BrightSpring Health Services' Operating Expenses history runs 4 years deep, the most recent figure standing at $360.8 million for Q1 2026.

  • Quarterly Operating Expenses rose 25.43% year-over-year to $360.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 13.83% YoY) and the FY2025 annual result came in at $1.2 billion, up 5.53% from the prior year.
  • Operating Expenses was $360.8 million for Q1 2026 at BrightSpring Health Services, 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.
  • A 4-year average of $294.0 million and a median of $294.0 million in 2024 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 198.94% in 2024, while the deepest fall reached 28.39% in 2024.
  • BrightSpring Health Services' Operating Expenses stood at $94.7 million in 2023, then surged by 198.94% to $283.1 million in 2024, then increased by 7.53% to $304.4 million in 2025, then climbed by 18.51% to $360.8 million in 2026.
  • Business Quant data shows BTSG's Operating Expenses at $360.8 million in Q1 2026, $304.4 million in Q4 2025, and $304.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 32.06 Bn 24.75 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 14.64 Bn 13.74 Bn 482.22 Mn 360.77 Mn
3 Healthequity 8.29 Bn 8.02 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 5.97 Bn 5.66 Bn 154.23 Mn 122.16 Mn
5 10x Genomics 5.95 Bn 5.41 Bn 106.18 Mn 123.22 Mn
6 MiniMed 4.52 Bn 4.22 Bn 480.00 Mn 398.00 Mn
7 Waystar Holding 4.48 Bn 4.42 Bn 216.84 Mn 233.41 Mn
8 Doximity 3.95 Bn 3.20 Bn 125.97 Mn 101.14 Mn
9 Privia Health 3.14 Bn 2.72 Bn - 596.43 Mn
10 Omnicell 1.87 Bn 1.63 Bn 140.36 Mn 123.51 Mn

Historic Data

Download Data
DateValue
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