Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-35780 BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) Delaware 80-0188269 (Stat ...

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bright Horizons Family Solutions Inc. - BFAM [Accessibility Statement] Skip NavigationNEW YORK, Feb. 26, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bright Horizons Family Solutions Inc. ("Bright Horizons" or the "Company") (NYSE: BFAM). Such investors are advised to contact Danielle Peyton at [[email protected]] or 646-581-9980, ext. 7980.The investigation concerns whether Bright Horizo ...

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Bright Horizons Family Solutions Inc. for potential violations of federal securities laws on behalf of investors who may have incurred losses [1] Company Investigation - The investigation is focused on Bright Horizons Family Solutions Inc. (NYSE: BFAM) and aims to determine if the company has violated any federal securities laws [1] - Investors who have lost money on Bright Horizons are encouraged to inquire about pursuing claims to recover their losses [1]

Bright Horizons Family Solutions Inc. (NYSE:BFAM) is among the 12 Best Consumer Stocks to Buy According to Wall Street. Bright Horizons Family Solutions Inc. (BFAM) Reports Fourth-Quarter Revenue of $734 Million, Ahead of Consensus On February 12, 2026, Bright Horizons Family Solutions Inc. (NYSE:BFAM) reported fourth-quarter revenue of $734 million, ahead of the consensus estimate of $727.44 million. CEO Stephen Kramer said the company’s diversified and integrated education and care solutions, supported ...

Core Insights - Bright Horizons Family Solutions reported a 9% year-over-year revenue growth in Q4 2025, reaching $733.7 million, while net income decreased by 25% to $22 million due to operational challenges [1][18][20]. Financial Performance - Q4 2025 revenue was $733.7 million, a 9% increase from Q4 2024, driven by higher utilization of back-up care services and increased enrollment in child care centers [15][20]. - For the full year 2025, total revenue reached $2.93 billion, also reflecting a 9% increase, with net income growing by 38% to $193 million [20][22]. - Adjusted EBITDA for 2025 was $487 million, a 19% increase year-over-year, indicating strong operational performance despite challenges [23]. Business Segments - The company operates three main business segments: full-time services, back-up care services, and educational consulting. Full-time services remain the core revenue driver, while back-up care services are identified as a new growth area [5][12]. - Back-up care services saw a 17% revenue increase in Q4 2025, totaling $183 million, and a 19% increase for the full year, reaching $728 million [12][20]. - Educational consulting services grew by 10% in Q4 2025 to $36 million, with a full-year revenue of $125 million, benefiting from increased demand for college consulting services [14][20]. Strategic Initiatives - The company plans to close over 45 underperforming centers in 2026 as part of a strategy to enhance operational efficiency, which is expected to improve profit margins by 25-50 basis points [6][9]. - Bright Horizons aims to expand its back-up care services, which currently have a penetration rate of less than 10% among existing clients, indicating significant growth potential [13]. Market Position - Bright Horizons has established itself as a provider of employer-sponsored family benefits, serving over 1,450 employers globally and operating more than 1,010 early education and child care centers [2][4]. - The company emphasizes the importance of its services in supporting employee productivity and retention, which is increasingly recognized by employers [12][13].

Core Insights - Bright Horizons Family Solutions reported strong financial performance for 2025, with a notable growth in Back-Up Care revenue and overall revenue increase [5][7][21] Financial Performance - For 2025, Bright Horizons achieved total revenue of $2.93 billion, reflecting a 9% year-over-year increase, and adjusted EPS of $4.55, a 31% increase [3][7] - In Q4, revenue rose 9% year-over-year to $734 million, with adjusted EPS increasing 17% to $1.15, both exceeding management's expectations [4][7] - The Back-Up Care segment saw revenue growth of 19% to $728 million for the year, with Q4 revenue rising 17% to $183 million [1][2][7] Segment Performance - Back-Up Care continued to be a key growth driver, supported by increased utilization across various programs [2][5] - Full Service revenue increased 6% to $515 million in Q4, driven by tuition increases and modest enrollment gains, but faced headwinds from center closures [10][21] - Educational Advisory revenue rose 10% to $36 million in Q4, with a consistent operating margin of 30% [16] Future Guidance - For 2026, management guided revenue expectations of $3.075 billion to $3.125 billion, representing a growth of 5% to 6.5%, with adjusted EPS projected between $4.90 and $5.10 [6][17] - Back-Up Care is expected to grow by 11% to 13%, while Full Service is projected to grow by approximately 3.5% to 4.5% [6][21] - Management anticipates about 45 to 50 center closures in 2026, which may impact overall growth [14][19] Operational Insights - The company repurchased $225 million of shares in 2025, including approximately $120 million in Q4 [3][7] - Adjusted operating margins expanded by 200 basis points during 2025, with a Q4 adjusted operating margin of 12.3% [4][7] - Enrollment at centers open for more than one year rose about 1% in the quarter, with occupancy averaging in the mid-60% range [11][19]

Bright Horizons Family Solutions (BFAM) reported $733.7 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 8.8%. EPS of $1.15 for the same period compares to $0.98 a year ago.The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $728.7 million. With the consensus EPS estimate being $1.13, the EPS surprise was +1.77%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Bright Horizons Family Solutions (BFAM) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.77%. A quarter ago, it was expected that this child care and early education services provider would post earnings of $1.32 per share when it actually produced earnings of $1.57, delivering a su ...

Core Insights - The company reported a strong financial performance in Q4 2025, with revenue increasing by 9% to $734 million and adjusted EPS rising by 17% to $1.15, both exceeding expectations [4][12][13] - Backup Care revenue grew by 19% for the full year to $728 million, driven by solid demand and deeper penetration into existing client populations [2][3][11] - The company aims to continue expanding its services, particularly in Backup Care, with a focus on increasing user adoption and utilization among existing clients [5][10] Financial Performance - Q4 revenue reached $734 million, a 9% increase year-over-year, while full-year revenue totaled $2,930 million, up 9% from the previous year [4][11] - Adjusted operating income rose 14% to $91 million, with operating margins improving to 12.3% [13] - The company generated $351 million in cash from operations for the full year, with capital investments totaling $91 million [17] Segment Performance - Backup Care revenue increased by 17% in Q4 to $183 million, benefiting from both predictable care needs and unexpected disruptions [2][13] - Full Service revenue grew 6% in Q4 to $515 million, driven by tuition increases and modest enrollment growth [5][14] - Ed Advisory revenue rose 10% in Q4 to $36 million, with operating margins remaining consistent [8][16] Growth Opportunities - The company has less than 10% penetration within existing clients, indicating significant potential for further growth in active user adoption [5] - Plans to open approximately 20 new centers in 2026 while closing 45 to 50 underperforming centers [56] - The company expects Backup Care revenue to increase by 11% to 13% in 2026, driven by continued expansion of use [18][19] Market Position and Strategy - The company emphasizes the importance of employer partnerships and the value of Backup Care in enhancing employee productivity [37] - The UK Full Service business achieved positive operating profit for the year, marking a significant turnaround from previous losses [7] - The company aims to rationalize its portfolio by closing underperforming centers while focusing on areas with strong supply-demand dynamics [8][46]

Financial Data and Key Metrics Changes - In Q4 2025, revenue increased by 9% to $734 million, and Adjusted EPS rose by 17% to $1.15, both exceeding expectations [5][16] - For the full year, revenue reached $2.93 billion, up 9% year-over-year, and Adjusted EPS was $4.55, representing 31% growth [5][14] Business Line Data and Key Metrics Changes - Backup Care revenue grew by 17% in Q4 to $183 million, driven by strong utilization across various programs [6][17] - Full Service revenue increased by 6% in Q4 to $515 million, supported by tuition increases and modest enrollment growth [9][18] - Ed Advisory revenue rose by 10% in Q4 to $36 million, with operating margins of 30% [11][19] Market Data and Key Metrics Changes - Backup Care had double-digit growth in users among existing clients, indicating deeper penetration into the eligible population [8] - Enrollment in centers open for more than one year increased by approximately 1%, with occupancy averaging in the mid-60% range [10][18] Company Strategy and Development Direction - The company aims to scale the Backup Care business by expanding unique users and increasing usage frequency among existing clients [8] - Focus remains on serving families where they work and live, while continuing to rationalize locations that do not meet strategic criteria [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of the business model and long-term growth opportunities, expecting revenue in 2026 to be between $3.075 billion and $3.125 billion [15][21] - The company anticipates adjusted EPS for 2026 to be in the range of $4.90 to $5.10 per share [15][22] Other Important Information - The company repurchased $225 million of shares in 2025, including approximately $120 million in Q4 [20] - The 2026 fiscal year marks the 40th anniversary of the company, highlighting its evolution alongside changes in workforce and employer priorities [12] Q&A Session Summary Question: Full service margin outlook and center closures - Management indicated that most closed centers were loss-making, contributing to a projected margin improvement of 25-50 basis points in the full service business for 2026 [25][26] Question: Health and safety protocols and local market risks - Management emphasized a commitment to high-quality care and strong communication with families, noting stability in client relationships despite recent incidents [28][29] Question: Pricing and enrollment growth assumptions - The company expects average price increases of approximately 4% and enrollment growth of about 100 basis points for 2026 [36] Question: New York City exposure and UPK opportunities - Management expressed confidence in their relationship with the city regarding UPK contracts and the potential for future expansion into younger age groups [39][40] Question: Backup Care growth drivers - The majority of growth is expected to come from existing clients, with a focus on increasing unique users and usage frequency [61] Question: Enrollment season and center count - Management noted a stable fall enrollment season and plans to open around 20 centers in 2026 while closing 45-50 underperforming centers [70][71]