BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026)
BrightSpring Health Services (BTSG) posted quarterly Operating Expenses of $362.4 million for Q2 2026, up 11.05% year-over-year from $326.3 million in Q2 2025, and little changed on a QoQ basis from $360.8 million in Q1 2026.
BrightSpring Health Services (BTSG) Operating Expenses (2023 - 2026) Analysis & Trends
BrightSpring Health Services has reported Operating Expenses for 4 years, with the latest figure at $362.4 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $362.4 million, up 11.05% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.3 billion (up 11.81% YoY), and the FY2025 annual result was $1.2 billion, up 5.53% from the prior year.
- Operating Expenses steadied at $362.4 million in Q2 2026, from $360.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $410.5 million in Q3 2023 and troughed at $94.7 million in Q4 2023.
- A 4-year average of $298.9 million and a median of $299.1 million in 2024 frame the typical range for Operating Expenses.
- The largest YoY upside for Operating Expenses was 198.94% in 2024 against a maximum downside of 28.39% in 2024.
- A 4-year view of Operating Expenses shows it stood at $94.7 million in 2023, then soared by 198.94% to $283.1 million in 2024, then climbed by 7.53% to $304.4 million in 2025, then increased by 19.03% to $362.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $362.4 million in Q2 2026, $360.8 million in Q1 2026, and $304.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download 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 |