Surgery Partners, Inc. income statement
In fiscal 2025, Surgery Partners, Inc. reported revenue of $3.31bn, up 6.2% on the year before, operating income of $390m (a 11.8% margin) and net income of −$77.9m, or −$0.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 285 | 403 | 960 | 1,145 | 1,772 | 1,831 | 1,860 | 2,225 | 2,539 | 2,743 | 3,114 | 3,309 | 3,366 |
| Cost of revenue | 170 | 254 | 669 | 821 | 1,361 | 1,408 | — | — | — | — | — | — | — |
| Gross profit | 115 | 149 | 291 | 324 | 410 | 424 | — | — | — | — | — | — | — |
| General and administrative | 26 | 31 | 56 | 60 | 94 | 89 | 97 | 104 | 102 | 121 | 139 | 118 | 122 |
| Operating income | 58 | 51 | 145 | 196 | 78 | 236 | 183 | 302 | 345 | 328 | 349 | 390 | 384 |
| Income tax | 8 | 16 | −149 | 7 | 26 | 10 | −20 | 11 | 23 | −0 | 135 | 18 | 21 |
| Net income | −9 | −66 | 1 | 9 | −206 | −75 | −116 | −71 | −55 | −12 | −168 | −78 | −89 |
| Diluted EPS | −$0.28 | −$2.04 | $0.04 | $0.20 | −$4.96 | −$2.29 | −$3.19 | −$1.12 | −$0.59 | −$0.09 | −$1.33 | −$0.61 | −$0.69 |
| Diluted shares (average) | 32m | 32m | 37m | 48m | 48m | 48m | 49m | 72m | 92m | 126m | 126m | 127m | 128m |
| EBITDA | 70 | 66 | 179 | 236 | 145 | 312 | 278 | 401 | 460 | 446 | 501 | 566 | 561 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 770 | 864 | 776 | 826 | 822 | 885 | 811 | 849 |
| General and administrative | 29 | 36 | 36 | 36 | 22 | 24 | 39 | 36 |
| Operating income | 61 | 127 | 62 | 112 | 106 | 110 | 66 | 102 |
| Income tax | 5 | 121 | 0 | −1 | 6 | 14 | −1 | 3 |
| Net income | −32 | −109 | −38 | −3 | −23 | −15 | −36 | −15 |
| Diluted EPS | −$0.25 | −$0.86 | −$0.30 | −$0.02 | −$0.18 | −$0.11 | −$0.28 | −$0.12 |
| EBITDA | 111 | 161 | 98 | 152 | 145 | 170 | 104 | 141 |
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