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Financial statements

Guardian Pharmacy Services, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Guardian Pharmacy Services, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue1,2281,449
Cost of revenue9841,156
Gross profit244293
Selling, general and administrative307220
Selling and marketing3.53.9
Operating income-62.972.7
Interest expense3.280.67
Other non-operating income-3.560.72
Pre-tax income-66.573.4
Income tax4.5624.5
Net income to minority interests16.3-0.26
Net income-11049.2
EBITDA-43.195

Balance sheet

FY2025FY2025
Cash and equivalents4.6665.6
Receivables97.2102
Inventory40.643.4
Other current assets9.6211
Total current assets152222
Property, plant and equipment49.955.5
Lease right-of-use assets29.134.6
Goodwill69.379.7
Intangible assets14.918.5
Other non-current assets0.380.44
Total assets321413
Accounts payable102116
Accrued liabilities14.415
Total current liabilities144161
Lease liabilities23.330
Other non-current liabilities3.424.04
Total liabilities171195
Total debt00
Paid-in capital125139
Retained earnings17.166.3
Minority interests7.3112.2
Total equity150218
Total liabilities and equity321413

Cash flow statement

FY2025FY2025
Net income-7149
Depreciation and amortization19.822.3
Stock-based compensation13113.9
Deferred income tax0.73.07
Change in receivables-25.5-8.55
Change in inventory-1.15-0.88
Change in payables13.216.4
Cash from operations58100
Capital expenditures-14.7-13.4
Cash from investing-30.4-32.2
Stock issued12029
Cash from financing-23.6-7.07
Net change in cash3.9161
Free cash flow43.386.8
Interest paid3.120.65
Income taxes paid021.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $41.21 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin21.6%Gross profit / revenue.
Operating margin5.8%Operating income / revenue.
EBITDA margin7.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin6.5%Pre-tax income / revenue.
Net margin4.5%Net income / revenue.
Operating cash flow margin6.8%Cash from operations / revenue.
Effective tax rate30.6%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)14.9%Net income / average total assets.
SG&A / revenue15.8%Selling, general and administrative expense / revenue.
Stock-based pay / revenue0.7%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue1.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y17.9%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y19.8%Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y73.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y100.8%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y28.6%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.65xCurrent assets / current liabilities.
Quick ratio1.26x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.58x(Cash + short-term investments) / current liabilities.
Liabilities / assets41.9%Total liabilities / total assets.
Interest coverage135xOperating income / interest expense.
Working capital$100.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets21.7%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover3.30xRevenue / average total assets.
Fixed asset turnover25.9xRevenue / average property, plant and equipment.
Inventory turnover22.7xCost of revenue / average inventory.
Days inventory16 days365 x average inventory / cost of revenue.
Receivables turnover14.1xRevenue / average receivables.
Days sales outstanding26 days365 x average receivables / revenue.
Days payables34 days365 x average accounts payable / cost of revenue.
Cash conversion cycle7 daysDays inventory + days sales outstanding - days payables.

Valuation

MetricValueHow it is calculated
Market cap$2.61BShare price x shares outstanding.
Enterprise value$2.52BMarket cap + total debt - cash - short-term investments.
P/E39.6xMarket cap / net income. Only when net income is positive.
P/S1.78xMarket cap / revenue.
P/OCF26.4xMarket cap / cash from operations, when positive.
EV/Sales1.72xEnterprise value / revenue.
EV/EBIT29.5xEnterprise value / operating income, when both are positive.
EV/EBITDA23.2xEnterprise value / EBITDA, when both are positive.
Earnings yield2.5%Net income / market cap (the inverse of P/E).
What was Guardian Pharmacy Services, Inc.'s revenue in fiscal 2025?

Guardian Pharmacy Services, Inc. reported revenue of $1.45B for fiscal 2025, 17.9% higher than the year before.

Was Guardian Pharmacy Services, Inc. profitable in fiscal 2025?

Yes. Net income was $49.2M, a net margin of 3.4%.

How much free cash flow did Guardian Pharmacy Services, Inc. generate in fiscal 2025?

Cash from operations of $100.3M minus capital expenditures of $13.4M left free cash flow of $86.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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