Option Care Health, Inc. (OPCH) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Health Care
Services-Home Health Care ServicesSEC EDGAR

Option Care Health, Inc. (OPCH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Option Care Health, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Largest independent provider of home and alternate site infusion therapy via 196 locations in 43 states, serving complex chronic conditions
  • New emphasis: Expansion of ambulatory infusion suites to 109 standalone locations, including 27 with advanced practitioner capabilities
  • Strategic position: Strengthened national presence with integrated sales targeting managed care, health systems, and drug manufacturers for new product launches
  • Quantitative metric: Employee count rose to 6,528 full-time and 1,738 part-time as of Dec 31, 2025, including ~2,700 nursing staff
  • Noteworthy fact: Received multiple national accreditations (ACHC, PCAB, ASHP, URAC) underscoring quality and compliance in infusion services

Management Discussion & Analysis

  • Revenue $5.65B, up 13.0% YoY from $5.00B driven by mid-teens growth in acute therapies and low double-digit chronic growth
  • Operating margin declined to 6.0% from 6.4%; gross margin fell to 19.3% from 20.3% due to therapy mix and biosimilar adoption
  • Best segment: Acute therapies with mid-teens revenue growth; Worst: Chronic therapies with higher cost mix including rare/orphan therapies
  • Operating cash flow $258M down $65M; investing cash outflow $161M up $125M due to Intramed Plus acquisition; financing cash outflow $277M up $59M driven by $310M stock repurchase
  • Management expects $25M-$35M negative gross profit impact in 2026; secured credit facility amendments lowered interest rate and extended maturities supporting liquidity

Risk Factors

  • No specific or timely risk factors disclosed in provided text

Option Care Health, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$5.6B

+15.0% YoY

Net Income

$208M

-2.0% YoY

Gross Margin

19.3%

-137bp YoY

Operating Margin

6.0%

-57bp YoY

Net Margin

3.7%

-64bp YoY

ROE

15.7%

+57bp YoY

Total Assets

$3.5B

+1.0% YoY

EPS (Diluted)

$1.27

+3.3% YoY

Operating Cash Flow

$258M

-20.1% YoY

Source: XBRL data from Option Care Health, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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