Bright Horizons Family Solutions Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Bright Horizons Family Solutions Inc. reported revenue of $2.9B (+9.2% year on year) and net income of $193.1M (+37.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.4B | $2.0B |
| Cost of services | $2.2B | $2.1B | $1.9B | $1.5B |
| Gross profit | $697.2M | $619.6M | $531.7M | $478.7M |
| Selling, general and administrative expenses | $376.4M | $354.6M | $327.1M | $289.2M |
| Amortization of intangible assets | $6.1M | $18.3M | $33.4M | $31.9M |
| Income from operations | $314.7M | $246.6M | $171.2M | $157.6M |
| Interest expense — net | ($44.8M) | ($48.8M) | ($51.6M) | ($39.5M) |
| Income before income tax | $269.9M | $197.9M | $119.6M | $112.2M |
| Income tax expense | ($76.8M) | ($57.7M) | ($45.4M) | ($31.5M) |
| Net income | $193.1M | $140.2M | $74.2M | $80.6M |
| Common stock — basic (in dollars per share) | $3.39 | $2.42 | $1.28 | $1.38 |
| Common stock — diluted (in dollars per share) | $3.36 | $2.40 | $1.28 | $1.37 |
| Common stock—basic (in shares) | 56.9M | 57.9M | 57.7M | 58.3M |
| Common stock—diluted (in shares) | 57.4M | 58.5M | 57.9M | 58.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $779.2M | $712.2M | $802.8M | $731.6M |
| Cost of services | $590.2M | $548.7M | $585.8M | $549.0M |
| Gross profit | $189.0M | $163.5M | $217.0M | $182.6M |
| Selling, general and administrative expenses | $108.0M | $97.4M | $94.7M | $94.8M |
| Amortization of intangible assets | $1.1M | $1.2M | $1.5M | $1.7M |
| Income from operations | $79.8M | $64.9M | $120.8M | $86.1M |
| Interest expense — net | ($14.0M) | ($12.0M) | ($12.2M) | ($10.6M) |
| Income before income tax | $65.8M | $52.9M | $108.6M | $75.5M |
| Income tax expense | ($25.2M) | ($18.8M) | ($30.1M) | ($20.7M) |
| Net income | $40.6M | $34.1M | $78.6M | $54.8M |
| Common stock — basic (in dollars per share) | $0.79 | $0.63 | $1.38 | $0.96 |
| Common stock — diluted (in dollars per share) | $0.79 | $0.62 | $1.37 | $0.95 |
| Common stock — basic (in shares) | 51.5M | 54.3M | 56.9M | 57.3M |
| Common stock — diluted (in shares) | 51.8M | 54.7M | 57.4M | 57.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $140.1M | $110.3M | $71.6M | $36.2M |
| Accounts receivable — net of allowance for credit losses of $3,667 and $3,571 at December 31, 2025 and 2024, respectively | $294.0M | $283.3M | $281.7M | $217.2M |
| Prepaid expenses and other current assets | $69.9M | $102.4M | $93.6M | $94.3M |
| Total current assets | $504.0M | $496.0M | $446.9M | $347.7M |
| Fixed assets — net | $574.2M | $572.9M | $579.3M | $571.5M |
| Goodwill | $1.8B | $1.8B | $1.8B | $1.7B |
| Other intangible assets — net | $193.5M | $197.6M | $216.6M | $245.6M |
| Operating lease right-of-use assets | $682.1M | $725.9M | $774.7M | $801.6M |
| Other assets | $111.7M | $95.2M | $92.3M | $104.6M |
| Total assets | $3.9B | $3.9B | $3.9B | $3.8B |
| Current portion of long-term debt | $0 | $28.5M | $18.5M | $16.0M |
| Current portion of revolving credit facility | $199.6M | — | $0 | $84.0M |
| Accounts payable and accrued expenses | $292.8M | $304.5M | $259.1M | $230.6M |
| Current portion of operating lease liabilities | $110.2M | $102.1M | $100.4M | $94.1M |
| Deferred revenue | $330.6M | $305.1M | $272.9M | $223.0M |
| Other current liabilities | $32.9M | $39.2M | $148.6M | $138.6M |
| Total current liabilities | $966.2M | $779.4M | $799.4M | $786.3M |
| Long-term debt — net | $747.6M | $918.4M | $944.3M | $961.6M |
| Operating lease liabilities | $702.8M | $743.6M | $796.7M | $810.4M |
| Other long-term liabilities | $104.1M | $94.5M | $101.3M | $100.5M |
| Deferred revenue | $14.7M | $15.7M | $8.7M | $8.9M |
| Deferred income taxes | $14.9M | $20.3M | $33.2M | $50.7M |
| Total liabilities | $2.6B | $2.6B | $2.7B | $2.7B |
| Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 |
| Common stock, $0.001 par value; 475,000,000 shares authorized; 55,622,045 and 57,404,736 shares issued and outstanding at December 31, 2025 and 2024, respectively | 56.0K | 57.0K | 58.0K | 58.0K |
| Additional paid-in capital | $425.0M | $622.6M | $645.9M | $599.4M |
| Accumulated other comprehensive loss | ($44.9M) | ($110.3M) | ($59.1M) | ($70.6M) |
| Retained earnings | $959.1M | $766.0M | $625.8M | $551.6M |
| Total stockholders’ equity | $1.3B | $1.3B | $1.2B | $1.1B |
| Total liabilities and stockholders’ equity | $3.9B | $3.9B | $3.9B | $3.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $163.7M | $133.4M | $116.6M | $179.2M |
| Accounts receivable — net of allowance for credit losses of $3,406 and $3,667 at June 30, 2026 and December 31, 2025, respectively | $208.8M | $215.7M | $246.7M | $197.9M |
| Prepaid expenses and other current assets | $92.5M | $80.6M | $91.4M | $95.7M |
| Total current assets | $465.1M | $429.7M | $454.7M | $472.8M |
| Fixed assets — net | $559.7M | $566.7M | $585.5M | $591.2M |
| Goodwill | $1.8B | $1.8B | $1.8B | $1.8B |
| Other intangible assets — net | $191.4M | $192.4M | $194.7M | $196.3M |
| Operating lease right-of-use assets | $636.2M | $664.6M | $721.2M | $737.0M |
| Other assets | $118.8M | $113.8M | $108.7M | $98.1M |
| Total assets | $3.8B | $3.8B | $3.9B | $3.9B |
| Current portion of long-term debt | $9.4M | — | $0 | $0 |
| Current portion of revolving credit facility | $206.0M | $185.6M | $169.3M | $101.5M |
| Accounts payable and accrued expenses | $310.3M | $266.8M | $280.9M | $308.1M |
| Current portion of operating lease liabilities | $110.4M | $110.5M | $107.3M | $106.3M |
| Deferred revenue | $287.7M | $319.8M | $243.4M | $282.6M |
| Other current liabilities | $47.9M | $45.1M | $40.2M | $40.6M |
| Total current liabilities | $971.7M | $927.8M | $841.1M | $839.1M |
| Long-term debt — net | $1.1B | $897.7M | $747.5M | $797.0M |
| Operating lease liabilities | $657.0M | $679.6M | $724.3M | $746.2M |
| Other long-term liabilities | $108.5M | $105.6M | $101.5M | $99.0M |
| Deferred revenue | $13.6M | $14.2M | $16.2M | $15.8M |
| Deferred income taxes | $23.7M | $21.3M | $26.0M | $23.7M |
| Total liabilities | $2.8B | $2.6B | $2.5B | $2.5B |
| Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock, $0.001 par value; 475,000,000 shares authorized; 49,244,296 and 55,622,045 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 49.0K | 53.0K | 57.0K | 57.0K |
| Additional paid-in capital | $0 | $198.5M | $537.4M | $575.7M |
| Accumulated other comprehensive loss | ($44.2M) | ($46.2M) | ($47.4M) | ($35.5M) |
| Retained earnings | $987.6M | $993.2M | $937.4M | $858.8M |
| Total stockholders’ equity | $943.5M | $1.1B | $1.4B | $1.4B |
| Total liabilities and stockholders’ equity | $3.8B | $3.8B | $3.9B | $3.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $193.1M | $140.2M | $74.2M | $80.6M |
| Depreciation and amortization | $93.4M | $97.9M | $110.7M | $106.1M |
| Impairment losses and other non-cash items | $50.7M | $41.4M | — | — |
| Stock-based compensation expense | $30.6M | $33.6M | $28.8M | $28.1M |
| Deferred income taxes | ($2.3M) | ($9.9M) | ($11.7M) | ($9.6M) |
| Accounts receivable | ($8.8M) | ($993.0K) | ($64.5M) | ($4.9M) |
| Prepaid expenses and other current assets | ($2.0M) | $2.7M | ($11.3M) | ($6.1M) |
| Accounts payable and accrued expenses | ($1.7M) | $30.6M | $26.0M | $20.0M |
| Income taxes | $5.1M | ($7.3M) | $3.5M | ($8.4M) |
| Deferred revenue | $20.3M | $40.2M | $48.4M | ($37.9M) |
| Leases | ($11.4M) | ($16.6M) | ($2.1M) | ($921.0K) |
| Other assets | ($17.8M) | ($9.0M) | ($5.4M) | $11.1M |
| Other current and long-term liabilities | $1.5M | ($5.3M) | $11.1M | ($13.0M) |
| Net cash provided by operating activities | $350.7M | $337.5M | $256.1M | $188.5M |
| Purchases of fixed assets | ($92.2M) | ($97.3M) | ($91.0M) | ($70.6M) |
| Proceeds from the disposal of fixed assets | $860.0K | $2.0M | $225.0K | $10.5M |
| Purchases of debt securities and other investments | ($19.7M) | ($52.6M) | ($16.1M) | ($25.1M) |
| Proceeds from debt securities and other investments | $14.0M | $38.4M | $19.5M | $23.4M |
| Payments and settlements for acquisitions — net of cash acquired | ($6.8M) | ($8.3M) | ($39.6M) | ($210.4M) |
| Net cash used in investing activities | ($103.8M) | ($117.8M) | ($126.9M) | ($278.0M) |
| Borrowings under revolving credit facility | $979.8M | $156.5M | $402.5M | $295.0M |
| Payments under revolving credit facility | ($480.3M) | ($156.5M) | ($486.5M) | ($211.0M) |
| Principal payments of long-term debt | ($501.0M) | ($17.0M) | $0 | $0 |
| Payments of debt issuance costs | ($3.0M) | — | $0 | $0 |
| Purchases of treasury stock | ($225.4M) | ($84.6M) | $0 | ($182.6M) |
| Proceeds from issuance of common stock upon exercise of options | 12.1M | 27.0M | 11.2M | 13.2M |
| Taxes paid related to the net share settlement of stock options and restricted stock | ($15.5M) | ($5.3M) | ($2.6M) | ($6.1M) |
| Payments of deferred and contingent consideration for acquisitions | $0 | ($103.9M) | ($225.0K) | ($13.9M) |
| Net cash used in financing activities | ($233.4M) | ($183.8M) | ($91.6M) | ($121.3M) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $5.9M | ($1.6M) | ($14.0K) | ($2.5M) |
| Net increase in cash, cash equivalents and restricted cash | $19.4M | $34.3M | $37.6M | ($213.4M) |
| Cash, cash equivalents and restricted cash — beginning of year | $123.7M | $89.5M | $51.9M | $265.3M |
| Cash, cash equivalents and restricted cash — end of year | $143.2M | $123.7M | $89.5M | $51.9M |
| Cash and cash equivalents | $140.1M | $110.3M | $71.6M | $36.2M |
| Restricted cash, included in prepaid expenses and other current assets | $493.0K | $11.2M | $15.8M | — |
| Restricted cash, included in other assets | $2.6M | $2.1M | $2.1M | — |
| Total cash, cash equivalents and restricted cash — end of year | $143.2M | $123.7M | $89.5M | $51.9M |
| Cash payments of interest | $55.9M | $73.9M | $74.0M | $40.9M |
| Cash received from cash flow hedges of interest rate risk | $13.8M | $23.6M | $31.8M | — |
| Cash payments of income taxes (net of refunds in 2025) | $72.6M | $75.7M | $58.7M | $50.2M |
| Cash paid for amounts included in the measurement of lease liabilities | $160.3M | $162.9M | $156.3M | $143.7M |
| Fixed asset purchases recorded in accounts payable and accrued expenses | $1.7M | $2.5M | $2.1M | $2.7M |
| Operating right-of-use assets obtained in exchange for operating lease liabilities — net | $45.9M | $69.1M | $54.7M | $52.4M |
| Restricted stock reclassified from other current liabilities to equity upon vesting | $2.4M | $6.5M | $8.5M | $4.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $74.7M | $34.1M | $171.4M | $92.8M |
| Depreciation and amortization | $47.8M | $23.2M | $68.7M | $44.6M |
| Impairment losses and other non-cash items | $22.9M | — | — | — |
| Stock-based compensation expense | $14.5M | $7.4M | $22.5M | $15.0M |
| Deferred income taxes | $8.1M | $5.9M | $8.5M | $5.2M |
| Accounts receivable | $84.9M | $78.0M | $38.5M | $87.4M |
| Prepaid expenses and other current assets | ($3.8M) | ($3.4M) | ($9.3M) | ($1.3M) |
| Accounts payable and accrued expenses | $10.5M | ($33.4M) | ($18.2M) | $13.6M |
| Income taxes | ($14.5M) | $1.4M | ($3.5M) | ($7.9M) |
| Deferred revenue | ($43.0M) | ($10.4M) | ($65.2M) | ($27.3M) |
| Leases | ($11.7M) | ($6.4M) | ($8.3M) | ($4.5M) |
| Other assets | ($3.4M) | ($1.2M) | ($14.5M) | ($4.4M) |
| Other current and long-term liabilities | $15.8M | $10.2M | $6.9M | $6.4M |
| Net cash provided by operating activities | $202.8M | $107.7M | $202.8M | $220.4M |
| Purchases of fixed assets — net | ($39.1M) | ($20.1M) | ($58.9M) | ($34.0M) |
| Proceeds from debt securities and other investments | $8.9M | $5.1M | $10.3M | $7.5M |
| Purchases of debt securities and other investments | ($9.2M) | ($4.5M) | ($9.8M) | ($6.3M) |
| Payments and settlements for acquisitions — net of cash acquired | $0 | — | ($5.1M) | ($5.1M) |
| Net cash used in investing activities | ($39.4M) | ($19.5M) | ($63.5M) | ($38.0M) |
| Borrowings under revolving credit facility | $1.2B | $251.6M | $537.1M | $405.0M |
| Payments under revolving credit facility | ($1.3B) | ($113.2M) | ($67.8M) | ($3.5M) |
| Borrowings of long-term debt — net of issuance costs | $373.7M | — | — | — |
| Principal payments of long-term debt | $0 | $0 | ($501.0M) | ($451.0M) |
| Payments of revolving credit facility debt issuance costs | ($334.0K) | — | ($3.0M) | ($2.9M) |
| Purchase of treasury stock | ($471.5M) | ($224.8M) | ($104.7M) | ($60.3M) |
| Proceeds from issuance of common stock upon exercise of options | 0 | 0 | 11.8M | 10.2M |
| Taxes paid related to the net share settlement of stock options and restricted stock | ($7.8M) | ($6.9M) | ($15.2M) | ($13.6M) |
| Net cash used in financing activities | ($137.0M) | ($93.3M) | ($142.8M) | ($116.1M) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | ($1.7M) | ($1.3M) | $5.8M | $7.0M |
| Net increase in cash, cash equivalents and restricted cash | $24.6M | ($6.4M) | $2.3M | $73.4M |
| Cash, cash equivalents and restricted cash — beginning of period | $143.2M | $143.2M | $123.7M | $123.7M |
| Cash, cash equivalents and restricted cash — end of period | $167.8M | $136.7M | $126.0M | $197.1M |
| Cash and cash equivalents | $163.7M | $133.4M | $116.6M | $179.2M |
| Restricted cash, included in prepaid expenses and other current assets | $1.5M | $761.0K | $6.8M | $15.4M |
| Restricted cash, included in other assets | $2.6M | $2.5M | $2.5M | $2.5M |
| Total cash, cash equivalents and restricted cash — end of period | $167.8M | $136.7M | $126.0M | $197.1M |
| Cash payments of interest | $28.2M | $13.2M | $42.7M | $28.5M |
| Cash received from cash flow hedges of interest rate risk | $1.6M | $807.0K | $11.8M | $7.8M |
| Cash payments of income taxes (net of refunds in 2026) | $50.3M | $11.5M | — | — |
| Cash paid for amounts included in the measurement of lease liabilities | $85.7M | $43.7M | $119.8M | $79.0M |
| Fixed asset purchases recorded in accounts payable and accrued expenses | $1.3M | $1.7M | $1.7M | $1.5M |
| Operating right-of-use assets obtained in exchange for operating lease liabilities — net | $11.9M | $6.2M | $41.8M | $32.3M |
| Treasury stock purchases in other current liabilities | $3.6M | — | $1.4M | — |
| Restricted stock reclassified from other current liabilities to equity upon vesting | $0 | $0 | $2.4M | $2.4M |
Bright Horizons Family Solutions Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.