---
schema_version: "secwatch.filing_event.v1"
accession: "0001638833-25-000089"
form_type: "8-K"
ticker: "SGRY"
cik: "0001638833"
company_name: "Surgery Partners, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:45:13.847115+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners Q1 revenue up 8.2% to $776M; Adj EBITDA $103.9M (+6.6%); net loss $37.7M

## Summary
- Same-facility revenue +5.2%, same-facility cases +6.5% YoY; revenue per case -1.2%.
- Net loss attributable to Surgery Partners $37.7M; no GAAP EPS provided.
- Adjusted EBITDA $103.9M vs. $97.5M in prior-year quarter (+6.6%).
- Full-year 2025 guidance reaffirmed: revenue $3.30-$3.45B, Adj EBITDA $555-$565M.
- Cash $229.3M + $388.9M revolver capacity; net debt/EBITDA ~4.1x; operating cash flow $6.0M.

## SEC filing metadata
- accession: 0001638833-25-000089
- form_type: 8-K
- ticker: SGRY
- cik: 0001638833
- company_name: Surgery Partners, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638833/000163883325000089/0001638833-25-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638833/000163883325000089/sgry-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001638833-25-000089
- JSON: https://secwatch.observer/filing/0001638833-25-000089.json
- Plain text: https://secwatch.observer/filing/0001638833-25-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.