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Surgery Partners, Inc. SGRY Q2 2025 earnings

Reported August 5, 2025 · Before market open

Revenue$826.2MBeat by $2.7M
EPS$0.17Beat by $0.01
Revenue estimate$823.5M
EPS estimate$0.16

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$830.0M
EPS estimate$0.02

Financials

Q2 2025

Income statement

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Revenue$826.2M+8.4%
Operating income$111.7M+31.7%
Net income-$2.5M+83.9%
EPS (diluted)-$0.02+83.3%

Balance sheet

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Cash & equivalents$250.1M+17.1%
Total debt$4.9B+15.5%
Total equity$1.7B-10.5%
Total assets$8.0B+6.2%

Cash flow

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Operating cash flow$81.3M-1.8%
CapEx$23.4M-13.0%
Free cash flow$57.9M+3.6%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$2.71B-9.7%
Enterprise value$7.35B+4.7%
P/S0.8×-0.2×

Profitability

See full
Operating margin11.2%-0.8pp
Net margin-5.6%-7.6pp
FCF margin5.4%-1.6pp

Returns & leverage

See full
Return on equity-9.7%-12.4pp
Debt / equity2.8×+0.6×
Current ratio1.9×+0.1×

Segments

By product

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Private insurance$416.2M+4.6%
Government$348.5M+12.4%
Other service revenues$22.0M+57.1%
Self-pay$21.7M+4.8%
Other$17.8M-7.8%

By segment

See full
Surgical Facilities$826.2M—

Versus estimates

Revenue

Q1 2026$810.9MBeat by $13.2MQ4 2025$885.0MBeat by $18.2MQ3 2025$821.5MMiss by $45.0M
Q2 2025$826.2MBeat by $2.7M
Q1 2025$776.0MMiss by $1.1MQ4 2024$864.4MBeat by $64.3M

Diluted EPS

Q1 2026-$0.03Beat by $0.12Q4 2025$0.12Miss by $0.19Q3 2025$0.13Miss by $0.06
Q2 2025$0.17Beat by $0.01
Q1 2025$0.04Miss by $0.04Q4 2024$0.44Beat by $0.06

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Questions, answered.

When did Surgery Partners, Inc. report Q2 2025 earnings?
Surgery Partners, Inc. (SGRY) reported Q2 2025 earnings on August 5, 2025 before market open.
What were Surgery Partners, Inc.'s Q2 2025 revenue and EPS?
Surgery Partners, Inc. reported revenue of $826.2M and eps of $0.17 for Q2 2025.
Did Surgery Partners, Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $823.5M by $2.7M. EPS beat the consensus estimate of $0.16 by $0.01.
How did Surgery Partners, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.4% from $762.1M a year earlier and eps declined 19.0% from $0.21.
Where can I find Surgery Partners, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001638833-25-000136) directly on SEC EDGAR. The filing index links above go to sec.gov.