BrightSpring Health Services, Inc. BTSG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Pharmacy Solutions | $3.17B+25.2% | $3.16B+31.7% | $2.97B+31.0% | $2.79B+32.0% | $2.53B+28.1% | |
| Provider Services | $442.4M+27.9% | $394.1M+12.6% | $367.1M+9.4% | $357.6M+10.4% | $345.9M+12.0% | |
| Selling General And Administrative Expense From Reportable by Business | ||||||
| Pharmacy Solutions | $157.03M+35.7% | $119.15M-1.1% | $131.12M+11.7% | $136.04M+17.8% | $115.74M+6.2% | |
| Provider Services | $122.42M+35.9% | $99.26M+16.4% | $93.03M+5.1% | $91.87M+8.4% | $90.1M+10.5% | |
| Earnings Before Interest Income Taxes Depreciation And Amortization From Reportable by Business | ||||||
| Pharmacy Solutions | $169.07M+46.1% | $162.1M+43.6% | $140.99M+42.2% | $124.69M+32.0% | $115.73M+31.2% | |
| Provider Services | $65.98M+29.2% | $64.45M+15.9% | $60.67M+16.0% | $56.46M+11.4% | $51.08M+9.3% | |
| Depreciation And Amortization Expense From Reportable by Business | ||||||
| Pharmacy Solutions | $25.33M-7.9% | $26.21M-8.8% | $26.45M-5.2% | $27.03M-0.7% | $27.51M+1.0% | |
| Provider Services | $6.95M+2.7% | $6.2M-7.7% | $7.34M+17.1% | $7.17M+20.6% | $6.77M+17.9% | |
| Concentration Risk % by Business | ||||||
| Pharmacy Solutions | 87.8%-0.2pp | 0.1%0.0pp | 89%+1.9pp | 88.6%+1.9pp | 88%+1.5pp | |
| Provider Services | 12.2%+0.2pp | —— | 11%-1.9pp | 11.4%-1.9pp | 12%-1.5pp | |
| Goodwill by Business | ||||||
| Pharmacy Solutions | $841.05M0.0% | $841.05M0.0% | $841.05M0.0% | $841.05M0.0% | $841.05M+0.7% | |
| Provider Services | $1.69B+10.7% | $1.7B+11.9% | $1.53B-16.5% | $1.53B-14.4% | $1.53B-13.8% | |
| Goodwill Foreign Currency Translation Gain Loss by Business | ||||||
| Pharmacy Solutions | $0— | $0— | $0— | $0— | $0— | |
| Provider Services | -$62K-426% | $65K+127% | —— | $173K+568% | $19K+118% | |
| Goodwill Purchase Accounting Adjustments by Business | ||||||
| Pharmacy Solutions | $0— | $0— | $0— | $0— | $0— | |
| Provider Services | -$12.06M-4,221% | $0-100% | $500K— | -$93K— | -$279K-39.5% | |
| Revenue by Product | ||||||
| Commercial Insurance | $1.01B+41.7% | $931.7M+31.3% | $869.6M+31.6% | $786.1M+28.4% | $715.9M+31.2% | |
| Medicaid | $405.7M+25.5% | $401.5M+27.8% | $415.7M+39.1% | $354.7M+25.1% | $323.3M+19.7% | |
| Medicare A | $308.9M+17.5% | $296.8M+8.6% | $270M+5.4% | $264.7M+12.4% | $262.8M+12.0% | |
| Medicare B | $21.8M+3.8% | $21.3M-20.5% | $20.4M-0.5% | $20.1M-19.0% | $21M-11.8% | |
| Medicare C | $667M+28.2% | $680.8M+48.1% | $621.8M+40.6% | $590.2M+45.4% | $520.3M+45.7% | |
| Medicare D | $1.07B+17.9% | $1.12B+31.9% | $1.06B+28.1% | $1.01B+31.0% | $910.9M+20.4% | |
| Private And Other | $121.9M-1.6% | $98.5M-13.5% | $78.2M-18.9% | $123.5M+16.1% | $123.9M+25.9% | |
| Concentration Risk % by Product | ||||||
| Commercial Insurance | 28%+3.2pp | 0.2%-0.1pp | 26%+0.6pp | 25%-0.1pp | 24.8%+0.9pp | |
| Medicaid | 11.2%-0.1pp | —— | 12.4%+0.9pp | 11.3%-0.3pp | 11.3%-0.5pp | |
| Medicare A | 8.5%-0.7pp | —— | 8.1%-1.8pp | 8.4%-1.2pp | 9.2%-1.1pp | |
| Medicare B | 0.6%-0.2pp | —— | 0.7%0.0pp | 0.6%-0.4pp | 0.8%-0.2pp | |
| Medicare C | 18.5%+0.5pp | 0.2%+0.1pp | 18.7%+1.7pp | 18.8%+2.1pp | 18%+2.4pp | |
| Medicare D | 29.7%-1.9pp | —— | 31.7%-0.1pp | 32%+0.4pp | 31.6%-1.5pp | |
| Private And Other | 3.5%-0.8pp | —— | 2.4%-1.3pp | 3.9%-0.5pp | 4.3%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does BrightSpring Health Services, Inc. break its business down?
- BrightSpring Health Services, Inc. (BTSG) reports revenue by business across 2 parts — Pharmacy Solutions and Provider Services. Each is extracted from the segment footnotes and tracked over time.
- Where does BrightSpring Health Services, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in BrightSpring Health Services, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
