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Surgery Partners, Inc. SGRY Surgical Facilities — Operating Expenses

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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:OperatingExpenses.

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, 20262025
Professional and medical fees101.395.3
Lease expense23.020.8
Other segment items (1)84.273.5
676.1644.0
Adjusted Surgical Facilities EBITDA$134.8$132.0
Reconciliation:
Add back: Net income attributable to non-controlling interests(33.8)(37.4)
Unallocated amounts:

Item 1. Financial Statements

FAQ

What is Surgery Partners, Inc.'s surgical facilities — operating expenses?
Surgery Partners, Inc. (SGRY) reported surgical facilities — operating expenses of $676.1M in Q1 2026.
How has Surgery Partners, Inc.'s surgical facilities — operating expenses changed year-over-year?
Surgery Partners, Inc.'s surgical facilities — operating expenses increased by 5.0% year-over-year, from $644M to $676.1M.
What is the long-term trend for Surgery Partners, Inc.'s surgical facilities — operating expenses?
Over 3 years (2022 to 2025), Surgery Partners, Inc.'s surgical facilities — operating expenses has grown at a 8.9% compound annual growth rate (CAGR), from $2.08B to $2.68B.
What does surgical facilities — operating expenses mean?
This is the aggregate of all direct costs incurred to operate the surgical facilities, including labor, supplies, and facility-related overhead. It is a key metric for evaluating the overall cost-to-serve and operational discipline within the surgical business unit.

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