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 | 31.81 Bn | 24.49 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 123.22 Mn |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 596.43 Mn |
| 10 | Omnicell | 1.89 Bn | 1.65 Bn | 140.36 Mn | 123.51 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 |