| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 614.70 | 2.6% |
| Total Income | 614.70 | 2.6% |
| Expenditure | 621.80 | 3.7% |
| PBT | -20.40 | 39.7% |
| Net Profit | -15.20 | 46.1% |
| OPM | -1.16% | 1.05pp |
| NPM | -2.47% | 0.74pp |
| EPS | -0.26 | 30.0% |
BrightView Reports Q1 FY26 Revenue Growth & Improved Adjusted EBITDA
04 May 2026 · 4 May, 1:33 am
Summary
BrightView Holdings reported a 2.6% increase in net service revenues, reaching $614.7 million for the first quarter of fiscal 2026. While the company experienced a net loss of $15.2 million, Adjusted EBITDA saw a rise to $53.5 million. The Maintenance Services segment benefited from increased snow removal revenue, while the Development Services segment experienced a decrease. BrightView reaffirmed its fiscal year 2026 guidance, projecting total revenue between $2.670 billion and $2.730 billion.
Key Highlights
- 1
Net service revenues increased by 2.6% year-over-year to $614.7 million in the first quarter of fiscal 2026.
- 2
The company's net loss expanded by $4.8 million year-over-year to $15.2 million, resulting in a net loss margin of 2.5%.
- 3
Adjusted EBITDA increased by $1.4 million year-over-year to $53.5 million, with an Adjusted EBITDA margin of 8.7%.
- 4
Maintenance Services Segment revenue increased by $27.1 million, or 6.6%, from the 2024 period, driven by a $36 million increase in snow removal services revenue.
- 5
Development Services Segment revenue decreased by $12.6 million, or 6.6%, compared to the prior year.
- 6
The company reaffirms its fiscal year 2026 guidance, projecting total revenue between $2.670 billion and $2.730 billion.
- 7
BrightView repurchased 1.1 million shares of common stock during the quarter.
Management Comments
Dale Asplund
“We are off to a strong start to fiscal 2026, delivering top-line growth and improved Q1 Adjusted EBITDA while accelerating investments in our sales force and realizing efficiencies throughout the business. Our first-quarter results were driven by sustained momentum in our key performance indicators, reflecting the progress we continue to make in transforming our business. We are reaffirming our guidance for fiscal 2026 and are well-positioned to deliver top-line profitable growth and a third consecutive year of record Adjusted EBITDA.”
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