Bright Horizons Family Solutions Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 30, 2026, reporting a net loss of $230.7 million for the third quarter driven by a $290.0 million goodwill impairment charge.

Key Highlights

  • Goodwill impairment: The company recorded a $290,000 thousand (i.e., $290.0 million) goodwill impairment charge in the three months ended September 30, 2026, compared to none in the same period of 2025.
  • Quarterly net loss: Net loss for the third quarter of 2026 was $230,690 thousand, versus net income of $78,552 thousand in Q3 2025.
  • Revenue growth: Revenue for the three months ended September 30, 2026 was $841,471 thousand, up from $802,812 thousand in the prior-year quarter.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $155,947 thousand, compared to net income of $171,376 thousand in the same period of 2025.
  • Loss per share: Basic and diluted loss per common share for Q3 2026 were both $(4.76), versus basic earnings of $1.38 and diluted earnings of $1.37 per share in Q3 2025.
  • Shares outstanding: As of October 22, 2026, there were 47,931,035 shares of common stock outstanding.
  • Total assets declined: Total assets were $3,479,546 thousand at September 30, 2026, down from $3,889,603 thousand at December 31, 2025.

Goodwill Impairment Drives Bright Horizons to Q3 2026 Operating Loss

According to the filing, Bright Horizons Family Solutions Inc. (NYSE:BFAM) reported a loss from operations of $187,133 thousand for the three months ended September 30, 2026, compared to income from operations of $120,846 thousand in the same quarter of 2025. The company disclosed a goodwill impairment charge of $290,000 thousand in Q3 2026 and a cumulative impairment of $296,275 thousand for the nine months ended September 30, 2026. No such charges were recorded in the corresponding 2025 periods, according to the filing.

The filing shows that revenue increased to $841,471 thousand in Q3 2026 from $802,812 thousand in Q3 2025, and to $2,332,871 thousand for the nine-month period from $2,199,909 thousand a year earlier. However, cost of services also rose to $636,645 thousand for the quarter and $1,775,592 thousand for the nine months ended September 30, 2026, from $585,763 thousand and $1,644,573 thousand in the respective prior-year periods. Gross profit for Q3 2026 was $204,826 thousand, down from $217,049 thousand in Q3 2025.

The balance sheet reflects notable changes from year-end 2025. Goodwill fell to $1,532,162 thousand at September 30, 2026, from $1,824,175 thousand at December 31, 2025. Total stockholders' equity declined to $638,387 thousand from $1,339,291 thousand over the same period. The filing also reports that common shares issued and outstanding decreased to 48,110,275 at September 30, 2026, from 55,622,045 at December 31, 2025, reflecting share repurchase activity during the period. Long-term debt net of current portions rose to $1,069,892 thousand from $747,614 thousand at year-end 2025.

What Was Disclosed

Bright Horizons filed its quarterly report for the period ended September 30, 2026, disclosing a $290.0 million goodwill impairment, a quarterly net loss of approximately $230.7 million, revenue of $841.5 million for the quarter, and a significant reduction in total stockholders' equity and shares outstanding from year-end 2025.