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NASDAQ · Health care

Surgery Partners, Inc. (SGRY)

Surgery Partners, Inc. brought in $3.4B of revenue over the twelve months to September 30, 2026, up 2.2% from a year earlier. It posted a net loss of $87M. Operating cash flow minus capital spending left $195.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $354.5M in cash against $3.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.

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Price
$26.73
+1.06% on the day · November 10, 2026
52-week range $11.41 to $27.23
Market cap
$3.5B
Revenue (last 12 months)
$3.4B
+2.2% year on year
Net margin
-2.6%

Key facts about Surgery Partners, Inc.

Net worth
Surgery Partners, Inc. has a market value (market cap) of $3.5B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $3.3B (+6.2% year on year), with a net loss of $77.9M. Over the 12 months to September 30, 2026: revenue $3.4B, net loss $87M.
Cash flow
In fiscal 2025 operations brought in $274.3M of cash; after $78.7M of capital spending, free cash flow was $195.6M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Surgery Partners, Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Surgery Partners, Inc. does

Surgery Partners, Inc. is registered with the SEC under industry code SIC 8062 (Services-General Medical & Surgical Hospitals, NEC). Its shares trade on NASDAQ under the ticker SGRY.

Revenue and profit by year

Revenue
FY18: $1.8B $1.8B FY18FY19: $1.8B $1.8B FY19FY20: $1.9B $1.9B FY20FY21: $2.2B $2.2B FY21FY22: $2.5B $2.5B FY22FY23: $2.7B $2.7B FY23FY24: $3.1B $3.1B FY24FY25: $3.3B $3.3B FY25
Net income
FY18: -$205.7M -$205.7M FY18FY19: -$74.8M -$74.8M FY19FY20: -$116.1M -$116.1M FY20FY21: -$70.9M -$70.9M FY21FY22: -$54.6M -$54.6M FY22FY23: -$11.9M -$11.9M FY23FY24: -$168.1M -$168.1M FY24FY25: -$77.9M -$77.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$3.3B$389.5M-$77.9M-$0.61$195.6M
2024$3.1B$348.8M-$168.1M-$1.33$209.7M
2023$2.7B$328M-$11.9M-$0.09$205M
2022$2.5B$345.2M-$54.6M-$0.59$78.2M
2021$2.2B$302.2M-$70.9M-$1.12$29.5M
2020$1.9B$183M-$116.1M-$3.19$204M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around March 1, 2027.

Estimated from its filing rhythm: 52 weeks after its report of March 2, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where SGRY ranks in Health care

Revenue$3.3B
#84 of 751 in Health care · Top 11%
Revenue growth+6.2%
#336 of 532 in Health care · Bottom 37%
Net margin-2.4%
#234 of 544 in Health care · Top 43%
Free cash flow margin5.9%
#165 of 490 in Health care · Top 34%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Surgery Partners, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue fell 0.8% to $815.3M versus the same quarter last year; diluted EPS -$0.16 versus -$0.18.
  2. November 9, 2026
  3. November 9, 2026
  4. November 9, 2026
  5. November 9, 2026
  6. November 9, 2026
  7. November 6, 2026
  8. October 28, 2026
  9. October 27, 2026
  10. October 26, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 20, 2026. Insider transactions on SEC

What is SGRY worth? A DCF from its reported cash flow

Insider trades

What the people running Surgery Partners, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $304.7K worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$304.7K
last 90 days
Sold
$0
last 90 days
Net bought
21,250
$304.7K
DateInsiderWhatSharesPriceValueFiling
August 18, 2026 DeLuca TeresaDirector Bought 11,250 $14.33 $161.2K Form 4
August 18, 2026 DeLuca TeresaDirector Bought 10,000 $14.35 $143.5K Form 4
June 18, 2026 Hendrix Blair EDirector Received as pay 34,364 $14.55 $500K Form 4
June 5, 2026 Turner BrentDirector Received as pay 11,670 $13.71 $160K Form 4
June 5, 2026 DeLuca TeresaDirector Received as pay 11,670 $13.71 $160K Form 4
June 5, 2026 Dean Lloyd HDirector Received as pay 11,670 $13.71 $160K Form 4
June 5, 2026 Adlerz Clifford GDirector Received as pay 11,670 $13.71 $160K Form 4
June 5, 2026 Forese Laura LDirector Received as pay 11,670 $13.71 $160K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SGRY

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
BCPE Seminole Holdings II Intermediate, LP13D, may seek influence with 3 related filers 22.96% 30,055,197 October 26, 2026
Janus Henderson Group PLC13G, passive with 1 related filers 10.2% 13,036,583 November 14, 2025
Pentwater Capital Management LP13G, passive with 1 related filers 9.7% 12,655,000 May 15, 2026
Glenview Capital Management, LLC13G, passive with 1 related filers 5.4% 7,023,338 October 13, 2026

Latest filings below 5%: King Street Capital Management, L.P. 4.6% (August 14, 2026); Fmr LLC 1.7% (May 6, 2026); The Vanguard Group 0% (March 27, 2026); Wellington Management Group LLP 0% (August 12, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 187 managers reported a position.

HolderSharesValueChange on quarter
Bain Capital Investors LLC49,946,972$839.1M0
Jupiter Topco LLC13,882,155$233.2Mnew
Pentwater Capital Management LP11,630,000$195.4M-1,025,000
UBS Group AG8,573,413$144M-1,618,368
BlackRock, Inc.6,241,503$104.9M+580,715
King Street Capital Management, L.P.6,058,141$101.8M-4,171,589
Dimensional Fund Advisors LP4,943,713$83.1M-352,698
Clearbridge Investments, LLC3,823,179$64.2M-294,877
Vanguard Portfolio Management LLC3,737,712$62.8M+109,281
Vanguard Capital Management LLC3,509,535$59M+78,740
Davidson Kempner Capital Management LP3,336,464$56.1M0
Hsbc Holdings PLC2,958,912$48.9M+1,043,244
Fmr LLC2,149,009$36.1M-42,456
State Street Corp2,140,905$36M+187,127
Geode Capital Management, LLC2,116,579$35.6M+114,205
Nomura Holdings Inc1,525,108$25.6M+801,868
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1,471,492$24.7M-117,876
LMR Partners LLP1,360,587$22.9M+260,587
Morgan Stanley1,232,751$20.7M+220,574
Bank of America Corp1,212,766$20.4M-27,216

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

14 insiders reported holding 2,186,916 shares in total, about $58.5M at the last price.

HolderSharesAs of
Evans Jason EricChief Executive Officer 920,386 March 16, 2026
Baldock JenniferChief Admin & Dev Officer 326,474 March 12, 2026
Doherty David TChief Financial Officer 221,679 March 16, 2026
Oppenheimer Justin RobertCOO & National Group President 120,259 March 5, 2026
Brittenham MarissaChief Strategy Officer 94,196 March 13, 2026
Turner BrentDirector 86,594 June 5, 2026
Burkhalter DanielleChief Human Resources Officer 76,864 March 13, 2026
Webb William TrentonAmerican Group President 74,249 March 6, 2026
Adlerz Clifford GDirector 69,104 June 5, 2026
DeLuca TeresaDirector 68,093 August 18, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SGRY

What does Surgery Partners, Inc. do?

Surgery Partners, Inc. is a company in the Health care sector, listed on NASDAQ as SGRY. Its shares trade on NASDAQ under the ticker SGRY.

What is Surgery Partners, Inc.'s net worth?

Surgery Partners, Inc. has a market value (market cap) of $3.5B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Surgery Partners, Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $87M on revenue of $3.4B.

How much revenue does Surgery Partners, Inc. make?

Over the twelve months to September 30, 2026 Surgery Partners, Inc. reported revenue of $3.4B. That is 2.2% more than a year earlier.

When did Surgery Partners, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.

When is Surgery Partners, Inc.'s next earnings report?

Surgery Partners, Inc.'s next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Surgery Partners, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.