Quarterly ResultMay 5, 2026, 04:19 PM
BrightView Q1 Revenue $702.9M; Net Loss to Common Stockholders $(7.1)M
AI Summary
BrightView Holdings reported net service revenues of $702.9 million for the three months ended March 31, 2026, an increase from $662.6 million in the prior year. However, net income decreased to $1.7 million from $6.4 million, and the net loss attributable to common stockholders widened to $(7.1) million from $(2.4) million. For the six months, net service revenues rose to $1,317.7 million, but the net loss to common stockholders increased to $(31.4) million. The company also announced a subsequent event, Amendment No. 10 to its credit agreement, extending the maturity and reducing interest rates for its Revolving Credit Facility.
Key Highlights
- Net service revenues for Q1 2026 increased to $702.9M from $662.6M YoY.
- Net income for Q1 2026 decreased to $1.7M from $6.4M YoY.
- Net loss attributable to common stockholders widened to $(7.1)M from $(2.4)M YoY.
- Basic and diluted loss per share for Q1 2026 was $(0.08) vs $(0.03) YoY.
- Maintenance Services revenue rose to $554.6M in Q1 2026 from $492.8M YoY.
- Development Services revenue decreased to $149.6M in Q1 2026 from $171.9M YoY.
- Net cash provided by operating activities for six months decreased to $82.3M from $151.7M YoY.
- Revolving Credit Facility maturity extended and interest rates reduced on May 4, 2026.