SBC Medical Group Holdings (SBC) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 13–13.4% year-over-year to $49–$49.2 million, with net income attributable to shareholders up 335% to $10.7–$11 million, driven by AI-enabled service enhancements, higher management services revenue, and network expansion.

• Adjusted EBITDA increased 32% year-over-year to $20 million, with margin expanding to 41%.

• Strategic focus on multi-brand aesthetic dermatology, non-aesthetic healthcare as a second growth engine, global expansion (notably in the U.S. and Southeast Asia), and AI-driven cost structure reform.

• Completed structural reforms in 2025, entering a phase of re-accelerated growth with profit growth outpacing revenue growth.

• Expanded business base and enhanced support functions, notably through AI, driving operational efficiency and customer experience.

Financial highlights

• Q2 2026 total revenues: $49–$49.2 million (+13–13.4% YoY); net income: $10.7–$11 million (+335% YoY); adjusted EBITDA: $20 million (+32% YoY); adjusted EBITDA margin: 41%.

• Net income margin for Q2 2026: 21.7–22% (+16pt YoY); basic EPS: $0.10 (+400% YoY).

• Gross profit for Q2 2026: $36 million (+19.9% YoY); gross margin: 73.1%.

• Cash and cash equivalents as of June 30, 2026: $184–$184.3 million; capital ratio: 64.9%.

• Year-to-date clinic revenue rose 11%, same clinic revenue up 6%, and average spend per visit increased 9% to $287.

Outlook and guidance

• AI-enabled platform and revised service agreements expected to drive sustainable growth in clinic locations, average fee per clinic, and service breadth, with $15 million in annualized management service revenue increases anticipated.

• Continued strong growth in customer volume and unit price expected, with further improvements anticipated in Q3 and Q4.

• Targeting 1,000 clinics by 2035, with a shift toward greater non-aesthetic healthcare revenue and entry into the Longevity market.

• U.S. and Southeast Asia strategies focus on asset-light expansion and leveraging local partnerships.