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Bright Horizons Family Solutions BFAM Full service center-based child care — Asset impairment charges

Other segment segments

Back-up care
$500K-54.5%

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Other financials

Income statement

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Revenue$779.2M+6.5%
Gross profit$189.0M+3.5%
Operating income$79.8M-7.2%
Net income$40.6M-25.8%
EPS (diluted)$0.79-16.8%

Balance sheet

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Cash & equivalents$167.8M-14.9%
Total debt$1.8B+12.1%
Total equity$943.5M-32.6%
Total assets$3.8B-3.3%

Cash flow

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Operating cash flow$95.1M-29.2%
CapEx$19.0M+0.8%
Free cash flow$76.1M-34.0%

Valuation

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Market cap$3.97B-41.8%
Enterprise value$5.65B-31.7%
P/E22.7×-15.9×
P/S1.3×-1.1×

Profitability

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Gross margin23.5%-0.2pp
Operating margin10.3%0.0pp
Net margin5.8%-0.6pp
FCF margin8.6%

Returns & leverage

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Return on equity14.9%+1.8pp
Debt / equity+0.8×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Bright Horizons Family Solutions in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Bright Horizons Family Solutions’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437578-26-000020

Nonrecurring Fair Value Estimates — During the three months ended June 30, 2026, the Company recognized impairment losses of $19.1 million. This includes $12.8 million primarily related to operating lease right-of-use assets and fixed assets, and $6.3 million of goodwill, in its full service center-based child care segment. The Company continues to monitor developments in certain markets which could lead to future impairment.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Bright Horizons Family Solutions's full service center-based child care — asset impairment charges?
Bright Horizons Family Solutions (BFAM) reported full service center-based child care — asset impairment charges of $19.1M in Q2 2026.
How has Bright Horizons Family Solutions's full service center-based child care — asset impairment charges changed year-over-year?
Bright Horizons Family Solutions's full service center-based child care — asset impairment charges increased by 62.6% year-over-year, from $11.75M to $19.1M.
What is the long-term trend for Bright Horizons Family Solutions's full service center-based child care — asset impairment charges?
Over 2 years (2023 to 2025), Bright Horizons Family Solutions's full service center-based child care — asset impairment charges has grown at a 21.2% compound annual growth rate (CAGR), from $32M to $47M.
What does full service center-based child care — asset impairment charges mean?
Non-cash charges recognized when the carrying value of long-lived assets within the child care segment exceeds their fair value. Frequent or large impairment charges may indicate overvaluation of acquired assets or declining performance in specific center locations. This metric is critical for evaluating the quality of earnings and asset management effectiveness.

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