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BrightView Holdings, Inc. BV Development Services — Direct Operating Costs

Other segment segments

Maintenance Services
$339.5M+15.7%

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Other financials

Income statement

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Revenue$702.9M+6.1%
Gross profit$137.7M-6.6%
Operating income$16.1M-27.8%
Net income$1.7M-73.4%
EPS (diluted)-$0.08-167%

Balance sheet

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Cash & equivalents$10.1M-92.9%
Total debt$902.6M+2.5%
Total equity$1.2B-1.6%
Total assets$3.4B+1.5%

Cash flow

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Operating cash flow$46.2M-49.3%
CapEx$58.8M+75.0%
Free cash flow-$12.6M-122%

Valuation

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Market cap$1.02B-25.0%
Enterprise value$1.91B-11.5%
P/E21.9×-3.3×
P/S0.4×-0.1×

Profitability

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Gross margin22%-1.3pp
Operating margin4.5%0.0pp
Net margin1.7%+0.1pp
FCF margin3.7%-1.1pp

Returns & leverage

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Return on equity3.7%+0.1pp
Debt / equity0.7×0.0×
Current ratio1.2×-0.2×

Where this comes from

Reported directly by BrightView Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: BrightView Holdings, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-206419
Line itemMaintenanceDevelopmentEliminationsTotal
Net Service Revenues$554.6$149.6$(1.3)$702.9
Less segment expenses
Direct costs(a)339.5112.3(1.2)
Other segment items(b)145.627.7(0.1)
Segment Adjusted EBITDA69.59.679.1
Reconciliation of total segment Adjusted EBITDA
Interest expense, net13.7
Depreciation expense47.4

Item 1. Financial Statements.

FAQ

What is BrightView Holdings, Inc.'s development services — direct operating costs?
BrightView Holdings, Inc. (BV) reported development services — direct operating costs of $112.3M in Q1 2026.
How has BrightView Holdings, Inc.'s development services — direct operating costs changed year-over-year?
BrightView Holdings, Inc.'s development services — direct operating costs decreased by 12.9% year-over-year, from $128.9M to $112.3M.
What does development services — direct operating costs mean?
The total direct expenses incurred to deliver landscape development services, including labor, materials, and equipment usage directly tied to project execution. Monitoring this metric is essential for evaluating the segment's operational efficiency and project-level profitability.

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