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Segments

By segment

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Surgical Facilities$23M+10.6%

Other financials

Income statement

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Revenue$810.9M+4.5%
Operating income$65.8M+6.3%
Net income-$35.9M+4.8%
EPS (diluted)-$0.28+6.7%

Balance sheet

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Cash & equivalents$182.3M-20.5%
Total debt$5.1B+4.6%
Total equity$1.7B-3.0%
Total assets$8.0B+1.2%

Cash flow

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Operating cash flow$11.7M+95.0%
CapEx$16.0M-29.5%
Free cash flow-$4.3M+74.3%

Valuation

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Market cap$1.95B-32.1%
Enterprise value$6.82B-9.2%
P/S0.6×-0.3×

Profitability

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Gross margin23.1%
Operating margin11.8%+1.2pp
Net margin-2.3%-0.9pp
FCF margin6.2%+0.8pp

Returns & leverage

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Return on equity-4.4%-1.6pp
Debt / equity+0.2×
Current ratio1.9×0.0×

Where this comes from

Reported directly by Surgery Partners, Inc. in its filing.

Tagged under the XBRL concept sgry:OperatingAndFinanceLeaseExpense.

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

Filed
May 5, 2026, 4:13 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001638833-26-000046
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Salaries and benefits247.4238.6
Supplies220.2215.8
Professional and medical fees101.395.3
Lease expense23.020.8
Other operating expenses58.843.6
Cost of revenues650.7614.1
General and administrative expenses39.336.0
Depreciation and amortization38.536.3

Item 1. Financial Statements

FAQ

What is Surgery Partners, Inc.'s lease expense?
Surgery Partners, Inc. (SGRY) reported lease expense of $23M in Q1 2026.
How has Surgery Partners, Inc.'s lease expense changed year-over-year?
Surgery Partners, Inc.'s lease expense increased by 10.6% year-over-year, from $20.8M to $23M.
What is the long-term trend for Surgery Partners, Inc.'s lease expense?
Over 4 years (2021 to 2025), Surgery Partners, Inc.'s lease expense has grown at a -0.8% compound annual growth rate (CAGR), from $90.6M to $87.9M.
What does lease expense mean?
Includes the periodic costs associated with leasing facilities, medical equipment, or administrative space necessary for business operations. Monitoring this expense helps assess the company's fixed cost structure and its reliance on leased versus owned assets.

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