BRIGHT HORIZONS FAMILY SOLUTIONS INC.

Listed Company

BFAMCIK 0001437578NYSELarge AcceleratedServices-Child Day Care ServicesFY ends Dec 31

Period

FY 2025

Revenue

$2.93B

Net Income

$193.12M

Total Assets

$3.89B

Equity

$1.34B

Shares Out

55.11M

Op. Cash Flow

$350.73M

Business

BRIGHT HORIZONS FAMILY SOLUTIONS INC. provides employer-sponsored early education, child care, back-up care, and workforce education services designed to help working families and client employees thrive. The company offers full service center-based child care, back-up care (including center-based, in-home, school-age programs, tutoring, pet care and an online caregiver marketplace), and educational advisory services such as tuition assistance, student loan repayment management, workforce education and college admissions advising. Its operations are organized into three reportable segments aligned with those offerings. Services are delivered primarily through multi-year employer contracts, proprietary centers and a global provider network across North America and international markets.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,934	2,686	2,418	2,020	1,755
Cost of services	2,236	2,066	1,887	1,542	1,340
Gross profit	697	620	532	479	415
Selling, general and administrative expenses	376	355	327	289	257
Amortization of intangible assets	6	18	33	32	29
Income from operations	315	247	171	158	129
Interest expense net	−45	−49	−52	−39	—
Income before income tax	270	198	120	112	90
Income tax expense	−77	−58	−45	−32	−20
Net income	193	140	74	81	70
Common stock basic (in dollars per share)	3.39	2.42	1.28	1.38	1.16
Common stock diluted (in dollars per share)	3.36	2.4	1.28	1.37	1.15
Common stockbasic (in shares)	57	58	58	58	60
Common stockdiluted (in shares)	57	58	58	58	61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	140	110	72	36	261
Accounts receivable net of allowance for credit losses of $3,667 and $3,571 at December 31, 2025 and 2024, respectively	294	283	282	217	211
Prepaid expenses and other current assets	70	102	94	94	68
Total current assets	504	496	447	348	540
Fixed assets net	574	573	579	571	598
Goodwill	1,824	1,763	1,786	1,728	1,482
Other intangible assets net	193	198	217	246	251
Operating lease right-of-use assets	682	726	775	802	696
Other assets	112	95	92	105	72
Total assets	3,890	3,850	3,896	3,799	3,640
Current portion of long-term debt	0	29	19	16	16
Current portion of revolving credit facility	200	0	0	84	0
Accounts payable and accrued expenses	293	305	259	231	197
Current portion of operating lease liabilities	110	102	100	94	87
Deferred revenue	331	305	273	223	258
Other current liabilities	33	39	149	139	63
Total current liabilities	966	779	799	786	622
Long-term debt net	748	918	944	962	976
Operating lease liabilities	703	744	797	810	704
Other long-term liabilities	104	95	101	100	100
Deferred revenue	15	16	9	9	10
Deferred income taxes	15	20	33	51	49
Total liabilities	2,550	2,572	2,683	2,718	2,461
Commitments and contingencies (Note 19)	—	—	—	—	—
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	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	56,000	57,000	58,000	58,000	59,000
Additional paid-in capital	425	623	646	599	746
Accumulated other comprehensive loss	−45	−110	−59	−71	−37
Retained earnings	959	766	626	552	471
Total stockholders equity	1,339	1,278	1,213	1,080	1,179
Total liabilities and stockholders equity	3,890	3,850	3,896	3,799	3,640

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	93	98	111	106	109
Impairment losses and other non-cash items	51	41	48	17	—
Stock-based compensation expense	31	34	29	28	23
Deferred income taxes	−2	−10	−12	−10	−5
Accounts receivable	−9	−993,000	−65	−5	−35
Prepaid expenses and other current assets	−2	3	−11	−6	−4
Accounts payable and accrued expenses	−2	31	26	20	6
Income taxes	5	−7	3	−8	−7
Deferred revenue	20	40	48	−38	60
Leases	−11	−17	−2	−921,000	−6
Other assets	−18	−9	−5	11	−10
Other current and long-term liabilities	2	−5	11	−13	2
Net cash provided by operating activities	351	337	256	188	227
Purchases of fixed assets	−92	−97	−91	−71	−63
Proceeds from the disposal of fixed assets	860,000	2	225,000	11	6
Purchases of debt securities and other investments	−20	−53	−16	−25	−30
Proceeds from debt securities and other investments	14	38	20	23	24
Payments and settlements for acquisitions net of cash acquired	−7	−8	−40	−210	−54
Net cash used in investing activities	−104	−118	−127	−278	−117
Borrowings under revolving credit facility	980	157	403	295	0
Payments under revolving credit facility	−480	−157	−487	−211	0
Principal payments of long-term debt	−501	−17	−16	0	−1,027
Payments of debt issuance costs	−3	0	0	0	−2
Purchases of treasury stock	−225	−85	0	−183	−214
Proceeds from issuance of common stock upon exercise of options	12	27	11	13	38
Taxes paid related to the net share settlement of stock options and restricted stock	−15	−5	−3	−6	−9
Payments of deferred and contingent consideration for acquisitions	0	−104	−225,000	−14	−594,000
Net cash used in financing activities	−233	−184	−92	−121	−230
Effect of exchange rates on cash, cash equivalents and restricted cash	6	−2	−14,000	−2	−3
Net increase in cash, cash equivalents and restricted cash	19	34	38	−213	−123
Cash payments of interest	56	74	74	41	32
Cash received from cash flow hedges of interest rate risk	14	24	32	7	0
Cash payments of income taxes (net of refunds in 2025)	73	76	59	50	32
Cash paid for amounts included in the measurement of lease liabilities	160	163	156	144	142
Fixed asset purchases recorded in accounts payable and accrued expenses	2	2	2	3	2
Operating right-of-use assets obtained in exchange for operating lease liabilities net	46	69	55	52	71
Restricted stock reclassified from other current liabilities to equity upon vesting	2	6	8	4	5

Filings

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