Surgery Partners Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,648	-	-	-	2,539	2,225
Revenue Growth (YoY)	7.52%	-	-	-	14.12%	19.62%
Cost of Revenue	2,580	2,544	2,369	2,096	1,964	1,734
Gross Profit	-932.6	-2,544	-2,369	-2,096	574.9	491.4
Selling, General & Admin	2,265	2,461	2,306	2,041	1,910	1,705
Depreciation & Amortization Expenses	178.2	176	152.6	118.1	114.8	98.8
Other Operating Expenses	290.7	282.6	301	247.6	174.9	172.2
Total Operating Expenses	2,734	2,919	2,759	2,407	2,200	1,976
Operating Income	393.4	389.5	348.8	328	345.2	302.2
Interest Income	21.4	22.9	19.5	14.2	12.5	11.3
Interest Expense	-279.5	-272.6	-201.7	-193	-234.9	-221
Other Non-Operating Income (Expense)	-42.3	-45.9	-45.2	-36.6	-19.5	30.8
Total Non-Operating Income (Expense)	-300.4	-295.6	-227.4	-215.4	-241.9	-178.9
Pretax Income	113.9	116.9	147.1	135	110.3	81.2
Provision for Income Taxes	-16.8	-18	-134.6	0.3	-23.3	-10.5
Net Income	-76.1	-77.9	-168.1	-11.9	-54.6	-152.1
Minority Interest in Earnings	-173.2	-176.8	-180.6	-147.2	-141.6	-141.6
Net Income Attributable to Preferred Dividends	-	-	-	-	-	-10.3
Net Income to Common	-76.1	-77.9	-168.1	-11.9	-54.6	-152.1
Shares Outstanding (Basic)	128	127	126	126	92	72
Shares Outstanding (Diluted)	128	127	126	126	92	72
Shares Change (YoY)	1.08%	0.86%	0.40%	36.61%	26.96%	48.49%
EPS (Basic)	-0.60	-0.61	-1.33	-0.09	-0.59	-1.12
EPS (Diluted)	-0.60	-0.61	-1.33	-0.09	-0.59	-1.12
Shares Outstanding	130.8	129.32	127.11	126.59	125.96	89.33
Free Cash Flow	208	195.6	209.7	205	78.2	29.5
Free Cash Flow Growth	6.34%	-6.72%	2.29%	162.15%	165.08%	-85.54%
Free Cash Flow Per Share	1.63	1.54	1.66	1.63	0.85	0.41
Gross Margin	-56.60%	-	-	-	22.64%	22.08%
Operating Margin	23.88%	-	-	-	13.59%	13.58%
Profit Margin	7.93%	-	-	-	5.26%	4.12%
FCF Margin	12.62%	-	-	-	3.08%	1.33%
EBITDA	571.6	565.5	501.4	446.1	460	401
EBITDA Margin	34.69%	-	-	-	18.12%	18.02%
EBIT	393.4	389.5	348.8	328	345.2	302.2
EBIT Margin	23.88%	-	-	-	13.59%	13.58%
Effective Tax Rate	-14.75%	-15.40%	-91.50%	0.22%	-21.12%	-12.93%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q