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Surgery Partners, Inc. SGRY Government — Revenue

Other product segments

Private insurance
$398.9M+1.3%
Self-pay
$19.2M-4.5%
Other service revenues
$18.8M+6.8%
Other
$16.6M+3.8%

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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 us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

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, 2026 / AmountThree Months Ended March 31, 2026 / %Three Months Ended March 31, 2025 / AmountThree Months Ended March 31, 2025 / %
Patient service revenues:
Private insurance$398.950.4%$393.851.9%
Government357.445.1%328.543.3%
Self-pay19.22.4%20.12.7%
Other (1)16.62.1%16.02.1%
Total patient service revenues792.1100.0%758.4100.0%
Other service revenues18.817.6
Total revenues$810.9$776.0

Item 1. Financial Statements

FAQ

What is Surgery Partners, Inc.'s government — revenue?
Surgery Partners, Inc. (SGRY) reported government — revenue of $357.4M in Q1 2026.
How has Surgery Partners, Inc.'s government — revenue changed year-over-year?
Surgery Partners, Inc.'s government — revenue increased by 8.8% year-over-year, from $328.5M to $357.4M.
What is the long-term trend for Surgery Partners, Inc.'s government — revenue?
Over 4 years (2021 to 2025), Surgery Partners, Inc.'s government — revenue has grown at a 10.0% compound annual growth rate (CAGR), from $949.9M to $1.39B.
What does government — revenue mean?
This metric represents the total gross revenue generated from services provided to government-sponsored healthcare programs, such as Medicare and Medicaid. It serves as a key indicator of the company's exposure to public payer reimbursement rates and regulatory policy shifts. Tracking this revenue stream helps investors assess the stability and growth of the company's public sector business segment.

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