Bright Horizons Family Solutions Inc. (BFAM) Balance Sheet
BFAM balance sheet, 2025
December 31, 2025 · U.S. dollars$4.15B assets = $2.81B liabilities + $1.34B equity
Both columns are drawn to the same scale: what BFAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BFAM financial health
Descriptive bands, not a rating. Fiscal 2025.
BFAM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.37B2016 | $4.15B2025 | +6.4%/yr | |
| Total liabilities | $1.68B2016 | $2.81B2025 | +5.9%/yr | |
| Shareholders’ equity | $687.9M2016 | $1.34B2025 | +7.7%/yr | |
| Cash & short-term investments | $14.6M2016 | $156.0M2025 | +30.1%/yr | |
| Total debt | $1.14B2016 | $1.76B2025 | +4.9%/yr | |
| Net cash (debt) | −$1.13B2016 | −$1.60B2025 | −$478.1M | |
| Working capital | −$236.8M2016 | −$462.2M2025 | −$225.3M | |
| Book value per share | $11.352016 | $23.322025 | +8.3%/yr | |
| Current ratio | 0.402016 | 0.522025 | +0.12 | |
| Debt / equity | 1.662016 | 1.312025 | −0.34 | |
| Shares outstanding | 60.6M2016 | 57.4M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BFAM assets
BFAM liabilities and equity
BFAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BFAM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $156.0M | $122.0M | $93.6M | $53.9M | $283.7M | $405.8M | $44.9M | $15.4M | $23.2M | $14.6M |
| Cash & equivalents | $140.6M | $110.3M | $71.6M | $36.2M | $261.0M | $384.3M | $27.9M | $15.4M | $23.2M | $12.9M |
| Short-term investments | $15.4M | $11.7M | $22.0M | $17.7M | $22.7M | $21.5M | $17.1M | — | $0 | $0 |
| Receivables | $294.0M | $283.3M | $281.7M | $217.2M | $211.0M | $185.0M | $148.9M | $131.2M | $117.1M | $97.2M |
| Inventory | $0 | $0 | $0 | $73.3M | $1 | $1 | $0 | $0 | $0 | $1 |
| Other current assets | $54.0M | $90.7M | $71.6M | $3.3M | $45.6M | $33.4M | $35.1M | $47.3M | $52.1M | $48.2M |
| Total current assets | $504.0M | $496.0M | $446.9M | $347.7M | $540.3M | $624.2M | $228.9M | $193.9M | $192.5M | $160.1M |
| Property, plant & equipment (net) | $1.26B | $1.30B | $1.35B | $1.37B | $1.29B | $1.35B | $1.34B | $597.1M | $575.2M | $529.4M |
| Goodwill & intangible assets | $2.03B | $1.96B | $2.00B | $1.97B | $1.73B | $1.71B | $1.72B | $1.67B | $1.66B | $1.65B |
| Long-term investments | $37.1M | $33.6M | $16.7M | $19.0M | $13.3M | $0 | $17.3M | $10.8M | $3.8M | $0 |
| Other non-current assets | $322.4M | $61.6M | $75.6M | $85.6M | $59.2M | $49.3M | $29.6M | $51.8M | $41.9M | $32.9M |
| Total assets | $4.15B | $3.85B | $3.90B | $3.80B | $3.64B | $3.73B | $3.33B | $2.52B | $2.47B | $2.37B |
| Liabilities | ||||||||||
| Accounts payable | $27.9M | $32.8M | $24.8M | $24.6M | $8.5M | $30.0M | $17.8M | $16.2M | $31.7M | $26.2M |
| Short-term debt | $309.8M | $130.6M | $118.9M | $194.1M | $103.3M | $97.9M | $93.9M | $128.9M | $137.8M | $86.8M |
| Deferred revenue | $330.6M | $328.8M | $272.9M | $223.0M | $281.6M | $238.3M | $222.4M | $200.6M | $189.9M | $161.4M |
| Total current liabilities | $966.2M | $779.4M | $799.4M | $786.3M | $622.2M | $530.8M | $483.3M | $483.8M | $460.7M | $396.9M |
| Long-term debt | $747.6M | $918.4M | $944.3M | $961.6M | $976.4M | $1.02B | $1.03B | $1.04B | $1.05B | $1.05B |
| Lease obligations | $813.1M | $845.7M | $897.1M | $904.5M | $791.3M | $816.9M | $769.0M | — | — | — |
| Other long-term liabilities | $1.09B | $874.1M | $939.8M | $970.5M | $862.2M | $891.9M | $847.8M | $224.2M | $212.9M | $229.6M |
| Total liabilities | $2.81B | $2.57B | $2.68B | $2.72B | $2.46B | $2.44B | $2.36B | $1.74B | $1.72B | $1.68B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $56,000 | $57,000 | $58,000 | $58,000 | $59,000 | $60,000 | $58,000 | $57,000 | $58,000 | $59,000 |
| Retained earnings (deficit) | $959.1M | $766.0M | $625.8M | $551.6M | $471.0M | $400.5M | $373.5M | $193.1M | $35.1M | −$121.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$44.8M | −$110.3M | −$59.1M | −$70.6M | −$37.4M | −$27.1M | −$50.3M | −$62.4M | −$33.3M | −$89.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.34B | $1.28B | $1.21B | $1.08B | $1.18B | $1.28B | $971.3M | $779.5M | $749.1M | $687.9M |
| Key figures | ||||||||||
| Total debt | $1.76B | $1.79B | $1.86B | $1.97B | $1.78B | $1.85B | $1.81B | $1.17B | $1.18B | $1.14B |
| Net cash (debt) | −$1.60B | −$1.67B | −$1.77B | −$1.91B | −$1.50B | −$1.44B | −$1.76B | −$1.15B | −$1.16B | −$1.13B |
| Working capital | −$462.2M | −$283.4M | −$352.5M | −$438.6M | −$81.9M | $93.4M | −$254.4M | −$289.9M | −$268.2M | −$236.8M |
| Tangible book value | −$687.2M | −$681.9M | −$790.3M | −$893.0M | −$553.5M | −$422.8M | −$746.3M | −$891.2M | −$906.3M | −$958.1M |
| Book value per share | $23.32 | $21.86 | $20.93 | $18.47 | $19.37 | $21.29 | $16.48 | $13.21 | $12.43 | $11.35 |
| Shares outstanding | 57.4M | 58.5M | 57.9M | 58.5M | 60.9M | 60.3M | 58.9M | 59.0M | 60.3M | 60.6M |
| Current ratio | 0.52 | 0.64 | 0.56 | 0.44 | 0.87 | 1.18 | 0.47 | 0.40 | 0.42 | 0.40 |
| Quick ratio | 0.47 | 0.52 | 0.47 | 0.34 | 0.80 | 1.11 | 0.40 | 0.30 | 0.30 | 0.28 |
| Debt / equity | 1.31 | 1.40 | 1.53 | 1.82 | 1.51 | 1.44 | 1.86 | 1.50 | 1.58 | 1.66 |
| Equity / assets | 32.3% | 33.2% | 31.1% | 28.4% | 32.4% | 34.4% | 29.2% | 30.9% | 30.3% | 29.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $163.7M | $148.6M | $156.0M | $139.8M | $207.7M | $135.3M | $122.0M | $127.2M | $179.7M | $81.0M | $93.6M | $40.9M |
| Cash & equivalents | $163.7M | $134.2M | $140.6M | $123.4M | $194.6M | $121.7M | $110.3M | $116.8M | $141.4M | $67.3M | $71.6M | $40.9M |
| Short-term investments | — | $14.4M | $15.4M | $16.4M | $13.1M | $13.6M | $11.7M | $10.4M | $38.3M | $13.7M | $22.0M | $23.4M |
| Receivables | $208.8M | $215.7M | $294.0M | $246.7M | $197.9M | $239.2M | $283.3M | $231.5M | $185.0M | $219.8M | $281.7M | $223.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | −$2.9M |
| Other current assets | $92.5M | $65.4M | $54.0M | $68.2M | $67.2M | $74.0M | $90.7M | $45.3M | $31.3M | $47.5M | $71.6M | $107.9M |
| Total current assets | $465.1M | $429.7M | $504.0M | $454.7M | $472.8M | $448.5M | $496.0M | $404.0M | $396.0M | $348.2M | $446.9M | $369.2M |
| Property, plant & equipment (net) | $559.7M | $1.23B | $1.26B | $1.31B | $1.33B | $1.31B | $1.30B | $1.37B | $1.34B | $1.34B | $1.35B | $1.36B |
| Goodwill & intangible assets | $2.01B | $2.02B | $2.03B | $2.01B | $2.02B | $1.98B | $1.96B | $2.03B | $1.99B | $1.98B | $2.00B | $1.97B |
| Long-term investments | $0 | $0 | $37.1M | $0 | $0 | $0 | $33.6M | $0 | $0 | $0 | $16.7M | $0 |
| Other non-current assets | $755.0M | $113.8M | $322.4M | $108.7M | $98.1M | $92.7M | $61.6M | $109.0M | $114.1M | $121.4M | $75.6M | $98.3M |
| Total assets | $3.79B | $3.79B | $4.15B | $3.88B | $3.92B | $3.82B | $3.85B | $3.91B | $3.84B | $3.79B | $3.90B | $3.80B |
| Liabilities | ||||||||||||
| Accounts payable | $310.3M | $266.8M | $292.8M | $280.9M | $308.1M | $273.4M | $32.8M | $278.7M | $282.8M | $238.0M | $24.8M | $241.6M |
| Short-term debt | $325.7M | $296.1M | $309.8M | $276.6M | $207.8M | $128.3M | $130.6M | $130.7M | $124.4M | $120.8M | $118.9M | $141.8M |
| Deferred revenue | $287.7M | $319.8M | $330.6M | $243.4M | $282.6M | $308.6M | $328.8M | $222.2M | $258.9M | $278.6M | $301.9M | $210.0M |
| Total current liabilities | $971.7M | $927.8M | $966.2M | $841.1M | $839.1M | $744.3M | $779.4M | $666.9M | $712.5M | $686.4M | $799.4M | $743.4M |
| Long-term debt | $1.07B | $897.7M | $747.6M | $747.5M | $797.0M | $872.7M | $918.4M | $925.7M | $931.9M | $938.1M | $944.3M | $950.5M |
| Lease obligations | $767.4M | $790.1M | $813.1M | $831.7M | $852.5M | $849.8M | $845.7M | $891.8M | $876.3M | $888.7M | $897.1M | $891.1M |
| Other long-term liabilities | $802.8M | $820.6M | $1.09B | $868.0M | $884.6M | $882.4M | $874.1M | $923.1M | $909.8M | $937.6M | $939.8M | $943.1M |
| Total liabilities | $2.85B | $2.65B | $2.81B | $2.46B | $2.52B | $2.50B | $2.57B | $2.52B | $2.55B | $2.56B | $2.68B | $2.64B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $49,000 | $53,000 | $56,000 | $57,000 | $57,000 | $57,000 | $57,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 |
| Retained earnings (deficit) | $987.6M | $993.2M | $959.1M | $937.4M | $858.8M | $804.1M | $766.0M | $736.9M | $682.0M | $642.8M | $625.8M | $620.3M |
| Accumulated other comprehensive income | −$44.2M | −$46.2M | −$44.8M | −$47.4M | −$35.5M | −$89.3M | −$110.3M | −$34.8M | −$71.8M | −$77.0M | −$59.1M | −$90.7M |
| Total shareholders' equity | $943.5M | $1.15B | $1.34B | $1.43B | $1.40B | $1.32B | $1.28B | $1.40B | $1.28B | $1.23B | $1.21B | $1.17B |
| Key figures | ||||||||||||
| Total debt | $2.05B | $1.87B | $1.76B | $1.75B | $1.75B | $1.75B | $1.79B | $1.84B | $1.83B | $1.85B | $1.86B | $1.89B |
| Net cash (debt) | −$1.89B | −$1.72B | −$1.60B | −$1.61B | −$1.54B | −$1.61B | −$1.67B | −$1.72B | −$1.65B | −$1.77B | −$1.77B | −$1.85B |
| Working capital | −$506.6M | −$498.0M | −$462.2M | −$386.4M | −$366.3M | −$295.8M | −$283.4M | −$262.9M | −$316.5M | −$338.2M | −$352.5M | −$374.2M |
| Tangible book value | −$1.07B | −$871.3M | −$687.2M | −$586.5M | −$621.6M | −$651.7M | −$681.9M | −$631.8M | −$708.9M | −$750.6M | −$790.3M | −$808.5M |
| Book value per share | $18.23 | $20.94 | $23.64 | $24.75 | $24.19 | $22.85 | $21.88 | $23.84 | $21.96 | $21.08 | $20.88 | $20.08 |
| Shares outstanding | 51.8M | 54.7M | 56.6M | 57.7M | 57.8M | 58.0M | 58.4M | 58.7M | 58.4M | 58.3M | 58.1M | 58.0M |
| Current ratio | 0.48 | 0.46 | 0.52 | 0.54 | 0.56 | 0.60 | 0.64 | 0.61 | 0.56 | 0.51 | 0.56 | 0.50 |
| Quick ratio | 0.38 | 0.39 | 0.47 | 0.46 | 0.48 | 0.50 | 0.52 | 0.54 | 0.51 | 0.44 | 0.47 | 0.36 |
| Debt / equity | 2.18 | 1.64 | 1.31 | 1.22 | 1.25 | 1.32 | 1.40 | 1.32 | 1.43 | 1.50 | 1.53 | 1.62 |
| Equity / assets | 24.9% | 30.2% | 32.3% | 36.8% | 35.7% | 34.6% | 33.2% | 35.7% | 33.4% | 32.4% | 31.1% | 30.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
BFAM financial position
At the end of fiscal 2025 (December 31, 2025), Bright Horizons Family Solutions had total assets of $4.1 billion (up 7.7% from a year earlier), total liabilities of $2.8 billion and shareholders' equity of $1.3 billion. It held $156.0 million in cash and short-term investments against $1.8 billion of debt, net debt of $1.6 billion. Its current ratio was 0.52. In the latest quarter (ended June 30, 2026) total assets were $3.8 billion and equity $943.5 million.
Related: BFAM income statement, BFAM cash flow statement, BFAM key metrics. See the BFAM stock overview for the latest quote and news.
BFAM balance sheet FAQ
What are Bright Horizons Family Solutions's total assets?
Bright Horizons Family Solutions reported total assets of $4.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.9 billion a year earlier.
How much debt does Bright Horizons Family Solutions have?
Bright Horizons Family Solutions had $1.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.31.
How much cash does Bright Horizons Family Solutions have?
Bright Horizons Family Solutions held $156.0 million in cash and short-term investments at the end of fiscal 2025; with $1.8 billion of debt that is net debt of $1.6 billion.
What is Bright Horizons Family Solutions's book value?
Bright Horizons Family Solutions's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $23.32 per share.
What is Bright Horizons Family Solutions's current ratio?
Bright Horizons Family Solutions had current assets of $504.0 million and current liabilities of $966.2 million, a current ratio of 0.52 (current liabilities exceed current assets).
How much goodwill does Bright Horizons Family Solutions have?
Bright Horizons Family Solutions carried $2.0 billion of goodwill and intangible assets, 48.9% of total assets, at the end of fiscal 2025.