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BrightSpring Health Services, Inc. BTSG Pharmacy Solutions — Other Direct Costs

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Other financials

Income statement

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Revenue$3.6B+25.6%
Gross profit$482.2M+42.5%
Operating income$121.4M+139%
Net income$148.8M+404%
EPS (diluted)$0.67+379%

Balance sheet

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Cash & equivalents$888.8M+1,598%
Total debt$2.7B-0.6%
Total equity$2.0B+17.3%
Total assets$6.2B+6.3%

Cash flow

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Operating cash flow$122.9M+21.0%
CapEx$21.5M+22.2%
Free cash flow$101.4M+20.8%

Valuation

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Market cap$12.47B+243%
Enterprise value$14.28B+128%
P/E40.2×
P/S0.9×+0.6×

Profitability

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Gross margin12.2%-0.1pp
Operating margin2.7%+1.1pp
Net margin2.3%
FCF margin3%

Returns & leverage

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Return on equity16.9%
Debt / equity1.4×-0.2×
Current ratio1.7×0.0×

Where this comes from

Reported directly by BrightSpring Health Services, Inc. in its filing.

Tagged under the XBRL concept btsg:OtherDirectCosts.

The source filing: BrightSpring Health Services, Inc.’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 8:45 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-199339
Line itemPharmacy SolutionsProvider ServicesTotal Segments
Products revenue$3,171,349$3,171,349
Services revenue442,372442,372
Cost of drugs2,672,7932,672,793
Cost of services260,924260,924
Other direct costs (1)197,782197,782
Segment selling, general, and administrative expenses (2)157,034122,422279,456
Segment depreciation and amortization expense (3)25,3286,95432,282
Segment EBITDA$169,068$65,980$235,048

Item 1. Financial Statements.

FAQ

What is BrightSpring Health Services, Inc.'s pharmacy solutions — other direct costs?
BrightSpring Health Services, Inc. (BTSG) reported pharmacy solutions — other direct costs of $197.78M in Q1 2026.
How has BrightSpring Health Services, Inc.'s pharmacy solutions — other direct costs changed year-over-year?
BrightSpring Health Services, Inc.'s pharmacy solutions — other direct costs increased by 9.5% year-over-year, from $180.64M to $197.78M.
What is the long-term trend for BrightSpring Health Services, Inc.'s pharmacy solutions — other direct costs?
Over 3 years (2022 to 2025), BrightSpring Health Services, Inc.'s pharmacy solutions — other direct costs has grown at a 13.7% compound annual growth rate (CAGR), from $493.34M to $725.32M.
What does pharmacy solutions — other direct costs mean?
These are direct operating expenses, excluding drug costs, required to deliver pharmacy services, such as fulfillment, shipping, and direct labor. These costs are essential for maintaining the operational capacity of the pharmacy segment.

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